509 Middleton Road
0161 626 5688
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)
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 £3,250 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.
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.
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.
If Sold, then accordance with the usual practice, the parties are responsible for their own legal costs in connection with the transaction
Strictly by appointment with the agent Kirkham Property - 509 Middleton Road, Chadderton, Oldham OL9 9SH - Please call 0161 925 3759 or email firstname.lastname@example.org
Printed from Oldham Chronicle Classifieds - www.oldham-chronicle.co.uk/classifieds/