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1 Sykes Grv 0.15 Acres of Commercial Land Offered at $200,203 in Harrogate HG1 2DF
INVESTMENT HIGHLIGHTS
- Leased in is entirety and income producing
- Concrete surfaced site, including ‘out buildings’ and canopy
- Operating as ‘Harrogate Hand Car Wash’
EXECUTIVE SUMMARY
The site is let in its entirety under a lease dated 1 May 2018 and expires on the 30 April 2033 though incorporates a tenant only break on the 1 May 2028. The current rent passing is £12,000 per annum and there is an outstanding rent review from 1 May 2023. Freehold available, subject to the occupational tenancy. Offers in the region of £150,000 exclusive of VAT reflecting a Net Initial Yield of 7.86% after usual purchasers costs.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $200,203 | Lot Size | 0.15 AC |
| Price Per AC | $1,334,685.85 |
| Price | $200,203 |
| Price Per AC | $1,334,685.85 |
| Lot Size | 0.15 AC |
Concrete surfaced site, including ‘out buildings’ and canopy.
DESCRIPTION
Comprising a well-established hand car wash operation, the site extends to approx. 0.15 acres, is concrete surfaced and benefits from on-site office with utility connections and a road frontage of 25 metres.
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1 Sykes Grv
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