14 High Street, Starbeck, Harrogate

£325,000
Mixed Use Investment Opportunity on High Street in Starbeck
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  • Ref: 189110
  • Type: Investment
  • Availability: Under Offer
2,175 sq.ft.

Property Features

  • Ground Floor Retail Sales
  • Ancillary Staff and Storage faciities to the rear
  • Self-contained three bed apartment on upper floors
  • Close to Train Station and adjacent to Prospect Park
  • £325,000 freehold subject to AST and occupational lease on retail

Full Details

The property provides an open plan retail sales area together with ancillary staff and storage facilities to the rear of the property. In addition, there is a functional additional room in the basement. There is separate access to the front of the property to a self-contained three bedroomed apartment over two floors.

Location
The property is located on the High Street in Starbeck on the main A59 Harrogate Knaresborough road, approximately 2 miles east of Harrogate town centre. The property is situated within the parade close to the train station and adjacent to Prospect Park. Harrogate is located approximately 17 miles north of Leeds, 24 miles west of York, 11 miles west of the A1(M) and 9 miles from Leeds/Bradford airport.

Terms
The property is to be sold freehold subject to the Assured Shorthold Tenancy on the apartment and subject to the occupational lease on the retail unit. The tenancy has been in occupation since 2015. The retail unit is currently let to an individual on an effective 7 year FRI lease at a rental of £15,000 p.a. wef 21/8/22. The AST rental is £1,010 p.c.m (£12,120p.a.) The total income therefore is £27,120 p.a

Planning
Planning permission was granted for a two storey and single storey extension to the rear of the property extending the sales area. Application No 6.79.5262.D.FUL. This has now lapsed but could be re-submitted if required.

Available Area

Name/Floorsq.ft.Sq MPriceAvailability
Ground Floor Retail51547.85On ApplicationAvailable
lg Floor Storage28026.01On ApplicationAvailable
1st Floor Flat61757.32On ApplicationAvailable
2nd Floor 3 bed flat43440.32On ApplicationAvailable
Total1,846171.50