A1 - High Street Sold STC

Station Parade, Harrogate, HG1 1UE
£375,000

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01423 501211

Freehold investment opportunity generating £28,000 PA
Yield of 7% based on asking price
Commercial building over three floors
Prominently located in prime retail area

Description

* Freehold investment opportunity generating £28,000 PA * Yield of 7% based on asking price * Commercial building over three floors * Prominently located in prime retail area

LOCATION
Within the heart of Harrogate the property is located on Station Parade at the heart of Harrogate town centre and in close proximity to the Stray. The property is within level walking distance of the town's shops, offices, bars and restaurants. The bus and rail stations are close at hand affording good commuter links to Leeds, York, Ripon and beyond. The nearest local shopping amenity, Waitrose, is within 100m.

DESCRIPTION
An exciting opportunity to purchase this substantial, stone built, mid terraced commercial property currently occupied by the ever popular 'Up & Running' on a new 10 year FRI lease, generating an income of £28,000 per annum therefore presenting itself as an ideal investment opportunity with a yield of 7% based on the asking price.

The property comprises of; predominantly open plan retail space on the ground floor with accompanying storage room, under stairs storage and fitting room. To the first floor are open plan offices and the second floor are further partitioned offices, a kitchenette and a WC facility. Externally there is a small rear yard.

The property is situated in the very heart of the Harrogate town centre in a busy, thriving shopping parade within minutes walk of the railway station.

SERVICES
All mains services are connected to the property.

TERMS
Freehold. The property is for sale freehold subject to the existing tenancy.

OUTGOINGS
Rateable Value: £13,500.
Uniform Business Rate for 2022/23: £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
If you would like to view this property, please contact FSS on 01423 501211 and we will be pleased to make an appointment.

Floorplan for Station Parade, Harrogate, HG1 1UE

EPC Graph for Station Parade, Harrogate, HG1 1UE