Commercial

198 RIPON ROAD, HARROGATE HG1 2BY

2 Beds  |  Commercial Property

£240,000

Photo of 198 RIPON ROAD, HARROGATE HG1 2BY
Photo of 198 RIPON ROAD, HARROGATE HG1 2BY
Photo of 198 RIPON ROAD, HARROGATE HG1 2BY
Photo of 198 RIPON ROAD, HARROGATE HG1 2BY

Typical monthly mortgage repayment with Mortgage Advice Bureau: £749.50

About The Property

FOR SALE BY MODERN METHOD OF AUCTION. FREEHOLD - RETAIL AND RESIDENTIAL INVESTMENT OPPORTUNITY IN A PROMINENT HARROGATE LOCATION

Key Features

  • PROMINENT LOCATION
  • TWO RETAIL UNITS (ONE VACANT) 754SQFT
  • SELF CONTAINED 2 BED FLAT (VACANT)
  • USE CLASSES ORDERS A1 & A5
  • LET UNIT PRODUCING £15,080 P.A
  • FREEHOLD FOR SALE
  • INVESTMENT OPPORTUNITY

Location
The site is located on the A61 Ripon Road, within a busy mixed use area of commercial and residential. The property benefits from both passing traffic and a well established residential population. The A61 is the main road into Harrogate, an extremely popular town in North Yorkshire. The town centre is less than 1 mile from the premises.
Close to the premises is a plethora of commercial outlets and showrooms including Halfords, Magnet, GC Motors and Stonehouse Fireplaces. Densely populated residential areas are also close by.
With excellent transport links provided by the A61 York Road, the A1(M) is just 8.5 miles away giving access to the national motorway network. Leeds/Bradford airport is a mere 13 Miles away.
Description
The opportunity currently comprises:
· Unit 1. 415 sqft of vacant retail unit suitable for A1 use under the Use Classes Order and in need of refurbishment.
· Unit 2. 339sqft takeaway (A5 Use Class) currently let at £15,080 p.a. on a 10 year lease commencing 2016 with rent review on a 5 year basis. The premises are let on a full repairing and insuring lease basis.
· First floor two bedroom apartment with separate access totalling approx. 600 sqft
And includes Living/Kitchen area, 2 bedrooms and a bathroom in need of some refurbishment.
There is provision for roadside parking to the front of the property.
Tenure
The property is available to purchase on a freehold basis, subject to the current tenancy agreement. Offers in the region of £275,000 are invited for consideration.
Services

All mains services including gas, electric, water and broadband fibre are believed to be connected on this site; however, interested parties are to make their own enquiries and satisfy themselves before entering a contract to purchase.
VAT
The vendor has elected to charge VAT.
Rateable Value
We are informed that Rateable value is:
Unit 1. £8,700
Unit 2. £4,500
Uniform Business Rate for 2017/18: £0.479

Plans, areas and measurements
All plans used in these particulars are for identification purposes only. All boundaries, dimensions and areas are approximate and subject to verification in the title documents.
Costs
Unless expressly stated all parties will be responsible for their own legal costs in connection with this transaction.
Viewing
Please contact Greg Smallwood in our Land and New Homes department on 07802 249875 or email at Greg@linleyandsimpson.co.uk for further details or to arrange viewing. The building can be seen directly from Ripon Road.

Photos

FOR SALE BY MODERN METHOD OF AUCTION. FREEHOLD - RETAIL AND RESIDENTIAL INVESTMENT OPPORTUNITY IN A PROMINENT HARROGATE LOCATION

Photo of 198 RIPON ROAD, HARROGATE HG1 2BY
Photo of 198 RIPON ROAD, HARROGATE HG1 2BY
Photo of 198 RIPON ROAD, HARROGATE HG1 2BY
Photo of 198 RIPON ROAD, HARROGATE HG1 2BY
Photo of 198 RIPON ROAD, HARROGATE HG1 2BY
Photo of 198 RIPON ROAD, HARROGATE HG1 2BY
Photo of 198 RIPON ROAD, HARROGATE HG1 2BY
Photo of 198 RIPON ROAD, HARROGATE HG1 2BY

Location

Map of location

Local Information

Interested in this property?

Call our Harrogate office:
01423 540054

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Association of Residential Letting Agents
On the Market January 2015
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