Skipton Road, Harrogate, HG1 4LF
£495,000

Introducing a prime opportunity on Skipton Road one of Harrogate's busiest secondary through roads. This substantial end terraced mixed-use property boasts a versatile layout ideal for investors and/or entrepreneurs.

The ground floor, previously housing a long-established optician, features an expansive open-plan front area with potential for reconfiguration, courtesy of stud walls dividing rear rooms. The specification includes LED lighting, predominantly carpeted floors and neutral decor.

The first floor encompasses two spacious apartments, accessible via a dedicated side door. Apartment B showcases a generous 2-bedroom layout, while the rear apartment offers a sizable 1-bedroom space, both ripe for cosmetic enhancements to maximize rental returns. Recent upgrades include new gas central heating boilers to both apartments.

Both flats are tenanted offering the following income:

Apartment B - £615.00 per calendar month
Apartment C - £605.00 per calendar month

Additionally, the property offers ample forecourt parking for up to 4 vehicles, further enhancing its appeal.

Planning permission to convert the building from retail to flats to include two flats on the ground floor in addition to the two flats on the first floor was previously granted. The extensive loft space could also be further developed, subject to the necessary planning consents.

Don't miss this chance to capitalize on a versatile property with substantial income potential and potential scope for further development.

Brief Terms

Terms: Freehold. The property is available to purchase freehold, subject to the existing tenancies.

Rateable Value: £13,750.
Uniform Business Rate for 2024/25: 0.546. Small business rate relief may be available to some occupiers. 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.

VAT: There is no VAT payable.

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. Planning permission to convert the building from retail to flats to include two flats on the ground floor in addition to the two flats on the first floor was previously granted. The extensive loft space could also be further developed, subject to the necessary planning consents.

Viewing: If you would like to view this property, please contact FSS on 01423 501211 and we will be pleased to make an appointment.