Station Bridge, Harrogate, HG1 1SS

£850,000

LOCATION
Station Bridge is centrally located adjoining Station Parade and East Parade with the premises on the right hand side when coming from Station Parade, identifiable via our sign board.

DESCRIPTION
A rare opportunity to purchase a multi-let and income producing property close to Harrogate Town Centre. The premises offer a mixed use investment including a ground floor retail unit, first floor office and upper floor apartments. The income schedule is illustrated overleaf however the current total income is £48,840 Per Annum.

The property is currently fully let apart from the first floor Ellis Suite, however it is envisaged that this would offer a sizeable 1 bedroom apartment once converted with a rental potential of approximately £6,600 Per Annum. This would increase the total income to £55,440.

SERVICES
All mains services are connected to the property.

TERMS
The property is available to purchase freehold, with the benefit of the following incomes:
Ground floor café (including LGF): £22,080 PA
Hodgson Suite (1st floor office): £3,600 PA
Ellis Suite: VACANT (ERV £6,600 PA once converted)
Flat 1: £8,100 PA
Flat 2: £7,200 PA
Flat 3: £6,900 PA
Car Parking income: £960.00 PA

Total when fully let: £55,440 PA

OUTGOINGS
Uniform Business Rate for 2018/19: £0.480.
Small business rate relief may be available to some occupiers. Further enquiries should be directed to HBC 01423 500600.

VAT
All figures quoted are deemed exclusive of VAT where applicable.

LEGAL COSTS
Unless expressly stated all parties will be responsible for their own legal costs in connection with this transaction.

PARKING NOTES
Designated car park at the rear of the property

PLANNING
Interested parties are advised to make their own enquiries of the local planning authority in respect of planning proposals if any change of use is envisaged.

VIEWING
If you would like to view this property, please contact FSS on 01423 501211 and we will be pleased to make an appointment.

Our next auction is on 1st October 2019

Have you got a property that you would like to sell at Auction?

We are currently taking new instructions

PLEASE CONTACT US FOR MORE DETAILS AND TO ARRANGE A VIEWING

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