Otley Road, Harrogate, HG2 0AG

£425,000

Description An ideal investment opportunity to acquire the freehold of this substantial traditional Victorian terraced house.

The property has been divided into a commercial ground and lower ground floor unit with residential maisonette occupying the upper floors. Both properties are currently let to different tenants. The lease for the ground floor commercial unit runs from 14th October 2016 until 13th October 2021 at an annual rent of £9,500. The residential element is let on assured shorthold tenancy until 1st October 2019 at a rental income of £900 per calendar month and a further 6 month extension has been agreed.

This is an ideal opportunity for instant income from purchase with both sets of tenants looking to stay in the property, and a current income of £20,300 per annum.


In addition to the accommodation listed in the floorplans there is also an enclosed courtyard to the rear.

Tenure Freehold subject to the existing tenancies.

Services All mains services are connected to the building with separate services for the different elements of the building.

Council Tax Band C.

Directions From Station Parade proceed to the traffic lights adjoining York Place, turn right signposted to Leeds and proceed to the Prince of Wales roundabout, go straight over onto the Otley Road where this property will be found towards the top of the hill on the left hand side.

Details Produced 14th May 2019.

Our next auction is on 21 May 2020

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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