Cambridge Street Harrogate
Page 1: Property Overview
Harrogate FMX Urban Property Advisers
Location: 27/31 Cambridge Street, HG1 1RW
Investment opportunity in a prime retail area of Harrogate, a historic spa town.
Page 2: Investment Summary
Harrogate is an attractive retail center with an affluent catchment.
Property in a prime location on pedestrianized Cambridge Street.
Comprises three retail units: Bodycare, Pandora, and a phone shop.
Total rent: £207,000 per annum with a WAULT of 7.05 years.
Freehold offer: £2,300,000, net yield of 8.43%.
Page 3: Location
Harrogate is 16 miles from Leeds, 19 miles from York, 212 miles from London.
Well connected by road (A61, A59) and rail (direct trains to London and Leeds).
Leeds/Bradford Airport: 10 miles south.
Home to one of Europe's largest exhibition centers attracting 300,000 guests annually.
Page 4: Demographics
160,000 residents within a six-mile radius.
58% categorized as affluent demographics (ACORN).
Potential shopper expenditure: £461 million.
Average household income is 15% higher than national average.
1.5 million visitors per year to Harrogate, contributing to local economy.
Page 5: Property Situation
100% prime trading position on pedestrianized Cambridge Street.
Traditional brick construction with retail space and luxury flats.
Retail space designed for national retailer requirements along with a kiosk.
Page 6: Tenancy Information
Unit 1: Pandora, £70,000 rent, lease until 2034, break in 2029.
Unit 2: Bodycare, £125,000 rent, lease until 2029.
Kiosk: Phone Shop, £12,000 rent, lease until 2034.
Total rent from all units: £207,000.
Page 7: Covenant Information
Pandora: A-rated credit risk, turnover of £438.3 million (2023).
Bodycare: B-rated credit risk, turnover of £128.8 million (2023), some losses.
GB Hybrid Ltd: Newly incorporated with no financial info.
Page 8: Additional Information
Energy performance certificates available upon request.
Compliance with anti-money laundering legislation required for buyers.
Page 9: Summary and Contact
Property priced at £2,300,000.
Subject to the conditions of the sale.
Contact for further information:
Tom Heptonstall: tomheptonstall@fmx.co.uk
Oliver Smart: oliversmart@fmx.co.uk
Patrick Kilvington: patrickkilvington@fmx.co.uk