Summary - Costcutter,15 Mill Street,DRIFFIELD,YO25 6TN YO25 6TN
1 bed 1 bath Commercial Property
Income-producing convenience store with long-term tenant and strong footfall.
Long-term Costcutter tenant in occupation over 25 years
Current passing rent £22,000 per annum providing immediate income
Single FRI lease — buyer must confirm lease length and terms
Large building: approx. 5,623 sq ft across three floors
Prominent town-centre position opposite large public car park
Tenure not specified — verify freehold/leasehold and title details
High local crime level may impact insurance and operating costs
No flood risk; off-street parking and strong local amenities
A well-located retail investment in Driffield town centre, currently let to Costcutter on a single FRI lease. The tenant has occupied the premises for more than 25 years, providing a long trading history and immediate income of £22,000 per annum. The building sits directly opposite a large public car park, giving strong customer access and town-centre visibility.
The property totals approximately 5,623 sq ft across ground, first and second floors. The ground floor is an open-plan convenience store with modern retail fittings and refrigerated displays; upper floors provide additional stores and back-of-house space, offering scope for operational flexibility or repurposing subject to consents. The building combines an early-20th-century brick facade with functional, modern interior fixtures.
Key transactional and physical points to note: the lease is FRI with a long-standing tenant, but the tenure of the freehold/leasehold title is not specified in the information provided — buyers should confirm title and lease terms. The area records a high crime level, which may affect insurance and tenant considerations. There is no flood risk recorded and the property benefits from off-street parking and excellent local amenities.
This asset will suit income-focused investors seeking an immediate, let retail unit in a self-sufficient town centre location. The rental and tenant history reduce short-term void risk, while the property size and layout offer mid-term value-add opportunities. Interested parties should review the lease, service obligations, recent accounts where available, and local crime/insurance implications before committing.
Healthcare facility for sale in Beauty, Therapy & Tanning, East Yorkshire, YO25 — £330,000 • 1 bed • 1 bath
Land for sale in George Street, Driffield, YO25 — £100,000 • 1 bed • 1 bath • 366 ft²
Light industrial facility for sale in Market Walk, Driffield, YO25 — £850,000 • 1 bed • 1 bath • 10764 ft²
10 bedroom town house for sale in Albion Street, Driffield, YO25 — £180,000 • 10 bed • 1 bath • 3282 ft²
3 bedroom terraced house for sale in St Johns Road, Driffield, YO25 — £125,000 • 3 bed • 1 bath • 801 ft²
Residential development for sale in Middle Street North, Driffield, YO25 6SS, YO25 — £370,000 • 1 bed • 1 bath • 5728 ft²
