Station Bridge, Harrogate

£850,000

Description

A rare opportunity to purchase a multi-let and income producing property close to Harrogate Town Centre. The premises offer a mixed use investment including a ground floor retail unit with large basement, first floor office and 3 upper floor apartments. The income schedule is illustrated below however the current total income is £48,840 Per Annum.

The property is currently fully let apart from the first floor Ellis Suite, however it is envisaged that this would offer a sizeable 1 bedroom apartment once converted with a rental potential of approximately £6,600 Per Annum. This would increase the total income to £55,440. There is also scope to modernise the property and it is envisaged that the rental potential of the building could be increased if works were to be undertaken.

Tenure & Property Incomes

The property is available to purchase freehold, with the benefit of the following incomes:

Commercial Incomes:

Ground floor café (including LGF)': £22,080 PA
Hodgson Suite (First floor office): £3,600 PA

Residential Incomes:

Ellis Suite: VACANT (ERV £6,600 PA once converted)
Flat 1: £8,100 PA
Flat 2: £7,200 PA
Flat 3: £6,900 PA
Car Parking income: £960.00 PA

Total when fully let: £55,440 PA

Location and Directions

Station Bridge is centrally located adjoining Station Parade and East Parade with the premises on the right hand side when coming from Station Parade, identifiable via our sign board.

VAT

All figures quoted are deemed exclusive of VAT where applicable.

Services

All mains services are connected to the property.

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.

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.

A rare opportunity to purchase a multi-let and income producing property close to Harrogate Town Centre. The premises offer a mixed use investment including a ground floor retail unit, first floor office and upper floor apartments. The income schedule is illustrated overleaf however the current total income is £48,840 Per Annum.

The property is currently fully let apart from the first floor Ellis Suite, however it is envisaged that this would offer a sizeable 1 bedroom apartment once converted with a rental potential of approximately £6,600 Per Annum. This would increase the total income to £55,440.

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Our next auction is on 6th December 2018

Have you got a property that you would like to sell at Auction?

We are currently taking new instructions

PLEASE CONTACT US FOR MORE DETAILS AND TO ARRANGE A VIEWING

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