27-31 Cambridge St
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27-31 Cambridge St
6,863 SF 100% Leased Retail Building Harrogate HG1 1RW $2,939,485 ($428/SF) 8.43% Cap Rate
Investment Highlights
- Located in the historic Georgian spa town of Harrogate
- Three ground floor retail units with upper residential
- 100% prime trading location on the pedestrianised Cambridge Street
Executive Summary
The subject property comprises a mid terrace building of traditional block brick construction. The ground floor comprises well configured retail space, well suited to modern national multiple requirements, alongside a kiosk unit. The uppers floor comprise 14 luxury one and two bedroom flats, set around a modern atrium. The flats will be retained by the vendor at a peppercorn rental. The residential element is accessed via a designated entrance fronting Cambridge Street.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
6,863 SF
Building Class
B
Year Built
1965
Price
$2,939,485
Price Per SF
$428
Cap Rate
8.43%
NOI
$247,799
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.29
Lot Size
0.54 AC
Frontage
75 FT on Cambridge Street
Amenities
- 24 Hour Access
- Storage Space
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27-31 Cambridge St
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