Summary

Property Type Development / Investment
Tenure For Sale
Size 3,612 sq ft
Price £550,000
Rates Payable 2 Mount Parade RV: £21,750 1 Commercial Street RV: £12,500
  • Investment opportunity in Harrogate Town Centre
  • Asset Management Opportunity
  • Retail Outlet (The Cheeseboard) let producing £11,500 p.a.
  • The Retro Club due to vacate to provide vacant possession
  • Offices to be sold with VP - suitable for Residential Development STPP

About

The premises comprise the whole of a semi-detached, four storey building which spans between the two streets of Mount Parade and Commercial Street. The property comprises a retail shop occupied by The Cheeseboard and The Retro Club on the LGF from Commercial Street. The property also provides offices from Mount Parade and above The Cheeseboard Shop. In our opinion this could be suitable for continued office use (following a series of refurbishment works or residential STPP).

1 Commercial Street and 2 Mount Parade, Harrogate, Development / Investment For Sale - 20230228 142858.jpg

Accommodation

Namesq ftsq mAvailability
Lower Ground - Retro Club Bar/Dance Floor 1 Commercial Street 861 79.99 Available
Ground - Floor Retail Sales/Office 1 Commercial Street 374 34.75 Available
Basement - Basement Store 1 Commercial Street 200 18.58 Available
Ground - Floor Offices 2 Mount Parade 447 41.53 Available
1st - Floor Offices/Kitchen 751 69.77 Available
2nd - Floor Offices 857 79.62 Available
Unit - Attic Store 122 11.33 Available
Total3,612335.57

Location

The property is situated on Commercial Street and Mount Parade close to Station Parade and its intersection with Beulah Street.

Get directions from Google Maps

1 Commercial Street and 2 Mount Parade - 20230228 142846.jpg

Further Information

  • Occupational Leases & Tenure

    The Cheeseboard are long standing tenants who are in the process of agreeing a new 6 year lease with 3 year break clause at £11,500 p.a. We understand The Retro Club have also been holding over for some time at a rental of £7,200 p.a. but are due to vacate to allow vacant possession upon a sale.

  • Asset Management Opportunities

    The former office premises provide potential to be refurbished, upgraded, and occupied as offices or converted into residential STPP. The lower ground floor currently used as a club could be let out for other commercial uses or converted into a flat subject to necessary consents.