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Eddisons and Gordons close on 2.4m of Harrogate property deals Magazine

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Property consultant Eddisons and law firm Gordons have completed two commercial property investment transactions inside of a week in Harrogate, which has a combined price of 2.4 million.

On Cheltenham Parade while in the town, your house that is the place to find Harrogate culinary institution, Graveley’s fish and chip shop and seafood restaurant, continues to be sold to property investor and developer Marrtree for 970,000.

In with regard to the restaurant, that is let to Graveleys, the first and second floors in the property contain five apartments as well as building produces once a year rental income of 73,400.

Eddisons in addition has sold serviced office hub, Harrogate Business Centre, on Hookstone Avenue, to Andrew Hillas Properties, for 1.45 million. Established over 30 years ago, the 11,500 sq ft space includes 46 offices and a couple workshops and has now a 95 % occupancy rate.

Eddisons acted on behalf of the vendors around the sale of both properties. Steven Jones, Associate Agency Director, said: “The property market in Harrogate is buoyant as well as the town’s desirability as both the spot to reside and then to work provides an advantage over other nearby locations.

“The Harrogate leisure scene is very vigorous currently, which includes a range of national operators opting.”

He added: “Needless to convey, this cultural and economic resilience makes Harrogate a common alternative for property investors and there is always an appetite considering new investment opportunities.”

Simon Mydlowski, partner at lawyers Gordons, who acted component both purchasers, said: “We are extremely willing to are actually capable of advise Marrtree and Andrew Hillas Properties on these successful acquisitions. Both businesses contain a strong reputation as leading property developers also it was a pleasure to do business with these phones secure these deals.”

Andrew Hillas Properties was represented by Bielby Associates and WSB Property Consultants represented Marrtree.

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