Shops Let to Salon Novu Ltd and St Michaels Hospice
4 Flats Let on AST's
Historic and Affluent Spa Town
200m from Victoria Shopping Centre and 250m from Harrogate Railway Station
Nearby occupiers include Marks and Spencer, The Works, Tesco, Costa, Asda, Superdrug and an Eclectic Mix of Local Retailers
Lot 27
Auction 25th September 2024
Rent £65,580 per Annum Exclusive
Status Available
Guide* £625,000 - £650,000
Sector High Street Retail/Residential
Auction Venue Live Streamed Auction
Property Information
Location
Miles
15 miles north of Leeds, 20 miles west of York
Roads
A59, A416, A658, A661, A1 (M)
Rail
Harrogate Railway Station
Air
Leeds Bradford Airport
Situation
Harrogate is an attractive, historic and affluent North Yorkshire spa town and among the most popular retail destinations in the UK. The town is located 15 miles north of Leeds and 20 miles west of York. The property is located centrally on Station Parade, 200m north of Victoria Shopping Centre and 250m north of Harrogate Railway Station. Nearby occupiers include Marks and Spencer, The Works, Tesco, Costa, Asda, Superdrug and an eclectic mix of local retailers.
Tenure
Freehold.
Location
Miles
15 miles north of Leeds, 20 miles west of York
Roads
A59, A416, A658, A661, A1 (M)
Rail
Harrogate Railway Station
Air
Leeds Bradford Airport
Situation
Harrogate is an attractive, historic and affluent North Yorkshire spa town and among the most popular retail destinations in the UK. The town is located 15 miles north of Leeds and 20 miles west of York. The property is located centrally on Station Parade, 200m north of Victoria Shopping Centre and 250m north of Harrogate Railway Station. Nearby occupiers include Marks and Spencer, The Works, Tesco, Costa, Asda, Superdrug and an eclectic mix of local retailers.
Tenure
Freehold.
Description
The property comprises two ground floor shops with four residential flats on the first and second floors.
VAT
VAT is applicable to this lot. VAT is applicable to 7 Station Parade and Not 5 Station Parade. However, the Special Conditions of Sale provide for the sale to be treated as a Transfer Of a Going Concern (TOGC) if the Buyer qualifies.
EPC
Retail at 7 Station Parade = C
Flat 1 = C
Flat 2 = C
Flat 3 = E
Flat 4 = E
Description
The property comprises two ground floor shops with four residential flats on the first and second floors.
VAT
VAT is applicable to this lot. VAT is applicable to 7 Station Parade and Not 5 Station Parade. However, the Special Conditions of Sale provide for the sale to be treated as a Transfer Of a Going Concern (TOGC) if the Buyer qualifies.
EPC
Retail at 7 Station Parade = C
Flat 1 = C
Flat 2 = C
Flat 3 = E
Flat 4 = E
Tenancy & Accommodation
Address
Floor
Use
Floor Areas Approx sq m (1)
Floor Areas Approx sq ft (1)
Tenant
Term
Rent p.a.x.
Rent Review (Reversion)
5 Station Parade
Ground
Retail
129.50
(1,394)
SALON NOVU LTD (CRN: 13623645) and Charlotte 0' Brien (2)
5 years from 13/11/2021
£16,000
13/11/2024 (12/11/2024)
7 Station Parade
Ground
Retail
85.65
(922)
NORTH YORKSHIRE HOSPICE CARE (CRN 02121179 and Charity no 518905) t/a ST MICHAEL'S (3)
5 years from 27/07/2022 (4)
£14,000
27/01/2025 (26/07/2027)
Flat 1
First
Flat
-
-
2 x Individuals
Let on an Assured Shorthold Tenancy for a term of 12 months from 5th October 2023
£9,600
-
Flat 2
Second
Flat
-
-
An Individual
Let on an Assured Shorthold Tenancy for a term of 6 months from 10th August 2024
£8,700 (5)
Flat 3
First
Flat
-
-
An Individual
Let on an Assured Shorthold Tenancy for a term of 6 months from 29th July 2024
£9,780 (5)
Flat 4
Second
Flat
-
-
An Individual
Let on an Assured Shorthold Tenancy for a term of 12 months from 13th August 2024
£7,500
Total Approximate Commercial Floor Area
Flat
215.15
(2,316)
£65,580
(1) The floor areas above have been taken from the Valuation Office Agency (https://www.tax.service.gov.uk/business-rates-find/valuations/start/52141105) (2) SALON NOVU LTD (CRN: 13623645) was incorporated in September 2021. Further information about Salon Novu can be found at /www.novuharrogate.co.uk (3) North Yorkshire Hospice Care (02121179) t/a Saint Michael’s is the local hospice care charity supporting people affected by terminal illness across the Harrogate district. Further information on Saint Michael's Hospice can be found at www.saintmichaelshospice.org . For the year ending 31st March 2023 North Yorkshire Hospice Care (02121179) reported (Source: Trustees' Report and Finance Statements as Published at Companies House. (4) As to the Retail unit at 7 Station Parade, the lease provides a tenant option to determine the lease on 27th January 2025 on not less than 6 months written notice. (5) As to Flats 2 and 3 the rents stated above have been annualised.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
