Franklin Mount, Harrogate, HG1 5EJ
Asking Price £700,000

• Investment Opportunity
• Substantial Victorian Town House
• Original Features
• Off Street Parking
• Freehold, Subject to The Existing Tenancies
• Mains electricity, water and drainage are connected. Mobile coverage EE Vodafone Three O2 Broadband Basic 29 Mbps Superfast 77 Mbps Ultrafast 1800 Mbps Satellite / Fibre TV Availability BT Sky Virgin

An infrequent and highly attractive investment opportunity to acquire a substantial double fronted Victorian town house, currently arranged into six apartments and enjoying a long-established history as a successful buy-to-let investment.

With potential minimum income of £46,500.00 per annum (6.64% based on guide) when fully let. Currently with 4 apartments let and 2 vacant, the property generates £31,980.00 per annum gross. The property offers considerable scope for rental growth, with current income levels considered to be significantly below prevailing market rents and with potential for refurbishment and reconfiguration presenting investors with an excellent opportunity to enhance returns through modernisation and revised tenancy terms.

The impressive period building retains a wealth of character, original features and presence and offers spacious accommodation throughout. Each apartment provides well-proportioned and thought out living space, appealing to a wide range of tenants and ensuring consistent rental demand.

Of particular note is the extensive basement level, which offers enormous potential for further development, reconfiguration or additional accommodation, subject to the necessary planning permissions and building regulation approvals. This untapped space could provide a substantial uplift in both income and overall asset value. Additionally there is a large rear car park with vehicle access via the rear of Studley Road.

Opportunities of this scale and potential are increasingly rare, particularly with such strong existing income and clear value-add prospects. The property will undoubtedly appeal to seasoned investors, developers and portfolio landlords seeking a sizeable income-producing asset with future development potential and growth.

Offered to the market with the benefit of an established rental history and enormous scope for further growth and improvement, the current occupancy is:

Apt 1. Let on Periodic Tenancy from 8th May 2025 @ £650.00pcm.
Apt 2. Let on Periodic Tenancy from 21st June 2025 @ £595.00pcm.
Apt 3. Let on Periodic Tenancy from 16th Dec 2024 @ £625.00pcm.
Apt 4. Vacant. Last Let at £610.00pcm.
Apt 5. Let on Periodic Tenancy from 25th April 2025 @ £795.00pcm
Apt 6. Vacant. Last let at £600.00pcm.

Tenants are liable for council tax, water, sewage and electricity charges.

Council Tax Band A, for flats 1, 2, 3, 4 and 6.
Band B for Flat 5.

Tenure: Freehold.

Council Tax: Band A.