Park Parade, Harrogate

Offers over £375,000
2,255 sq. ft.

Description

Harrogate is an attractive Victorian Spa town located 16 miles north of Leeds and 21 miles west of York. It is an affluent town that acts as a commuter town for people working in Leeds and Bradford as well as being a popular shopping and tourist destination. It is famous for its tea rooms, antiques shops, Turkish Baths and flower shops. The Harrogate International Conference Centre is also an important draw to the town.

A rare opportunity to purchase this impressive income producing retail investment that is located in the highly sought after area of Harrogate being situated adjoining part of the 200 acre Harrogate Stray, with views towards Christ Church and within a short walk of the town centre.

The subject retail unit forms part of a three storey Grade II listed building of stone and brick construction under a pitched slate roof. The shop front is wooden with ornate paired pillars and an entablature with bracketed cornice which are synonymous with classical architecture.

Location

From Harroagte proceed along North Park Road. As you approach the Stray Parkland turn left onto Coach Road. Continue straight ahead and at the junction with Skipton Road turn left and then immediately left. Proceed along Park Parade where the property will be found on the right hand side.

Tenure

The ground floor retail unit is let to The Harrogate Wedding Lounge Ltd for a term of 10 years that commenced 17th November 2014 at a passing rent of £25,000 pax on an FRI basis subject to a tenant option to break at the expiry of the 5th year of the term or an upwards only rent review if the break is not triggered.

The ground floor retail unit is held long leasehold for a term of 999 years that commenced on 26th October 1983 with 966 years unexpired.

There is a maintenance charge due under the terms of the superior lease and details of this can be provided upon request.

Rateable Value

Rateable Value: £10,250
Uniform Business Rate for 2017/18 £0.479.
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.

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.

Services

All mains services are connected to the property.

BUSINESS UNAFFECTED.

A rare opportunity to purchase this impressive income producing retail investment that is located in the highly sought after area of Harrogate being situated adjoining part of the 200 acre Harrogate Stray, with views towards Christ Church and within a short walk of the town centre.

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Our next auction is on 6th December 2018

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