Summary - Off Court Terrace, Kirkgate, Ripon, HG4 HG4 1PB
1 bed 1 bath Plot
**Standout Features:**
- Nine self-contained garages generating annual income.
- Previous planning permission for four townhouses (now lapsed).
- Good central location with easy access to amenities and transport links.
- Potential for redevelopment or continued investment as storage.
**Summary:**
This property presents a unique investment opportunity with nine self-contained garages located in a prime city center location, making them highly desirable for rental or private use. Currently, approximately 75% of the garages are leased out at £100 each per month, providing a steady annual income. With a total area of approximately 1,309 square feet, the garages are constructed of durable sectional concrete under a corrugated metal roof, ensuring low maintenance costs.
While there has been previous planning approval for redevelopment into four townhouses, this has now lapsed, presenting an investor with both immediate rental income and future development potential. The property has no mains services connected, which may require consideration for future projects. Positioned conveniently near local amenities such as shops and public services, and with excellent mobile and broadband connectivity, this offering blends practicality with investment potential. The central urban location guarantees consistent demand for parking and storage spaces in an area where such facilities are scarce, making this a compelling option for investors looking to capitalize on a robust rental market. Act promptly, as opportunities like this in such a location are unlikely to last long!
Office for sale in Old Market Place, Ripon, North Yorkshire, HG4 — £140,000 • 1 bed • 1 bath • 1000 ft²
Office for sale in North Street, Ripon, HG4 — £185,000 • 1 bed • 1 bath • 934 ft²
4 bedroom terraced house for sale in High Skellgate, Ripon, North Yorkshire, HG4 — £172,500 • 4 bed • 1 bath • 1509 ft²
Studio apartment for sale in High Skellgate, Ripon, North Yorkshire, HG4 — £950,000 • 1 bed • 1 bath • 1066 ft²
Office for sale in North Street, Ripon, HG4 1JY, HG4 — £279,950 • 1 bed • 1 bath • 3175 ft²
High street retail property for sale in Fishergate, Ripon, North Yorkshire, HG4 — £150,000 • 1 bed • 1 bath • 804 ft²
