47-49 & 51-53 East Parade - Residential for sale in Harrogate

A rare opportunity to acquire a substantial residential block, occupying a highly prominent position in the heart of Harrogate Town Centre.. Premium town centre location, within walking distance from Harrogate train station and local amenities.. Freehold.. Asset management opportunities include internal refurbishment to drive rental tone and potential to review unit break up.. The property comprises two adjacent residential properties totalling 26 apartments.. 47-49 East Parade consists of 17 apartments across 12 studios and 5 one-bedroom apartments.. 51-53 East Parade consists of 9 apartments across 1 one-bedroom and 8 two-bedroom apartments.. Apartments finished to a high quality specification throughout.. All apartments are fully let.. Total gross contracted rent of £264,432 per annum.. Proposal. £3,100,000 / 8.53% Gross Initial Yield OVERVIEW A substantial residential block comprising two adjacent residential properties totalling 26 apartments. As a global commercial real estate services leader with 52,000 professionals worldwide, we will never settle for the world that’s been built, but relentlessly drive it forward for our clients, colleagues and communities.