Ripon Investment

Ripon – Investment

Grade II listed Victorian mansion converted to offices.
Let to North Yorkshire County Council until 2020 with rolling breaks.
Underpinned by strong residential development angle & vacant possession value.
The purchase price reflected a 12.8% NIY
The property comprises a Grade 2 listed building set in substantial landscaped grounds of 2.82 acres (1.14 hectares) including approximately 40 parking spaces.
The building was originally constructed as a private residence and was later converted into office accommodation. The entire property is now occupied by North Yorkshire County Council for its Schools ICT division, providing IT support and training to over 400 schools throughout North Yorkshire.
Prestigic Holdings has gained planning consent to convert the existing offices into 3 houses which will increase the value of the property as a development play or would appeal to an owner occupier to again use as a single residence.