Description
- LOT 1 AVAILABLE BY ONLINE AUCTION AT 3PM ON THURSDAY 4TH FEBRUARY 2021.
- Sought after area
- Mixed Commercial and Residential
- Producing a good income
- Surrounded by good local amenities
- Two bedrooms
- Gas central heating
An ideal investment opportunity to purchase this mixed commercial and residential property. The ground and upper ground floor are let on a commercial lease for a period of five years from 2017 on the following terms Year 1: £10,500,Year 2: £11,000, Year 3: £11,500, Year 4: £12,000, Year 5: £12,500, the upper floor is let on an assured shorthold tenancy at a rental income of £750 per calendar month. This gives a total income of £21,000 per annum, which will rise to £21,500 in year 5.
Location Cold Bath Road is a thriving area of Harrogate with a blend of individual retail outlets, so conveniently placed with easy proximity to the town centre.
Tenure Historic leasehold, subject to the existing tenancies.
Energy Performance Certificate Flat - Grade E.
Commercial unit - Grade C.
Services All mains services are connected to the property.
Solicitors Avery Walters Ellis, 27 Harrogate Road, Chapel Allerton, Leeds, LS7 3PB. Tel: 0113 2007480 FAO: Angela Macready.