Cheltenham Crescent, Harrogate

Offers in excess of £495,000
2,816 sq. ft.

Description

A rare opportunity to purchase a substantial freehold building situated in Harrogate town centre. The property offers a large ground floor retail unit including basement stores. Furthermore, upstairs is a large 3-4 bedroom maisonette flat having the benefit of its own dedicated entrance offering accommodation of the highest order.
The property itself offers an ideal investment opportunity.

Ground floor shop

The ground floor retail unit is double fronted and occupies a prominent location on Cheltenham Crescent. Fully redeveloped in 2012 the premises were fully re-wired and have a new heating system. Internally the unit is predominantly open plan and is decorated to a high specification throughout. The property also benefits from a large basement. The unit is currently let to a dry cleaning business. The lease was signed for a period of 10 years from 15 February 2018, on Fully Repairing and Insuring Terms.

Maisonette Apartment

To the first and second floors is a superb Maisonette apartment which has its own dedicated entrance from the ground floor. The first floor comprises a bright and airy living room with a large bay window and a separate study both located at the front of the property. To the rear of the building is a modern kitchen with granite worktops, there is also room for a dining tableThe first floor also benefits from a modern bathroom and a separate Dining room or third bedroom. The second floor offers two good sized bedrooms together with a shower room. The apartment is let on a 12 month tenancy which commenced on 29th march 2018.

Location

The premises are located in a prominent position on Cheltenham Crescent in Harrogate Town Centre, within a short walk away from the bus/train stations as well as the main retail quarter.

Rent

Rental income and yield available on request.

Tenure

The premises are available to buy freehold subject to the existing tenancies.

VAT

All figures quoted are deemed exclusive of VAT where applicable.

Rates

Rateable value: £20,500 - Uniform Business Rate for 2018/19 £0.493.
Council Tax Band C

Services

It is understood all main services are made up and connected to the property. Both the commercial residential have their own separate supply.

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.

Viewing

Strictly by appointment with the agent Tel: 01423 501211.

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Our next auction is on 6th December 2018

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