Victoria Avenue, Harrogate, HG1 1EL
£750,000

LOCATION
Victoria Avenue is an attractive tree lined road in a highly regarded and prestigious part of Harrogate, close to the town centre and its wide range of local amenities.

DESCRIPTION
We are delighted to offer for sale this substantial stone built commercial property located in the heart of Harrogate on Victoria Avenue, a well known and established location offering a combination of commercial and residential dwellings. The premises offers accommodation over 4 floors, as well as a side annex building and benefits from parking to both the front and rear.

The ground and first floors are sub-divided into numerous office rooms of varying sizes as illustrated in the floorplan overleaf and accessed via a shared entrance and staircase. The building itself is currently partly occupied by commercial office tenants, although the majority of the office rooms are now vacant.

The tenancy schedule is as follows:

Ground floor offices - MAC Architects
Rent: £12,000 Per Annum (Holding over)

First floor offices (inc basement store) - Richard Jackson
Rent: £10,540 (Holding over)

Annexe building - Apex
Rent: £13,500 (Holding over)

Total rent: £36,040

We understand that the tenants leases are holding over and so vacant possession would be possible following the correct legal process.

The property offers numerous value add opportunities and would lend itself to a variety of different purchaser types, ranging from continued commercial use from owner occupation or as an investment, as well as offering an excellent opportunity for residential conversion subject to planning.

SERVICES
All mains services are connected to the property.

TERMS
Freehold.

OUTGOINGS
Rateable Value: TBC.
Uniform Business Rate for 2020/21: £0.512.
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
Strictly by appointment with the agent Tel: 01423 501211.