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

  • 60 - 64 High Street<br>Starbeck<br>Harrogate<br>North Yorkshire<br>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    Withdrawn Post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
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
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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  • Status Withdrawn Post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

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.

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.

Property Documents

  • Catalogue Page
    Updated Date
    27.04.16
    File Size
    985 KB
    View PDF
  • Common Auction conditions
    Updated Date
    20.05.24
    File Size
    620 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Associate Auctioneers
UK City Commercial 2 High Court,
Leeds
LS2 7ES
Alistair Russell 01138 870 061alistair@ukcitycommercial.co.uk
Seller's Solicitors
HLW Keeble Hawson Capitol House, Russell Street
Leeds
LS1 5SP
Steve Stanier 0113 399 3414stevestanier@hlwkeeblehawson.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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