Yorkshire Dales Retal/Leisure Investment Sold

Acting on behalf of LPA Receivers, Peill & Co has concluded the sale of a retail/leisure investment in Malham within the heart of the Yorkshire Dales National Park. The property was let on an overriding lease to the Edinburgh Woollen Mill for 25 years from March 1991 at a passing rental of 47,000 per annum. The property comprises a substantial range of buildings incorporating retail, show room, restaurant/tea rooms and ancillary accommodation situated on a substantial site on the edge of the centre of the village immediately adjacent to footpaths leading onto Malham Cove. The area is one of the most popular destinations within the Yorkshire Dales National Park with Malham Cove being renowned as a destination for walkers, climbers and day-trippers. The marketing of the property resulted in a significant amount of interest from potential purchasers and a closing date for receipt of offers was set, resulting in a transaction by private treaty to a purchaser with extensive interests in the Yorkshire Dales area.