Commercial property for sale in Cheltenham Parade, Harrogate HG1

Offers over £355,000 (£242.49/sq. ft)
Commercial property for sale 1,464 sq. ft*
Interested in this property? Call +44 113 482 9838 * or Request Details

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Property features

  • Mixed use commercial / residential Investment
  • Prominent location in Harrogate
  • Total Income - £27,300 pa
  • Re-development opportunity
  • Available on request.

Property description

The property comprises a mixed-use commercial and residential investment opportunity with accommodation configured as follows:

Ground Floor - Retail shop premises Let to Milk & Honey of Harrogate Ltd.

The premises comprise ground floor retail space accessed off Cheltenham Parade with two main sales areas situated to the front and rear of the property. To the rear, there is a small store area and WC.

The tenant occupies the adjoining property and has undertaken works to create a larger interconnected retail space. The works are subject to reinstatement should the tenant vacate.

The current lease is dated 24th June 2015 and the tenant is currently holding over. The rent passing under the lease equates to £9,700 per annum. As a result of covid a short term rent reduction has been agreed with the tenant reflecting a rent passing of £550 per month.

Lower Ground Floor/Basement - Workshop/garage premises Let to B spoke Upholstery.

The lower ground basement/garage is accessed from Back Granville Road. The unit comprises basement storage space with small WC.

The tenant is holding over with the existing lease having expired 30th November 2018. The rent passing equates to £5,000 per annum.

First Floor:

Residential flat Let on an AST until 23rd August 2020. The tenant is currently holding over and the rent passing equates to £525per month (£6,300 pa)

Second Floor:

Residential flat Let on an AST until 27th February 2021. The rent passing equates to £525per month (£6,300 pa)

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Carter Jonas Commercial, LS1 on +44 113 482 9838 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Carter Jonas Commercial, and do not constitute property particulars. Please contact Carter Jonas Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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