28 Harrogate Road, Rawdon

£325,000
For Sale

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  • Fully Let Investment
  • 7.6% Yield
  • Longstanding Commercial Tenants

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Adair Paxton are pleased to bring 28 Harrogate Road to the market whereby the property is fully let. The property has 2 commercial tenants and 2 residential tenants which achieve an annual rent of £24,720.

Location
The property is located prominently fronting Harrogate Road (B6152) in the popular and affluent area of Rawdon. The position is close to the junction with the A65, which is a main arterial route between Leeds and north western suburbs. The surrounding area is densely populated, with further retail units located nearby.

Description
The property consists of a 3-storey stone built end terrace fronting Harrogate Road. Internally at ground floor level are two commercial units - a barbers shop and a large beauty salon. Above, there is a 1 bed flat at first floor level and another 1 bed flat. Both of which are tenanted.

Accommodation
Measured in accordance with the RICS Property Measurement (incorporating International Property Measurement Standards) 1st Edition, May 2015, the two retail premises provides the following approximate internal areas: Beauty Salon 391 sq ft (36.3 sq m) of which consists of a shop front area benefiting from a couple of treatment rooms, storage and kitchen facilities. Barbers 156 sq ft (14.5 sq m) of which consists of an open plan sales area. Flat 1 comprises an open plan kitchen living area, bedroom and WC with plenty of storage space. Flat 2 comprises a separate kitchen and lounge as well as bedroom and WC, again benefiting from storage space.

Terms
The property is offered for sale on a freehold basis, subject to existing tenancies at a guide price of £325,000. It is understood that VAT is not applicable on this property.

Business Rates
According to the Valuation Office Agency website the commercial premises have 2023 Rateable Values of £4,450 (barbers) and £5,300 (beauty salon) respectively. Both flats fall under Council Tax Band A. Interested parties are advised to make their own enquiries in this respect.

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