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28 High Street, Knaresborough, HG5 0EQ

£185,000

£184.08 per sq ft

Business rates & charges may apply

Montpellier Property Consultants Ltd, North Yorkshire
SIZE AVAILABLE

1,005 sq ft

93 sq m

SECTOR

Industrial development for sale

Key features

  • Investment - freehold subject to the occupational lease on the retail
  • Subject to long leasehold interest on residential above
  • Shop (as takeaway) is let on 15 year lease @ £16,500 p.a.
  • Investment price of £195,000 reflects attractive NIY of c.8.28%

Description

Description
The property provides the whole of this end brick built terrace property under a pitched tiled roof. The takeaway on the ground floor comprises a retail sales area and several preparation rooms/storage rooms to the rear of the property. An integral staircase leads to the first floor, providing ancillary staff/storage facilities.

Location
The property is situated in a prominent position at he top end south eastern section of the High Street. It is located opposite the bus station providing a very visible return frontage window display onto the High Street and side street Park Place.
Knaresborough is an historic market town and spa town in the Borough of Harrogate. It is located on the River Nidd 4 miles east of the centre of Harrogate and approximately 15 miles west of York.

Availability_text
The accommodation comprises the following areas:

Occupational Lease
The Chinese Takeaway retail premises are currently let on an effective full repairing and insuring 15 year lease (in a personal name) wef 02/05/15 at a current rent of £16,500 p.a. and with upward only 3 yearly rent review provisions.

Tenure
The freehold of the whole building is available subject to the occupational lease on the ground floor shop and the long leasehold interest (999 years wef 25th October 2019) on the residential flat above at a peppercorn rent. There are shared repairing obligations between the shop tenant and the residential flat above.

Brochures

28 High Street, Knaresborough, HG5 0EQ

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Knaresborough Station0.2 miles
  • Starbeck Station1.6 miles
  • Harrogate Station3.1 miles

About Montpellier Property Consultants Ltd, North Yorkshire

10 Montpellier Street, Harrogate North Yorkshire HG1 2TQ

Montpellier Property Consultants Ltd, North Yorkshire

Based in Harrogate, we are one of the leading commercial property specialists in North Yorkshire, handling commercial property sales, lettings and acquisitions in the Yorkshire region and nationally for private clients. From our offices in the heart of the Montpellier Quarter of Harrogate we provide specialist advice in Agency, Professional Consultancy, Development, Investment and Valuation.

We act for corporate businesses, public quoted companies, property companies, family trusts, bu

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Notes

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Disclaimer - Property reference 190051-1. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Montpellier Property Consultants Ltd, North Yorkshire. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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