Property photos
Freehold
£675,000
(£186.88/sq. ft)
Property for sale
Mount Parade, Harrogate HG13,612 sq. ft
Local area information
Property location
Nearby amenities
- Harrogate 0.2 miles
- St Peter's Church of England Primary School 0.4 miles
- Western Primary School 0.4 miles
- Hornbeam Park 1.2 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Harrogate to find out more about the local area.
Features and description
- Freehold
Key Points
Investment opportunity in Harrogate Town Centre Asset Management and Rental Growth Opportunities 2 Retail Outlets let producing £13,200 p.a. Offices to be sold with vp - suitable for Residential Development STPP
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.
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.
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.
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.
Floor plans and tours
Floor plans (4)
4 floor plans available
View the floor plans to understand the space and layout of this property.
More information
Listed by
Montpellier Property
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