36 – 46 James Street, Harrogate, HG1 1RF

Investment Considerations

• Harrogate is a highly attractive historic spa town with one of the UK’s most affluent catchments.
• Situated in 100% prime pitch on James Street, one of the most exclusive shopping streets in the north of England.
• Retail parade comprising four shops, let to Jigsaw, Cornish Bakery, Ogdens of Harrogate and Piglet in Bed on assignment from Mint Velvet.
• Weighted average unexpired lease term of 8.05 years (5.44 years to break).
• Freehold. Held in three separate titles with scope to split.
• Well secured income stream and rebased rents following a new letting and two lease regears.
• Potential to refurbish and let the first, second and third floor office space over 36 James Street or convert to residential use subject to planning.

We are instructed to seek offers in excess of £3,670,000 (Three Million, Six Hundred and Seventy Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level would reflect an attractive net initial yield of 7.50% after allowing for normal purchaser’s costs of 6.51%.