Retail property (high street) for sale

A freehold mixed-use portfolio of 19 properties arranged as 10 shops, 4 offices and 5 flats in Driffield, positioned predominantly on the outer fringe of the main shopping thoroughfare or within an established secondary trading street close to the Town centre. The accommodation is largely configured with retail at the ground floor and residential flats or office space above, forming two traditional parades that continue to serve local day-to-day demand.

The portfolio is almost fully occupied and generates a gross income of £90,780 per annum. One vacant office offers a near-term opportunity to increase the total to around £92,860 per annum, based on existing rental evidence. Rents sit at levels that have proven affordable for independent businesses, supporting consistent take-up and providing investors with confidence in the sustainability of the income.

Constructed mainly in the early to mid twentieth century, the buildings appear as solid, familiar stock. EPC ratings are E or above, fire and electrical regulations are addressed, and there are no known requirements for major structural expenditure. At Brook Street Chambers, several suites share common corridors and facilities, with tenants responsible for internal repairs while the landlord retains the exterior, which is an arrangement well understood in assets of this type.

The properties have been under continuous professional management, including the last three years by the current agent, giving comfort around rent collection, record keeping and compliance.

For purchasers seeking an accessible multi-let investment, the portfolio offers immediate income, proven occupational demand and an identifiable scope to capture future rental growth through active management and the letting of the remaining vacant space.

The freehold of 22 Middle Street South is included, with Flat 1 retained and income producing and Flat 2 sold off on a 125 year lease from March 2016. The long lease produces a ground rent of £125 per annum until March 2041, rising by £100 every 25 years thereafter, providing an additional reversionary income and ongoing control of the building.

Location

Driffield is a well-established market town serving a wide rural catchment within the East Riding. The centre provides a mix of local retailers, services, cafes and professional occupiers which support regular footfall throughout the week, reinforced by traditional market activity and a strong sense of local identity.

With the exception of 77 Middle Street South, the four of the properties sit on the outer fringe of the main shopping street, with B&M, Boyes and a Morrisons Local store close by. The Brook Street units are in secondary trading locations that are still close to the main commercial core. These positions continue to function because they offer affordable occupational costs and convenient access to the town’s amenities. Shoppers and businesses benefit from short walking distances to car parking, convenience stores and public transport.

Road links connect the town to surrounding villages and to the larger centres of Bridlington, Beverley and Hull, while the railway station provides direct services along the Yorkshire coast and inland. This accessibility helps sustain demand from small businesses seeking premises that are easy for customers and staff to reach.

For investors, the appeal of the location rests in consistent local usage, limited competing supply at similar price points, and a long history of independent traders operating successfully from character buildings in and around the centre.

AddressTypeStatusRent (£) paEPCTotal Sq MLease Start DateFlat 1, 23 Middle Street South, DriffieldFlatPeriodic£5,400E5209 May 2025Flat 2, 23 Middle Street South, DriffieldFlatPeriodic£5,220E6008 Mar 2017Flat 1, 22 Middle Street South, DriffieldFlatPeriodic£5,880E6324 Feb 2016Flat 1, The Archway, Brook Street, DriffieldFlatNew AST£6,600E5302 Mar 2026Flat 2, The Archway, Brook Street, DriffieldFlatAST£6,300E5201 Oct 2025Unit 1, 23-23a, Middle Street South, DriffieldShopHolding Over£6,000E37.301 Dec 2022Unit 2, 23-23a, Middle Street South, DriffieldShopCurrent£6,000C26.931 Oct 2025Unit 3, 23-23a, Middle Street South, DriffieldShopCurrent£6,000C33.1207 May 2024Unit 4, 23-23a, Middle Street South, DriffieldShopHolding Over£6,000C42.1713 Oct 2014Unit 1, 77 Middle Street South, DriffieldShopCurrent£10,000C64.129 Oct 2025Unit 2, Brook Street, DriffieldShopHolding Over£2,340D20.601 Dec 2017Unit 3, Brook Street, DriffieldShopCurrent£1,920D11.501 Feb 2024Unit 4-5, Brook Street, DriffieldShopCurrent£3,840C26.2601 Jun 2025Unit 6, Brook Street, DriffieldShopCurrent£2,650C19.8802 Jan 2025Unit 7, Brook Street, DriffieldShopHolding Over£6,120E44.801 Jul 2022Unit 12, Brook Street, DriffieldOfficeCurrent£3,000E29.505 Jan 2026Unit 13, Brook Street, DriffieldOfficeCurrent£4,000E55.301 Jun 2023Unit 14, Brook Street, DriffieldShop/OfficeCurrent£3,500D36.3715 Jan 2024Unit 11, Brook Street, DriffieldOfficeVoid£2,080E22.8 Income SummaryCurrent gross income (£ pa)£90,780Fully let potential income (£ pa)£92,860Vacant unit uplift (£ pa)£2,080

Services

Mains water, drainage, and electricity are connected to all properties; however, none of the services have been tested, and some may require upgrading during development. Purchasers should make their own enquiries in this regard.

Tenure
Freehold and subject to the tenancies detailed above and in the legal pack.

Viewing
Strictly by appointment with the sole agents. Viewing of some of the units might not be possible due to tenant availability.

Council Tax and Business Rates

All flats are listed as being in council tax band A. Business rates are payable by the tenants. Full details of the current business rates are available on the government website :.tax.service.gov.uk/business-rates-find/search

EPC

All of the EPC certificates will be included in the legal pack.

Floor Area Disclaimer

Any floor areas quoted are for guidance purposes only. They have been taken from the Business Rates website or the EPC.

Method of Sale

The property will be offered for sale by online auction with bidding commencing at 12 noon on Monday, 23rd March 2026 and closing on Wednesday, 25th March 2026 at 1.00 pm. For further legal information relating to this lot, please log on to auctionhouse.co.uk/hullandeastyorkshire.

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 online at auctionhouse.co.uk/hullandeastyorkshire before the date of the auction.

Additional Fees

The purchaser will be required to pay an administration charge of 0.3%, subject to a minimum of £900 (£750 plus VAT) and a buyer’s premium of £900 (£750 + VAT) in addition to the purchase price of the property.

Guide Price

Guides are provided as an indication of each seller's minimum expectation. They are not necessarily indicative of the price a property will sell for and may change at any time before 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.

Disbursements

Please refer to the legal pack for any disbursements listed that may become payable by the purchaser upon completion.

Solicitors

Gosschalk Solicitors, Hull. FTAO Julia Madden