Summary
| Property Type | Retail |
| Tenure | For Sale |
| Size | 1,005 sq ft |
| Price | £140,000 The quoting sale price reflects a NIY of 11.6% after usual purchasers costs. |
| Rates Payable | We understand the property will be eligible for small business rate relief (no rates payable) as the RV is under £12,000. Interested parties are advised to make any further enquiries to the Local Rating Authority North Yorkshire County Council on 01423 500600. |
| EPC Rating | This property has been graded as E (119) |
- Investment - freehold subject to the occupational lease on the retail
- Subject to long leasehold interest on residential above
- Shop (as takeaway) is let on 15 year lease @ £16,500 p.a.
- Investment price of £140,000 reflects attractive NIY of 11.6%
About
The property provides the whole of this end brick built terrace property under a pitched tiled roof. The takeaway on the ground floor comprises a retail sales area and several preparation rooms/storage rooms to the rear of the property. An integral staircase leads to the first floor, providing ancillary staff/storage facilities.
Accommodation
| Name | sq ft | sq m | Availability |
| Ground - Floor Sales Area | 426 | 39.58 | Sold |
| Ground - Floor Rear Preparation Room | 115 | 10.68 | Sold |
| Ground - Floor Store 1 | 84 | 7.80 | Sold |
| Ground - Floor Store 2 | 57 | 5.30 | Sold |
| 1st - Floor Staff Room | 235 | 21.83 | Sold |
| 1st - Floor Store | 88 | 8.18 | Sold |
| Total | 1,005 | 93.37 |
Location
The property is situated in a prominent position at the top end south eastern section of the High Street. It is located opposite the bus station providing a very visible return frontage window display onto the High Street and side street Park Place.
Knaresborough is an historic market town and spa town in the Borough of Harrogate. It is located on the River Nidd 4 miles east of the centre of Harrogate and approximately 15 miles west of York.
Mainline Stations
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Knaresborough4 mins
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Starbeck30 mins
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Harrogate60 mins
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Hornbeam Park61 mins
Underground Station
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Chesham3149 mins
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Amersham3190 mins
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Chalfont and Latimer3206 mins
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Chorleywood3232 mins
Downloads
Download ParticularsFurther Information
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Occupational Lease
The Chinese Takeaway retail premises are currently let on an effective full repairing and insuring 15 year lease (in a personal name) wef 02/05/15 at a current rent of £16,500 p.a. and with upward only 3 yearly rent review provisions.
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Tenure
The freehold of the whole building is available subject to the occupational lease on the ground floor shop and the long leasehold interest (999 years wef 25th October 2019) on the residential flat above at a peppercorn rent. There are shared repairing obligations between the shop tenant and the residential flat above.
Gallery
