27-31 Cambridge St 6,863 SF 100% Leased Retail Building Harrogate HG1 1RW £2,300,000 (£335.13/SF) 8.43% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Located in the historic Georgian spa town of Harrogate
- Three ground floor retail units with upper residential
- 100% prime trading location on the pedestrianised Cambridge Street
EXECUTIVE SUMMARY
The subject property comprises a mid terrace building of traditional block brick construction. The ground floor comprises well configured retail space, well suited to modern national multiple requirements, alongside a kiosk unit. The uppers floor comprise 14 luxury one and two bedroom flats, set around a modern atrium. The flats will be retained by the vendor at a peppercorn rental. The residential element is accessed via a designated entrance fronting Cambridge Street.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
6,863 SF
Building Class
B
Year Built
1965
Price
£2,300,000
Price Per SF
£335.13
Net Initial Yield
8.43%
NOI
£193,890
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.29
Lot Size
0.54 AC
Frontage
75 ft on Cambridge Street
AMENITIES
- 24 Hour Access
- Storage Space
1 of 1
NEARBY MAJOR RETAILERS
