Cheltenham Mount, Harrogate, HG1 1BL
Guide Price: £0

LOCATION
The buildings form undoubtedly one of Harrogate‘s landmark properties particularly due to the prominent restaurant which is located on the ground floor. This forms one of the main approaches to the town.

DESCRIPTION
A rare opportunity to acquire a landmark corner of freehold property. The property comprises of a mixed use commercial and residential investment opportunity. The properties are all let and divided into a restaurant on the ground and lower ground floors with apartments above let on assured short hold tenancies. There is planning approval for an extension to enlarge the existing accommodation further. The current square footage is approximately 8,000 sq. ft. The current total income is £115,800 per annum, which based upon the guide price represents a 10% return.

EPC's
Unit 16 - Grade C.

Solicitors
Newtons Solicitors, St James Business Park 5 Grimbald Crag Court, Knaresborough, HG5 8QB. Tel: 01423 789147 FAO: Sophie Barton

SERVICES
All mains services are connected to the property.

TERMS
Freehold. The property is for sale freehold, subject to the existing lease and assured shorthold tenancies.

OUTGOINGS
Rateable Value: TBC.
Uniform Business Rate for 2020/21: £0.512.
Due to transitional relief provisions, the rates payable may have no relation to the rateable value. Interested parties are advised to check with the Local Rating Authority as the current rates liability.
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.