Grimbald Crag Close, Knaresborough, HG5 8PJ
£600,000

Unit 5 Stoneacre comprises a modern, purpose-built hybrid warehouse investment extending to approximately 4,600 sq ft, prominently positioned within the popular St James Business Park in Knaresborough. The property has been extensively fitted out to a high specification as a contemporary gym facility, incorporating open-plan training areas, dedicated fitness studios, treatment rooms and ancillary welfare accommodation across ground, mezzanine and first floor levels.

The property occupies a highly accessible location immediately adjacent to the A59, providing excellent connectivity between Harrogate, Knaresborough and Junction 47 of the A1(M), located approximately 3 miles to the east. St James Business Park is an established commercial destination benefitting from nearby retail and leisure amenities, whilst the unit itself further benefits from 9 dedicated car parking spaces within a secure estate environment.

The investment is fully let to PRIMEFITNESS 2.0 Limited on a new 5-year lease expiring March 2031, producing a passing rent of £52,500 per annum. Primefitness is an established gym operator with a strong local membership base, and the property has undergone significant investment to create a high-quality fit-out throughout, offering an attractive single-let investment opportunity in a sought-after North Yorkshire business location.

Tenure: Freehold.

Brief Terms

Tenure
Freehold with the benefit of the exising tenant in place.

Business Rates
Rateable Value:
For the 2026/27 rating year, business rates are calculated using a tiered multiplier system. For properties with a Rateable Value below £51,000, multipliers range from approximately 38.2p for qualifying Retail, Hospitality and Leisure uses to 43.2p for other property types, subject to eligibility.
Small business rate relief may also be available.
Interested parties should make their own enquiries with North Yorkshire Council to confirm the exact rates payable. FSS accepts no liability for any changes to business rates or the accuracy of this information.

VAT
The property is elected for VAT.

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.

Services
All mains services are connected to the property.

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