A unique, fully let, mixed use investment property close to Harrogate town centre and comprising of both residential apartments and retail units, is on the market for the first time in more than 55 years.
The property is prominently located on the corner of Westmoreland Street and Mowbray Square and is being marketed by leading independent property firm, Adair Paxton, which has also managed the scheme for the last five decades.
The three-storey, stone-built building includes three retail units that are occupied by Westmoreland Coffee, Soul Beauty Studio and a new tutoring centre that is due to open later this year. In addition, there are 15 rental apartments, including a studio as well as one and two bedroom homes, and outside there is an enclosed yard and a workshop unit.
Adair Paxton’s commercial division sells, lets, and manages a full range of commercial and mixed use property. Director, Simon Dalingwater, explained: “This property has been managed by Adair Paxton for approximately 50 years and throughout this time it’s always enjoyed high occupancy levels due to its prominent location, in a popular retailing and residential area, which is within easy reach of the A59 and just half a mile from Harrogate Railway Station.
“It’s currently fully let and as a result it will be of interest to a wide range of investors looking for a rare opportunity that has consistently proven its long-term resilience, in one of England’s most sought-after spa towns.”
The property has a guide price of £1.5million