FOR SALE ASSET MANAGEMENT OPPORTUNITY

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Clyde Stanley
5 years ago
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FOR SALE ASSET MANAGEMENT OPPORTUNITY 34, 34A & 34B High, Harrogate, HG2 7JE Mixed use investment

44 sq m) Income producing CONTACT US Viewing is strictly by prior appointment with Colliers

com Faye Nelson Corporate Restructuring +44 113 200 1851 Faye.Nelson@colliers.

1 FOR SALE ASSET MANAGEMENT OPPORTUNITY 34, 34A & 34B High, Harrogate, HG2 7JE Mixed use investment Asset management opportunity Prominent roadside location 3,265 sq ft ( sq m) Income producing CONTACT US Viewing is strictly by prior appointment with Colliers International, through: Ross Firth Corporate Restructuring Faye Nelson Corporate Restructuring Property Ref: Asking Price 425,000 Colliers International 1 Broad Gate The Headrow Leeds, LS1 8EQ

2 LOCATION The property is located in Starbeck, fronting High Street (A59), with return frontage onto Spa Lane. Starbeck is located approximately 2 miles East of Harrogate and approximately 2 miles West of Knaresborough. High Street (A59) is the main arterial route linking Harrogate to Knaresborough. Surrounding occupiers include; William Hill bookmakers, KFC, McColl s, Co-Operative Food, Lloyds Pharmacy, Pizza Hut and Age UK. The subject property is located on the southern side of High Street, adjacent to Starbeck train station and level crossing, with frequent services to Harrogate, Leeds and York. DESCRIPTION The property comprises an end of terrace ground floor retail unit and three flats at first and second floors, being of traditional brick construction surmounted by a pitched, clay tiled roof. The retail frontage benefits from three single glazed display windows. A more recent ground floor extension has integrated part of the rear yard into a continuation of the retail space. Internally the retail space is split by the staircase leading to number 34A, the upper floors. The unit exhibits a mixture of tile, carpet and laminate floor covering, plastered and painted walls, tiled ceiling and florescent tube strip lighting. Beyond the retail space is a small office, cloak room/staff room facility and a separate WC. The residential accommodation is accessed via a separate entrance fronting High Street (34A). A staircase leads to three self-contained flats; two at first floor and one at second floor. Each flat offers bedroom, bathroom, living room, kitchen and benefits from, gas fired central heating, part UPVC double glazed and part single glazed wooden framed window units. Flat 3 requires a scheme of modernisation work. Restricted on street parking is available directly to the front of the property on High Street and Spa Lane to the rear. FLOOR AREAS The accommodation extends to approximately 3,265 sq ft ( sq m) as measured in accordance with the RICS Code of Measuring Practice 6th Edition: Property Size Sq Ft Size Sq M 34 & 34B High Street, 2, Starbeck Flat 1, 34A High Flat 2, 34A High Flat 3, 34A High Total 3, TENURE Freehold Identified being outlined in red and labelled A on the attached plan. The area outlined in blue and labelled B does not form part of the Freehold title offered for sale. PRICE Offers are invited for the Freehold interest: Asking Price 425,000. TENANCIES Flats 1 and 2 are subject to tenancy agreements, these are summarised below: Flat 1, 34A High Street: We have seen a copy of an Assured Shorthold Tenancy agreement dated 24/10/2009. The agreement is for 12 months and we understand the Tenant is currently holding over. The rent passing is 450 per calendar month. Flat 2, 34A High Street: We have seen a copy of an Assured Shorthold Tenancy agreement dated 01/01/2008. The agreement is for 12 months

3 and we understand the Tenant is currently holding over. The rent passing is 445 per calendar month. RATEABLE VALUE We understand the property is listed on the 2010 Valuation List as follows: Property Description Rateable Value 34 & 34B High Street, Starbeck Shop & Premises 19,500 PLANNING The property may suit alternative uses, subject to the necessary planning consents. Interested parties are advised to make their own enquiries in this regard. Enquiries regarding planning matters should be directed to the Planning department of Harrogate Borough Council on: SERVICES It is understood that mains water, gas, electricity and drainage, service the site. It will be the responsibility of the purchaser to ensure that the services are available and suitable for any future intended use of the property. VAT VAT, if applicable will be payable in addition to the purchase price. LEGAL COSTS Each party is to bear their own legal costs in connection with the sale. EPC 34 & 34B, High Street - EPC Rating D 78 Flat 1, 34A High Street - EPC Rating D 67 Flat 2, 34A High Street - EPC Rating E 50 Flat 3, 34A High Street - EPC Rating D 55 VIEWING Viewing is strictly by prior appointment with Colliers International. The Receivers are acting as agents of the Seller and shall have no personal liability under or in connection with any document/information herein enclosed nor in relation to any related matter or claim howsoever, whenever and wherever arising and whether such claim be formulated in contract or tort or both or by reference to any other remedy or right and in whatever jurisdiction or forum in respect of the Property. SUBJECT TO CONTRACT SEPTEMBER 2015

4 Note - Plans are for identification purposes only and are not to scale.

5 Misrepresentation Act Colliers International gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers, or lessees or Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Colliers International has any authority to make any representation or warranty whatsoever in relation to this property. 21/09/2015. Colliers International is the licensed trading name of Colliers International Property Consultants Limited. Company registered in England & Wales no Registered office: 50 George Street, London W1U 7GA

FOR SALE MIXED USE INVESTMENT OPPORTUNITY

FOR SALE MIXED USE INVESTMENT OPPORTUNITY CONTACT US Regent Thirsk, North Yorkshire, YO7 1HQ Mixed use residential and bar investment Total rental income of 52,200 per annum Prominent location Redeveloped