2-4 Westmoreland Street, Harrogate

Asking price of £1,500,000
SSTC
Not Specified (ONLY)

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  • Unique Investment Opportunity
  • Mixed Use Investment Opportunity
  • First Time To Market In Over 55 Years
  • 3 Retail Units, 15 Apartments & A Workshop Unit
  • Large Basement With Potential
  • Fully Let - Income £118,620 pa
  • VAT Not Applicable
  • No Onward Chain
  • EPC - Available on Request

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***BEST & FINAL OFFERS BY FRIDAY 20TH NOVEMBER AT 5PM

***UNIQUE INVESTMENT OPPORTUNITY*** FULLY LET MIXED USE DEVELOPMENT***


An imposing 3 storey stone built terraced property under a pitched slate covered roof comprising 3 retail units, 15 apartments and a workshop unit that are all fully let. The retail shops are occupied by Westmoreland Coffee shop, Soul beauty studio and a tutoring centre (let agreed and in legals). The 15 residential apartments range from a studio with combined living room/ bedroom, 1 bed and 2 bed apartments and a 2 bed maisonette. To the rear of the property is an enclosed yard within which is a self contained workshop unit. Call us now for more information.

Location The property is located prominently fronting the corner of Westmoreland Street and Mowbray Square, close to the junction with the Skipton Road (A59) and Myrtle Road. This is a well established retailing area and residential district which is within 10 minutes walk of Harrogate Town Centre and in easy reach of Harrogate Hospital and the Stray.

Description An imposing 3 storey stone built terraced property under a pitched slate covered roof comprising 3 retail units, 15 apartments and a workshop unit that are all fully let. The retail shops are occupied by Westmoreland Coffee shop, Soul beauty studio and a tutoring centre (let agreed and in legals). The 15 residential apartments range from a studio with combined living room/ bedroom, 1 bed and 2 bed apartments and a 2 bed maisonette. To the rear of the property is an enclosed yard within which is a self contained workshop unit.

Price The property is offered on a freehold basis subject to the existing tenancies at a guide price of £1,500,000. VAT is not applicable on the sale of this property.

EPCs Available on request for all properties.

2 Westmoreland Street

Flat 1 1 bed (first floor)
Rent - £425 pcm / £5,100 per annum
Currently let, subject to AST - periodic
EPC - D-60 (2019)

Flat 2 1 bed (1st floor)
Rent - £475pcm / £5,700 per annum
Currently let subject to AST - exp March 2021
EPC - D-55 (2013)

Flat 3 1 bed (first floor)
Rent - £525pcm / £6,300 per annum
Currently let, subject to AST - exp Oct 2021
EPC - E-51 (2012)

Flat 4 1 bed (2nd floor)
Rent - £465pcm / £5,580 per annum
Currently let, subject to AST - periodic
EPC G-20 (2020)

Flat 5 1 bed ( 2nd floor)
Rent - £475pcm/ £5,700 per annum
Curently let, subject to AST - periodic
EPC - F-23 (2020)

4 Westmoreland Street

Masionette 2 beds (double)
Rent - £600pcm / £7,200 per annum
Currently let, subject to AST - periodic
EPC - F-22 (2010)

38 Mowbray Square

Flat 1 GF Studio (Combined living room, bedroom)
Rent - £405pcm / £4,860 per annum
Currently let, subject to AST- periodic
EPC - F-36 (2011)

Flat 2 1 bed (1st floor)
Rent - £525pcm / £6,300 per annum
Currently let, subject to AST- periodic
EPC - C-73 (2019)

Flat 3 1 bed (2nd floor)
Rent - £475pcm / £5,700 per annum
Currently let, subject to AST- periodic
EPC - E-45 (2011)

40 Mowbray Square

Flat 1 2 bed (ground floor)
Rent - £575pcm / £6,900 per annum
Currently let, subject to AST - exp Oct 2021
EPC - E-46 (2020)

Flat 1A 1 bed (ground floor)
Rent - £450pcm / £5,400 per annum
Currently let, subject to AST - periodic
EPC - E-48 (2020)

Flat 2 1 bed (first floor)
Rent £500pcm / £6,000 per annum
Currently let, subject to AST - exp feb 2021
EPC - C-70 (2018)

Flat 3 1 bed (first floor)
Rent - £415pcm / £4,980 per annum
Currently let, subject to AST - periodic
EPC - E-40 (2020)

Flat 4 1 bed (2nd floor)
Rent - £490pcm / £5,880 per annum
Currently let, subject to AST - periodic
EPC - C-33 (2011)

Flat 5 1 bed (top floor)
Rent - £505pcm / £6,060 per annum
Currently let, subject to AST - periodic
EPC - D-59 (2018)

4 Westmoreland Street (Shop) Retail Shop & Basement
Rent - £10,000per annum
Let agreed and in legals
EPC - C-59 (2020)

Workshop, Rear Mowbray Square Rent - £4,000 per annum
Commercial lease -Lease expiry November 2022
EPC - E-128 (2020)

Garage, Rear Mowbray Square £960 per annum

2 Westmoreland Street Shop
Rent - £11,000 per annum
Commercial lease - Lease expiry November 2025
EPC - E-123 (2020)

42 Mowbray Square Rent - £5,000 per annum (rent rising to 5,500 in 2021)
EPC - C-65 (2020)

Total £118,620 per annum

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