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    Key features

    • To be offered on Monday 15 April
    • High Yielding Retail Investment
    • Let to Longstanding Tenant of 20+ Years
    • Producing £12,100 per annum
    • Asset Management Potential
    • 630 sq ft (58.5 sq m)
    • Guide Price Reflects 24.2% Gross Yield
    • No VAT

    Description

    The property comprises a high yielding retail/restaurant investment occupying a high footfall pitch in Harrogate, a historic town popular with tourists.

    Arranged across ground and two upper floors (sold off on a long leasehold basis) the ground floor is let to Golden Star Chinese Takeaway, a popular local business. The tenant has been in occupation for over 20 years with the current lease expiring in July 2025. The current rent is £12,000 per annum.

    The property has a prominent frontage to Bower Street and sits at the edge of the principal retail amenity. The property benefits from high passing footfall due to its position adjacent to one of the only pedestrian crossings of the rail line, which divides the retail amenities of the Town Centre from the residential outskirts.

    Additional information

    Tenure

    Freehold

    Tenancy

    The property is let to a tenant trading as the Golden Star Chinese Takeaway for a term expiring July 2025 and paying £12,000 per annum. The lease is on full repairing and insuring terms.


    The upper parts comprise a single residential maisonette and is let on a long lease with approx. 100 years unexpired and paying a ground rent of £100 per annum.

    Rent

    £12,100 per annum
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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

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      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

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      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Transport

      Harrogate Station - 0.2 miles

      Legal documents

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      EPC rating

      The EPC rating for this property is D

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums