154 Kings Road, Harrogate

£175,000
Retail premises on established Kings Road close to Harrogate Town Centre
  • Make Enquiry
  • Ref: 24891
  • Type: Investment, Retail
  • Availability: Under Offer
826 sq.ft.

Property Features

  • Investment - freehold available subject to occupational lease on retail (pharmacy)
  • Long leasehold on residential above
  • Retail Total NIA excl basement storage : 826 sq.ft.(76.74 sq.m.)

Full Details

The property is situated within a parade of shops on the Kings Road which links the A61 Ripon Road to the west and the A59 to the east of Harrogate Town Centre.

The property comprises the ground floor and basement of a mid-terrace, three storey building under a pitched tiled roof with ground floor open plan retail accommodation and ancillary office/staff facilities to the rear of the property. The self-contained three bedroom flat is available as a separate listing.

Location
Harrogate is located approximately 17 miles north of Leeds, 21 miles west of York, 11 miles west of the A1(M) and 9 miles from Leeds/Bradford airport.

Harrogate is one of the largest commercial centres in North Yorkshire and is one of the leading conference and exhibition centres in the north of England.

Occupational Lease
The ground floor retail premises are currently let out on a 10 year lease at £15,000 wef 18/01/23. There is a tenant only break clause at the end of year 5 (18/01/2028).

Tenure
The freehold of the whole building is available subject to the occupational lease on the ground floor shop let to a Pharmacy Practice (formerly Lloyds) and the long leasehold interest on the residential flat above.

VAT
We understand the property is not elected for VAT and so VAT will not be applicable on the rent.

Available Area

Name/Floorsq.ft.Sq MPriceAvailability
basement Storage42639.58On ApplicationAvailable
Ground Floor Sales44441.25On ApplicationAvailable
Ground Ancillary38235.49On ApplicationAvailable
Total1,252116.31