Grade II Listed period property in High Street position , Two commercial units let until 2028 & 2037 , Three self-contained residential flats , Current rental income: £32,460 per annum , GIA 294.70 sq.m / 3,172 sq.ft (excluding basement/workshop & garage)
An attractive Grade II listed period building on Knaresborough High Street, comprising two ground-floor commercial units and three self-contained flats.
The property has a total Gross Internal Area of 294.70 sq.m / 3,172 sq.ft (excluding basement and garage) and provides an established rental income of £32,460 per annum.
Description - 22 High Street is a prominent Grade II listed period building situated in the heart of Knaresborough town centre. The property comprises two well-positioned commercial units at ground floor level, complemented by three self-contained flats. To the rear, there is additional storage space and a garage.
The commercial units are let on long-term leases and the flats are currently let, providing an established rental income of £32,460 per annum.
Location - The property is located on the High Street in the heart of Knaresborough, a historic and popular market town approximately 4 miles from Harrogate and 18 miles from York. Knaresborough benefits from excellent transport links, with direct rail services to Leeds and York, and access to the A1(M) within 3 miles.
High Street benefits from a mix of local and national occupiers, including Sainsburys Local, Greggs and Tesco Express, alongside independent cafes, boutiques, and professional services. The property is located directly opposite the towns major bus stop and benefits from regular pedestrian footfall. High Street is considered one of the town's primary retail thoroughfares.
Accommodation - Total GIA: 294.70 sq.m (3,172 sq.ft) - excluding basement and garage
Tenure & Tenancies - The property is held freehold, subject to the following occupational leases and tenancies:
22 High Street (LHS): Let 19/09/2024 - 18/09/2037 at £7,140 per annum 22a High Street (RHS): Let 17/09/2025 - 16/09/2028 at £7,500 per annum Flat 1: Let at £375 per calendar month (£4,500 per annum) Flat 2: Let at £550 per calendar month (£6,600 per annum) Flat 3: Let at £495 per calendar month (£5,940 per annum)
Total Current Rental Income: £32,460 per annum
Viewings - Strictly by appointment only with the sole agents - Stephensons Estate Agents.
Costs - Each party is to bear their own legal and professional costs in relation to this transaction.
Value Added Tax - All figures quoted are exclusive of VAT. We understand the property is not elected for VAT.
