Commercial property for sale in Mount Parade, Harrogate HG1

Key Points

Description

The premises comprise the whole of a semi-detached, four storey building which spans between the two streets of Mount Parade and Commercial Street. The property comprises a retail shop occupied by The Cheeseboard and The Retro Club on the lgf from Commercial Street. The property also provides offices from Mount Parade and above The Cheeseboard Shop. In our opinion this could be suitable for continued office use (following a series of refurbishment works or residential STPP).

Location

The property is situated on Commercial Street and Mount Parade close to Station Parade and its intersection with Beulah Street.

Availability_Text

The accommodation comprises the following areas:

Occupational Leases & Tenure

The Cheeseboard are long standing tenants, holding over for many years at a rental of £6,000 p.a. The Retro Club have also been holding over for some time at a rental of £7,200 p.a. The property is to be sold freehold with vacant possession of the offices (separate access) and the existing holding over leases to The Cheeseboard and The Retro Club.

Asset Management Opportunities

There is scope to re-new the leases on the retail and re-balance the rents upwards to achieve higher rents in line with other shops on the street. The former office premises provide potential to be refurbished, upgraded, and occupied as offices or converted into residential STPP.