30-31 Montpellier Parade
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30-31 Montpellier Parade
1,800 SF Retail Building Harrogate HG1 2TG $1,143,843 ($635/SF) 2.51% Cap Rate
Investment Highlights
- Harrogate is one of the largest commercial centres in North Yorkshire and has the leading Conference and Exhibition Centre in the North of England.
- Nearby occupiers include, Toast, Morgan Clare and India Mahon Jewellery, and Suzie Watson and Richard Grafton Interiors.
- Located on a fashionable and stylish specialist retail area on the western side of Harrogate town centre.
Executive Summary
31 Montpellier - Let to Indigowhite Limited (t/a Owl) on a 5 year lease commencing 21 July 2021 at an annual rent of £22,500, rising to £25,000 in the final year of the term. Payable monthly in advance. The lease is drawn on internal repairing and insuring terms.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,800 SF
Building Class
B
Year Built
1902
Price
$1,143,843
Price Per SF
$635
Cap Rate
2.51%
NOI
$28,756
Tenancy
Single
Building Height
4 Stories
Building FAR
0.95
Lot Size
0.04 AC
Frontage
17 FT on Montpellier Parade
Amenities
- 24 Hour Access
- Storage Space
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30-31 Montpellier Parade
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