Description
- Mixed Use Investment Opportunity
- Prime Location
- Flexible Layout for Variety of Uses
- Attractive Frontage
- Combined residential/commercial
An excellent investment opportunity comprising a mixed-use property in a prime position on Station Parade, one of Harrogate’s most established and sought-after commercial locations.
The property includes a ground floor retail unit, currently configured as a hair salon, which has traded successfully for approximately 20 years. The commercial element is currently occupied but vacant possession may be available in due course. There is also a car parking space attached to the commercial unit.
The upper parts comprise three modern, well-presented residential apartments arranged over the first, second and third floors. The accommodation includes two one-bedroom apartments (Flats 1 and 2) and one two-bedroom apartment (Flat 3), all of which are currently let, producing a combined rental income of approximately £32,160 per annum.
This is an ideal opportunity for an investor seeking a property with immediate income and asset management potential, or for an owner-occupier looking to trade from the premises while benefiting from a steady residential income stream.
Tenure: Freehold.
Brief Terms
Terms: The commercial element is currently occupied but vacant possession may be available in due course. The flats will be subject to the tenancies in place as follows:
Flat 1 – £830 pcm Flat 2 – £830 pcm Flat 3 - £1,020 pcm
Rateable Value: £20,500
Uniform Business Rate for 2025/26: 0.546. Further enquiries should be directed to NYCC for any rates related matters or queries. FSS will accept no liability for any changes to business rates.
The council tax band for the residential apartments is Band A.
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.