Flat for sale in Valley Park Studios, 79 Valley Drive, Harrogate, North Yorkshire HG2

The property, which was completely stripped back and practically rebuilt in 2011, was designed and traded successfully as luxury serviced apartments until recently and is now fully let on assured shorthold tenancies, currently returning £63,000 per annum.

Previously as serviced apartments the property was returning circa £175,000 per annum, however, a change in circumstances meant our client reverted to long term lets.

This high specification property can be purchased fully furnished with all tenancies in place for an immediate return on the investment with the option of returning the property to serviced apartments/holiday lets (giving two months notice) for a higher yield if desired.

Situated in a highly convenient location the property is within walking distance to Harrogate town centre as well as local shops, bars, cafés and restaurants on Montpellier Hill and Cold Bath Road. For the commuter, there is easy access to the North and West Yorkshire business centres including Leeds, Bradford and York. Mainline railway stations in both Leeds and York (connections are available from the station in central Harrogate) provide Intercity services to London’s Kings Cross and Leeds/Bradford International Airport is within a 30 minute drive.

The property is being offered for sale as a whole with all furniture and with the tenants in situ. Each tenancy agreement has a two month notice period written into the contract.