60 - 64 High Street Starbeck Harrogate North Yorkshire HG2 7JE

60 - 64 High Street
Starbeck
Harrogate
North Yorkshire
HG2 7JE

Freehold Retail Investment

Ground floor let to Martin McColl Limited until 2023 (no breaks)
Prominent corner position on busy High Street (A59) some 1.5 miles north-east of Harrogate town centre
Minimum rental increase to £44,800 in 2018
Nearby occupiers include Lloyds Pharmacy, The Co-operative Food, Post Office and William Hill
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
56
Auction
19th May 2016
Rent
£39,600 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Retail Investment

Ground floor let to Martin McColl Limited until 2023 (no breaks)
Prominent corner position on busy High Street (A59) some 1.5 miles north-east of Harrogate town centre
Minimum rental increase to £44,800 in 2018
Nearby occupiers include Lloyds Pharmacy, The Co-operative Food, Post Office and William Hill
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 56
Auction 19th May 2016
Rent £39,600 per Annum Exclusive
Status Withdrawn Post
Price
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 18 miles north of Leeds, 18 miles west of York
Roads: A1(M), A59, A61, A661
Rail: Starbeck Railway Station
Air: Leeds Bradford Airport

Situation

Harrogate is a highly affluent, attractive and popular tourist spa town situated some 17 miles north of Leeds. The property is situated on the south side of High Street Starbeck (A59), a busy arterial route some 1.5 miles north-east of Harrogate town centre and at its junction with Forest Avenue. Nearby occupiers include Lloyds Pharmacy, The Co-operative Food, Post Office and William
Hill.

Tenure

Freehold.

Location

Miles: 18 miles north of Leeds, 18 miles west of York
Roads: A1(M), A59, A61, A661
Rail: Starbeck Railway Station
Air: Leeds Bradford Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with ancillary accommodation on the first floor.

Six Week Completion

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor retail unit with ancillary accommodation on the first floor.

Six Week Completion

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review (Reversion)
Ground	Retail/ Ancillary	415.26 sq m	(4,470 sq ft)	MARTIN MCCOLL LIMITED (1)	15 years from 07/11/2008 on a full repairing and insuring lease	£39,600	07/11/2018 (06/11/2023)
First	Ancillary	267.02 sq m	(2,874 sq ft)	BATES & HEMINGBOROUGH	250 years from completion of the Sale	Peppercorn
Totals		682.28 sq m	(7,344 sq ft)			£39,600 Rising to a minimum of £44,800 p.a.x. in 2018

(1) For the year ending 30th November 2014, Martin McColl Limited reported a turnover of £462,850,000, pre-tax profits of £27,947,000 and a total net worth of £80,309,000. (Source: www.riskdisk.com 18/04/2016)
(2) The lease provides for the rent to be increased on 07/11/2018 to the greater of £44,800 p.a.x. or “Market Rent.