Description
LOT 1 - AVAILABLE IN OUR ONLINE AUCTION ON 30TH JUNE AT 3PM.
Description A substantial stone fronted mid terrace property which is currently arranged as two apartments. Both apartments are currently let on assured shorthold tenancies with the ground floor producing a rental income of £600 per calendar month with a new tenancy running from 19th February 2022 for a six month term. The first floor flat is currently let on a 12 month term from September 2021, with the tenants being in place since May 2014 with a current rental income of £545 per calendar month. This gives a total income of £13,740 per annum. This offers a 7% return based upon the guide price with the potential to increase the income as the cellar and second floor are completely unused or developed. In addition to the accommodation there is a large Tarmacadam yard to the rear.
Location Chatsworth Road is situated to the rear of Kings Road which supports an excellent range of amenities catering for most daily needs. The town centre of Harrogate is within walking distance offering a range of fashionable shops bars and restaurants.
Tenure Freehold subject to the existing Assured Shorthold Tenancies.
Energy Performance Certificate Flat 1 - Grade D.
Flat 2 - Grade D.
Services All mains services are connected to the building.
Solicitors Powell Eddison, Raglan House, Raglan Street, Harrogate, HG1 1LE. Tel: 01423 564551 FAO: Elaine Tottie.
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01423 501211