Broughton Court
24, High Street, Harrogate, HG2 7JD
£1,980,000.00
Ref No. 8298
For Sale

Location 24, High Street, Starbeck, Harrogate, HG2 7JD, North Yorkshire, , Yorkshire & Humberside

Size 9167.00 ft2
(851.64 m2)

Description Prime Retail & Residential Investment Opportunity

  • Harrogate is one of the most popular, affluent and vibrant towns in the UK
  • Situated in the popular residential suburb of Starbeck, 1 mile east of Harrogate town centre
  • New development of 2 retail units and 7 highly specified residential units
  • Prominent frontage to High Street with nearby occupiers including KFC, Halfords, Co-Op and Subway
  • On-site car parking for both residential and retail units
  • Retail units let to Pets Corner and a Costa Coffee franchise
  • WAULT of 12.86 years to expiry and 11.15 years to break

Pricing

Seeking offers in excess of £1,980,000 subject to contract and exclusive of VAT. Assuming standard purchase costs of 6.28%, this would reflect:-

  • An apportioned yield of 7.92% on the retail
  • Overall running yield of 6.00% with residential units let at forecast rental levels
  • Average retail capital value of £203 per sq ft overall
  • Average residential capital value of £230 per sq ft overall

Property Type Retail - High Street, Residential Use

Property Contacts:

  • Mathew Atkinson
    +44 (0)113 261 6246
Property Location:



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