JLL Residential

Ref No. 8298
Broughton Court
24 High Street, Harrogate, HG2 7JD

For Sale

    Prime Retail & Residential Investment Opportunity

    • Harrogate is one of the most popular, affluent and vibrant towns in the UK
    • Situated in the popular residential suburb of Starbeck, 1 mile east of Harrogate town centre
    • New development of 2 retail units and 7 highly specified residential units
    • Prominent frontage to High Street with nearby occupiers including KFC, Halfords, Co-Op and Subway
    • On-site car parking for both residential and retail units
    • Retail units let to Pets Corner and a Costa Coffee franchise
    • WAULT of 12.86 years to expiry and 11.15 years to break

    Pricing

    Seeking offers in excess of £1,980,000 subject to contract and exclusive of VAT. Assuming standard purchase costs of 6.28%, this would reflect:-

    • An apportioned yield of 7.92% on the retail
    • Overall running yield of 6.00% with residential units let at forecast rental levels
    • Average retail capital value of £203 per sq ft overall
    • Average residential capital value of £230 per sq ft overall