Full description
This investment property is in the highly desirable and premium postcode HG1 in Harrogate, known as the 'Golden Triangle' / the 'Chelsea' of the North.
An attractive, high cash flowing, fully hands off investment at an expected NET yield of 25%+
All guest management and cleaning is fully managed so no operational experience or input is necessary.
With Sui Generis Use Class planning, the property is deemed a commercial asset; a commercial valuation is expected to be around £1M.
***important further info***
This property and two others form part of an SPV, meaning the portfolio of three can be sold within an SPV sale offering large stamp duty savings: 0.5% business tax instead of the additional rate stamp duty.
Beyond the SPV there are 2 more properties in the sellers portfolio that are available off-market. It is the sellers preference to sell the SPV in its entirety to one buyer.
Contact Sophie at sophie. directly for more information
Tenure: Freehold
Council Tax Band: TBC