Micklegate, York, North Yorkshire, YO1
£440.00 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,250 sq ft
116 sq m
- SECTOR
High street retail property for sale
- USE CLASSUse class orders: A1 Shops, A2 Financial and Professional Services, A3 Restaurants and Cafes and Class E
A1, A2, A3, E
Key features
- PRIME COMMERCIAL PROPERTY INVESTMENT OPPORTUNITY
- NET RENTAL INCOME £40,900 PER ANNUM
- ANNUAL RPI LINKED RENT REVIEWS
- LONG TERM LEASES
- LONG ESTABLISHED TENANTS
Description
Grade II* listed 3 storey property located on the extremely popular street of Mickegate within central York. The property comprises two commercial lets on the ground floor with a 5 bedroom AirBnB on the upper floor accommodation let off on a long leasehold interest.
Mickelgate has long been associated with the hospitality and leisure sector, boasting some top restaurants and bars, it is to be further enhanced by the creation of a 62 bed aparthotel opposite the subject property with construction on-going.
The property is subject to 3 leases producing a total rental of £40,900 per annum, all tenants have effective full repairing and insuring liabilities within their agreements;
122 Micklegate - Tenant - Sadie Belleh t/a Yie b You - 7 year lease from 10.07.2020 - Current Rental £14,000 p.a. - annual RPI increases (capped at 5%) - Effective FRI
124 Mickelgate - Tenant - Maison Parfaite Investments Ltd - 999 year lease from 17.09.2019 - Ground Rental - £150 p.a. - subject to RPI increases every 21 years - Effective FRI
126 Mickelgate - Tenant - Mr N Phattanavibul - Lease expiry 01.04.2036 -
Current Rental £26,750 p.a. - annual RPI increases - Effective FRI
Note - landlord is responsible for external repairs and insurance but reclaims by way of service charge from each tenant.
Planning - We recommend that interested parties make their own enquiries with
North Yorkshire Council on this - or complete and online enquiry
Contact us - North Yorkshire Council Customer Portal
Terms - Guide Price for the freehold interest - £550,000
Viewing - Strictly by appointment - /
VAT - We understand that the property is not opted for tax.
Brochures
Micklegate, York, North Yorkshire, YO1
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- York Station0.2 miles
- Poppleton Station2.7 miles
About Malcolm Stuart Property Consultants LLP, Tadcaster
Wilton House, Station Estate, Station Road, Tadcaster, LS24 9SG
Notes
Disclaimer - Property reference 122126MICK. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Malcolm Stuart Property Consultants LLP, Tadcaster. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Map data ©OpenStreetMap contributors.