House for sale

Overview

INVESTMENT PROPERTY FOR SALE IN OUR ONLINE AUCTION ON 14TH MARCH 2024 AT 3PM - LOT 4 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.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: FAO: Kim Stockburn.This semi-detached property is located within a bustling neighbourhood, served by a wide variety of niche and independent businesses, it is also close to Harrogate's famous Stray and within access of the town centre and is served by a free on street disc parking, thus providing good footfall turnover. From Station Parade in the town centre turn right over Station Bridge. At the roundabout in front of The Odeon take 1st exit onto East Parade. Continue along East Parade following the right hand bend. At the traffic lights turn immediately left onto Regent Parade. Separate mains gas and electricity are connected to the shop and maisonette and both properties have gas central heating. For more details and to contact: https://realtyww.info/houses_harrogate-d196357/for-sale_i69029813

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