Harrogate

21 James Street

Harrogate - 21 James Street

For Sale

Property Details

Price

£2,700,001

Rent

£175,000

Net Initial Yield

6.1%

Tenure

Freehold

Description

  • The historic spa town of Harrogate is situated approximately 16 miles (25 km) north of Leeds and 21 miles (33 km) west of York.
  • Harrogate is known as the gateway to the Yorkshire Dales and attracts an estimated 3 million visitors annually.
  • Harrogate benefits from an affluent wider consumer base of approximately 354,000, over 50% of this catchment falls within the most affluent ACORN classification, ‘Affluent Achievers’, while 63% of working-age residents are categorised within the ABC1 social groups.
  • Harrogate town centre demonstrates exceptional retail strength, retaining over 96% of retail expenditure with minimal leakage to competing centres.
  • Harrogate is a prosperous town with a well-established retail environment, comprising approximately 1 million sq ft of retail floorspace within the town centre.
  • The property occupies a prominent corner position on James Street, Harrogate’s prime retailing pitch.
  • The property is let to Clydesdale Bank PLC on a new 10-year FRI lease from 29 September 2026, without break.
  • The lease is subject to a rent review in year five in line with RPI with a collar and cap of 1-3%.
  • Planning consent to convert the upper parts into six residential flats was granted on 17/09/2025 in conjunction with planning application 25/02602/PCBSR.
  • Current passing rent: £175,000 per annum.
  • Freehold.

Location

Contacts for this property

Olly Photo
Oliver Smart
07818 402754
Paddy
Patrick Kilvington
07860 625512
Tom
Tom Heptonstall
07714 255245