AN UNBROKEN FREEHOLD RENTAL INVESTMENT WITH EXCELLENT LETTING HISTORY. Ripley 2.1 miles, Harrogate town centre 5.5 miles, Harrogate mainline station 6 miles (3 hours to London Kings Cross), A1(M) (Jct 47) 11.0 miles

LOCATION

The development is set in a beautiful rural North Yorkshire setting, amidst a small collection of houses surrounded by rolling countryside, two miles from the pretty and historic village of Ripley, and six miles from the bustling Spa town of Harrogate. There is a local pub just moments from the development, while Ripley has several shops, pubs and cafés along with its14thcentury castle. Harrogate boasts a wealth of fine Georgian and Victorian architecture, and has excellent shopping, leisure and cultural facilities, plus a number of supermarkets, and a choice of superb schools both state and independent.The area is well connected by road, with the A1(M) 11 miles from the development, while Harrogate mainline station offers direct services to London Kings Cross in three hours. The stunning countryside of the Nidderdale Area of Outstanding Natural Beauty, with its many walking, cycling and riding routes, is also within easy reach.

THE PROPERTY

The properties at The Lodge Mews provide a superb investment opportunity to acquire 13 one-bedroom properties and one two-bedroom property with potential to add further rental income by renovating the remaining units.**The investment can be divided**The development is located in a small rural village only 15 minutes' drive from Harrogate town centre. There are thirteen one bedroom properties and one two-bedroom property. The typical accommodation layout comprises of a kitchen, and a sitting room, with some of the properties providing an open-plan layout, and some with separate kitchens. Each of the properties alsofeatures one double bedroom with an en-suite bathroom. Most of the properties are arranged over two levels, with three laid out on one level. Numbers 12 and 13 have similar layouts, but have the added benefit of an additional study spaceon the first floor. The development provides real potential for the right investor and offers a variety of potentialfunctions, uses and arrangements, subject to the necessary consents.

OUTSIDE

The development has its own gravel and paved driveway and parking area, which provides ample parking for each apartment and turning space for vehicles.

TENANCY

Property 1 has now been refurbished into a two bedroom property and the current Rental income is now£90,000 per annum

PRICE

The guide price for the freehold interest is:-£1,450,000

GENERAL

Local Authority: Harrogate Borough CouncilServices: Gas central heating, mains water, electricity and sewage.Council Tax: Band AWayleaves and easements: the property is sold subject to any wayleaves or easements, whether mentioned in these particulars or not.

ENERGY PERFORMANCE CERTIFICATES

All 14 properties have individual EPC's with either D or E Ratings

VIEWINGS

For further information or to arrange a viewing, please contact Peter Davies on 0113 237 0999.

MISREPRESENTATION ACT 1967

Stoneacre Properties acting as agent for the vendors or lessors of this property give notice that:- The particulars are set out as a general outline only for the guidance of intending purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract. All descriptions, dimensions, condition statements, permissions for use & occupation, and other details are given in good faith and are believed to be correct. Any intending purchasers or tenants should not rely them as such as statements or representations of fact but must satisfy themselves by inspection or otherwise as the correctness of each of them. No person in the employment of Stoneacre Properties has any authority to make or give representation or warranty whatsoever in relation to this property. All prices and rents are quoted exclusive of VAT unless expressly stated to the contrary. MISDESCRIPTIONS ACT 1991 These details believe to be correct at the time of compilation, but may be subject to subsequent amendment. ALL OFFERS ARE SUBJECT TO CONTRACT. Details prepared June 2020

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