Location
HG2 7LJ
The property is set in a residential location in Starbeck which lies between the historic towns of Knaresborough and Harrogate and is accessed directly from High Street (A59)
Description
Situated in a popular and well regarded location in Harrogate is this recently renovated detached property and grounds which is currently occupied by a children's day care nursery under the terms of a 20 year Full Repairing and Leasing Lease dated 3rd December 2020.
The current rental income is £3,500 pcm payable quarterly in advance but the investment yield continues to improve throughout the lease term in line with periodic rent reviews. By the 15th year of the lease term the passing rent is prescribed to increase to £60,000 per annum exclusive. The property is in a good condition throughout and was formally used as a children's respite care home.
Initial viewings are available via the virtual tour of the property and copies of the lease are available on request upon receipt of proof of funds.
Rates
Through enquiries with the Valuation Office Agency website it is noted that the property attracts a Rateable Value in the 2017 Ratings List of TBA. Please note the Rateable Value is not what you pay.
VAT
The above amounts are exclusive of, but may be liable to VAT. Each party must satisfy themselves independently to the occurrence of VAT in this instance.
Legal Costs
If Sold, then accordance with the usual practice, the parties are responsible for their own legal costs in connection with the transaction
Viewing
Strictly by appointment with the agent Kirkham Property - 509 Middleton Road, Chadderton, Oldham OL9 9SH - Please call 0161 925 3759 or email ashleigh@kirkham-property.co.uk
Untitled Document
Under the Property Misdescription Act 1991 we endeavour to make our sales details accurate and reliable but they should not be relied upon as statements or representations of fact and they do not constitute any part of an offer of contract. The seller does not make any representations to give any warranty in relation to the property and we have no authority to do so on behalf of the seller. Services, fittings and equipment referred to in the sales details have not been tested (unless otherwise stated) and no warranty can be given as to their condition. We strongly recommend that all the information which we provide about the property is verified by yourself or your advisers. Under the Estate Agency Act 1991 you will be required to give us financial information in order to verify you financial position before we can recommend any offer to the vendor.
