End Terrace For Sale

Regent Parade, HG1 5AZ
Guide Price £220,000

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01423 501211

A mixed use, fully let investment property comprising a ground and lower ground floor commercial premises and a first and second floor, one bedroom maisonette. The property generates a gross annual income of £17,430 thus delivering a 7.88% gross annual yield based on the guide price.

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Description

The shop has been let for 5 years to the current tenant, (Phase 4 Computers) the lease expired in December 2023 and we have been advised the tenant would like to extend the tenancy for a further three year term and that a rent review opportunity is available. The property has been well maintained, is constructed of stone with a stone flagged roof and has is a single off-street parking space to the rear. Tenure: Freehold, subject to existing tenancies. Phase 4 computer repair shop rental £9540.00 per annum (5 year lease expired December 2023, tenant have expressed a wish to renew for a further minimum three year term). Internal and insuring lease and shared cost of external repairs. 1st and 2nd floor maisonette; An AST to the 27th August 2024 at £650.00 pcm, £7800.00 per annum. Taylor Fawcett, 14 Albert Street, Harrogate, HG1 1JT. Tel: 01423 538111 FAO: Kim Stockburn.