Retail premises for sale in Kings Road, Harrogate HG1

Key Points

Description

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.