Investment Property
For Sale
  • Residential

    • 47-49 & 51-53 East Parade

    47-49 & 51-53 East Parade, Harrogate, Harrogate HG1 5LQ United Kingdom
    Investment Property
    For Sale
  • Residential

    • 47-49 & 51-53 East Parade

    47-49 & 51-53 East Parade, Harrogate, Harrogate HG1 5LQ United Kingdom
    Building Size
    12,200 SF
    Lot Size
    1,200 SF
    Building Size
    12,200 SF
    Lot Size
    1,200 SF

    OVERVIEW

    A substantial residential block comprising two adjacent residential properties totalling 26 apartments.

    CONTACT

    Key Features
    • A rare opportunity to acquire a substantial residential block, occupying a highly prominent position in the heart of Harrogate Town Centre.
    • Premium town centre location, within walking distance from Harrogate train station and local amenities.
    • Freehold.
    • Asset management opportunities include internal refurbishment to drive rental tone and potential to review unit break up.
    • The property comprises two adjacent residential properties totalling 26 apartments.
    • 47-49 East Parade consists of 17 apartments across 12 studios and 5 one-bedroom apartments.
    • 51-53 East Parade consists of 9 apartments across 1 one-bedroom and 8 two-bedroom apartments.
    • Apartments finished to a high quality specification throughout.
    • All apartments are fully let.
    • Total gross contracted rent of £264,432 per annum.
    • Proposal
    • £3,100,000 / 8.53% Gross Initial Yield

    Details

    Building Size:
    12,200 SF
    Sale Price:
    £3,100,000 GBP
    Price Per Unit:
    £119,231.00 / GBP
    Lot Size:
    1,200 SF

    CONTACT

    47-49 & 51-53 East Parade

    AVAILABILITIES

    SORT: AVAILABLE SPACE

    LOCATION

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