Harrogate retail investment handed £4.7m price tag

3rd July 2024 | Jack Oliver

A multi-unit retail investment in the spa town of Harrogate, North Yorkshire, has been placed on the market with a price tag of £4.7m.

The asset at 17-23 Parliament Street totals 19,283 sq ft of retail and F&B space, currently let to four tenants including Five Guys, Mitchells & Butlers, and Marston’s, plus a rental guarantee.

The property currently produces an annual rental income of £400,982, with passing rents within the property generally reflecting around £20 per sq ft and dating from the letting of the property following its refurbishment and extension in 2015/16.

The asset is situated within a highly prominent island position within the core leisure, café, and bar location in location. It is also in close proximity to the prime retailing locations of Cambridge Street and James Street, as well as the famous Bettys Café Tea Rooms. The surrounding area is home to Montpellier Quarter, which accommodates numerous fashion boutiques.

FMX Urban Property Advisers, which has been appointed to market the property alongside CRRE Property Advice, said the £4.7m price tag represents a net initial yield of 8%, rising to 9.09% in December 2026.


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