Cold Bath Road, Harrogate, HG2 ONL

£575,000

LOCATION
The subject premises are located in a prominent location at the bottom end of Cold Bath Road, close to the Montpellier quarter of Harrogate and Harrogate Town Centre. In close proximity are a number of well established and locally renowned amenities including, William & Victoria Restaurant, La Feria, The Drum & Monkey and close by are Betty's Tea rooms.

DESCRIPTION
A rare opportunity to purchase a substantial mixed-use investment opportunity on the prestigious Cold Bath Road of Harrogate, located close to Harrogate Town Centre in what is widely known as a premium location consisting of both commercial and residential properties.

The subject premises includes 2 large mid terrace properties, which consist of 2 retail units. The first has recently been vacated by Mama Doreen’s Emporium and the other is occupied by Chic Cheveux hair salon. A large basement also runs underneath the properties.

The upper floors currently offer bedsits with 5 bedrooms, 2 kitchens and a living room. Two of the bedsits are currently occupied with 2 months’ notice required to obtain vacant possession. The rest are empty offering flexibility to potential purchasers. The property is generally in good condition, although the upper floors do offer a significant value add opportunity.

Accommodation Schedule:

Ground floor/Basement, 31-33 Cold Bath Road: VACANT

Ground floor shop, 35-37 Cold Bath Road: LET on a rolling lease

Bedsit 1: VACANT

Bedsit 2: VACANT

Bedsit 3: LET

Bedsit 4: LET

Bedsit 5: VACANT

SERVICES
All mains services are connected to the property.

TERMS
The property is available to purchase freehold with the benefit of the existing tenancies in place, or with vacant possession by negotiation.

OUTGOINGS
Rateable Value: TBC.
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.

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 5 March 2020

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

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PLEASE CONTACT US FOR MORE DETAILS AND TO ARRANGE A VIEWING

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