Wetherby Road, Harrogate, HG2 7AA
£415,000

LOCATION
Located on the south side of Harrogate, the town centre is approximately 1.5 miles away, Hornbeam Park and Starbeck railway stations are readily accessible and excellent amenities including supermarkets, local convenience stores, and public house are within the immediate vicinity.

DESCRIPTION
A fantastic opportunity to purchase a mixed use freehold investment opportunity on the Woodlands junction on Wetherby Road in what is a busy prominent position.

The premises consists of three separate income producing elements;
An excellently presented, modern, ground floor retail unit with main open plan retail area and 2 additional rear rooms, currently occupied by 'Tint & Tone' on a 5 year lease from March 2022 at £11,400 per annum with forecourt parking for 2 cars.

With its own dedicated access the first floor above offers a large 1 bedroom apartment currently let on an assured shorthold tenancy at a rent of £600pcm. The specification includes large double bedroom, lounge, kitchen and bathroom benefitting from electric heating throughout. To the rear is a 1 bedroom detached cottage also let on an assured shorthold tenancy at a rent of £600pcm. The specification includes lounge and kitchen to the ground floor, with bedroom and ensuite shower room. Benefits include car port and a rear garden which is shared with the apartment.

The property generates an annual, combined income of £25,800 offering a yield of approximately 6.2% based on the asking price.

Positioned only a short drive from Harrogate Town centre, the property also offers access out of Harrogate and to areas further afield via Wetherby Road.

SERVICES
All mains services are connected to the property with the exception of gas.

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

OUTGOINGS
Rateable Value: £7,200.
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.