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.

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 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

Latest News Articles
Harrogate Semi Exceeds Auction Guide Price by £57K

Harrogate Semi Exceeds Auction Guide Price by £57K

A three bedroom semi in Bilton, Harrogate, has sold at auction for £57K above the guide price. ...
Read More

“We all got along so well… and still do!” Memories from our first auction co-ordinator

“We all got along so well… and still do!” Memories from our first auction co-ordinator

Margaret Hammond (pictured far left) was one of the first employees of Feather Smailes Scales back in...
Read More

Gazumping is back – we tell you how to avoid it

Gazumping is back – we tell you how to avoid it

According to TV property guru Phil Spencer, gazumping has returned to the UK housing market, with up to...
Read More

Town meets country at July property auction

Town meets country at July property auction

Harrogate’s July property auction will feature town centre and countryside properties right across...
Read More

01423 501 211 follow us on Twitter follow us on Facebook follow us on Linkedin follow us on Instagram