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Employment Land and Property
| The availability of employment land and property is an
important issue for the Harrogate district, to ensure that
sufficient space is available for businesses to start up,
expand or relocate.
Information is given below on the following topics:
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Employment Land in the Harrogate District Local Plan
The availability of employment land and
property is an important issue for the local economy, to ensure
that sufficient space is available for existing businesses to
expand within the District, and for new businesses to start
up.
Employment Land in the Local Plan
Allocations for new employment land are
identified in the District Local Plan, which was adopted by the
Council in 2001 and runs until 2006.
The current employment land position (September
2006) in relation to the Local Plan is:
- 74.20 hectares of employment land allocated or committed within the District.
- 43.64 hectares of employment land developed on these
sites between April 1991 and April 2006.
- This represents an annual development rate of 2.90
hectares. If this development rate continues at
the same pace for the next year, a further 2.90 hectares could be
developed between April 2006 - April 2007.
- This would equate to a total of 46.54 hectares being developed by the end of 2007.
(Source: Monitoring Report September 2006, HBC Planning)
It is important to note that the above figures only relate to
larger employment sites within the District, and it is recognised
that there is additional employment development occurring across
the District on smaller sites.
Vacant Commercial Sites and Premises
Working with local property agents the
Council's Economic Development Unit maintains an up-to-date
database of vacant commercial premises. This provides an
overview and monitor of floorspace, by type, at any given
time.
Summary of Harrogate
District Sites and Premises Database over the last 2
years updated 24 October 2008
To undertake your own online search for vacant
commercial sites and premises in the Harrogate District, visit www.harrogate.gov.uk/propertyfinder
Employment Land & Property Values
The following information on employment land and property
values is taken from the latest
Valuation Office Property Market Report (July
2007). Statistics from the report are based upon
recent transaction data for property/land sales throughout the
country.
Industrial Land
Values
The range of industrial land values reported at 1st
July 2007 ranged between £450,000 to
£700,000 per hectare, with a typical land value of
£650,000 per hectare - an increase in typical land value of
£25,000 per hectare since January 2007.
Retail Units Rental
Values
The average retail rental values reported at 1st
July 2007 are unchanged from those reported in January
2007.
(£1/per m2/ per annum)
| Primary Position | £1400 |
| Secondary Position | £ 775 |
| Out of Town | £ 200 |
Read the full
Retail chapter of the Valuation Office report for further
information.
Office Units Rental
Values
The average office rental value reported at
1st July 2007 (£1/per m2/per annum) are
unchanged from those reported in January 2007.
| Town Centre position, over 1000 sq m | £150 |
| Town Centre position, between 150 - 400 sq m | £160 |
| Secondary Position, between 50 - 150 sq m | £140 |
Read the full
Office chapter of the Valuation Office report for further
information
Industrial Units Rental
Values
The average industrial rental value reported at 1st
July 2007 (£1/per m2/per annum) are unchanged from January
2007 and are as follows:
| Starter Units (c 25-75 sq m) | £ 90 |
| Nursery Units (c 150-200 sq m) | £ 70 |
| Industrial Units (c 500 sq m) | £ 60 |
| Industrial Units (c 1000 sq m) | £ 60 |
Read the full
Industrial Unit chapter of the Valuation Office report for
further information.
Want to know more?
You can undertake an online search for vacant commercial sites and premises in the Harrogate district via our Property Finder database.
You can view or download the full Valuation Office Property Market Report on the Valuation Office Agency website.
For a detailed statistical overview of the Harrogate district economy please click here