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33 James St 3,004 SF Retail Building Harrogate HG1 1QZ $3,152,024 CAD ($1,049.28 CAD/SF) 6% Cap Rate
Investment Highlights
- Prime freehold on Harrogate’s main retail pitch
- Let to Hobbs Ltd with lease to 2030
- £108,500 p.a. income with rental reversion
Executive Summary
33 James Street comprises a prime freehold retail investment situated on James Street, Harrogate’s principal retailing pitch. The property is arranged over four storeys, extending to approximately 3,424 sq ft, with the ground floor providing open-plan retail accommodation and the upper floors comprising ancillary storage and staff areas. The building occupies a prominent mid-terraced position within a well-established and affluent town centre retail environment.
The property is let in its entirety to Hobbs Limited, a well-established premium womenswear retailer, on a full repairing and insuring lease expiring August 2030, producing a passing rent of £108,500 per annum. The rent is considered reversionary, with an estimated rental value of £118,670 per annum, supported by strong Zone A evidence on James Street.
Harrogate is an affluent spa town with a strong retail catchment and approximately 3 million visitors annually, underpinning consistent footfall and trading conditions. The town centre retains a high level of retail expenditure and benefits from a diverse mix of national and independent operators. The property therefore offers a combination of secure income, reversionary potential and prime positioning within a tightly supplied retail market.
The property is let in its entirety to Hobbs Limited, a well-established premium womenswear retailer, on a full repairing and insuring lease expiring August 2030, producing a passing rent of £108,500 per annum. The rent is considered reversionary, with an estimated rental value of £118,670 per annum, supported by strong Zone A evidence on James Street.
Harrogate is an affluent spa town with a strong retail catchment and approximately 3 million visitors annually, underpinning consistent footfall and trading conditions. The town centre retains a high level of retail expenditure and benefits from a diverse mix of national and independent operators. The property therefore offers a combination of secure income, reversionary potential and prime positioning within a tightly supplied retail market.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
3,004 SF
Building Class
C
Year Built
1910
Price
$3,152,024 CAD
Price Per SF
$1,049.28 CAD
Cap Rate
6%
NOI
$189,121 CAD
Tenancy
Single
Building Height
3 Stories
Building FAR
2.56
Lot Size
0.03 AC
Amenities
- Bus Line
- Raised Floor
- Security System
- Signage
- Wheelchair Accessible
- Automatic Blinds
- Storage Space
- Car Charging Station
- Recessed Lighting
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
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Nearby Major Retailers
Contacts
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Tom Heptonstall -
Patrick Kilvington -
Oliver Smart -
FMX Urban Property Advisers
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Videos
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Photos
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Street
Map
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33 James St
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