LOCATION

Driffield is an extremely busy and popular market town located approximately 12 miles north of Beverley. The property occupies a prominent position within Driffield town centre, within the main market square close to the junction between Market Place and Mill Street.

Occupiers of these offices are able to take full advantage of all the shopping, business and transport facilities offered in the centre of Driffield, with the railway and bus station a short walk from the building.

ACCOMMODATION

23 Market Place, Driffield

The accommodation comprises of ground, first and second floor offices, which are divided to provide a mixture of private and general offices.

The offices have been recarpeted and redecorated within the last five years and benefit from gas central heating. The usual staff facilities are provided on the first floor including WCs and kitchen.

Business Rates

The current rateable value is £4,050.  The tenant is responsible for the payment of the business rates.

The property comprises of a spacious ground floor retailing unit with additional storage and staff facilities fronting directly onto the Towns Market Place which is a high-profile location.

Business Rates

The current rateable value is £7,100.  The tenant is responsible for the payment of the business rates.

Other important information relating to both properties

Lease Details

No. 23 is let on a full repairing and insuring (FRI) lease to Great Driffield Radio on a 5-year lease from 1st February 2020.  The current rent passing is £8,500 pa and a rent review has been agreed for an increase in rent to £9,250pa from the 1st of February 2023.

No. 23a is let on a full repairing and insuring (FRI) lease to Pins & Needles on a 6 year lease from 17th April 2018.  The current rent passing following a mid-term review is £10,000 pa. 

VAT

Interested parties should note that the property is VAT registered and VAT will therefore be payable in addition to the purchase price.

Tenure & Possession

Freehold with possession being subject to the existing commercial leases.

Viewing
Strictly by appointment with the sole agents on 0845 400 9900.

Solicitors: 

Harry Johnson    
Knights Solicitors, Victoria Hudson Quarter, Toft Green, York, YO1 6AB

Tel: 01904 949200

Additional Fees

Additional Fees (Including VAT) Administration Charge: The purchaser will be required to pay an administration charge of 0.3% of the purchase price subject to a minimum of £750 (£625 plus VAT). Buyer's premium £480 Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion

Guide Price
Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Conditions of Sale

The property will be sold subject to conditions of sale, copies of which will be available for inspection at the auctioneer's offices, with the solicitors and on-line at www.auctionhouse.uk.net/hullandeastyorkshire prior to the date of the auction.

Online Bidding Information
If you are wanting to bid on this property, take a look at this video, which goes through the online bidding process: https://www.youtube.com/watch?v=ImXr4HXR36c