6 February 2024: Tuesday 06 February 2024 - 9:00am
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    Key features

    • Freehold Development Opportunity in Affluent Yorkshire Town
    • Comprises a former bank with planning permission granted for 5 large self contained flats ranging from 121 sq m to 187 sq m
    • Substantial building comprising approximately 784.10 sq m (8,440 sq ft)
    • Low capital value psf (£34.95 psf)
    • Attractively located opposite Richmond Castle

    Description

    The property comprises a substantial four storey building (plus basement) arranged as a ground floor banking hall with ancillary accommodation above. The property comprises approximately 784.10 sq m (8,440 sq ft) and planning permission has been granted for conversion to 5 large flats (see planning).

    Additional information

    Tenure

    Freehold.

    Accommodation

    Please note the approximate areas have been provided by the Vendor and the property has not been inspected by Savills.


    The property comprises approximately 784.10 sq m (8,440 sq ft) over basement, ground and first floors.


    Proposed accommodation:

    Flat 1 - 157.45 sq m (1,695 sq ft)

    Flat 2 - 153.18 sq m (1,649 sq ft)

    Flat 3 - 121.50 sq m (1,308 sq ft)

    Flat 4 - 187.70 sq m (2,020 sq ft)

    Flat 5 - 164.27 sq m (1,768 sq ft)


    Total - 784.10 sq m (8,440 sq ft).


    Tenancy

    Vacant Possession.

    Planning

    Planning permission (Ref. No: 22/00848/FULL) has been granted for the conversion of the building to 5 substantial apartments. For further information please see Richmondshire Planning Portal (www.planning.richmondshire.gov.uk/online-applications/). The property has approved Change of Use consent to convert a listed bank building into residential. Please see the legal pack for the approval.

    Rent

    Vacant
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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Richmond is an attractive and affluent town in North Yorkshire approximately 15 miles north-west of Northallerton, 22 miles north of Ripon, 33 miles of Harrogate. The property is located on the east side of Frenchgate, with nearby occupiers including Heron Foods, Savers Health and Beauty and a number of independent shops, cafes and restaurants.

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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