Summary
| Property Type | Investment |
| Tenure | For Sale |
| Size | 3,767 sq ft |
| Price | £600,000 |
| Rates Payable | Upon Enquiry |
- 3,767 sq.ft. of commercial property for sale in centre of York
- 2 Ground Floor Retail Units with 1st and 2nd Floor Offices above
- Established parade popular with retailers and professional occupiers
- Fully let to 4 separate tenants - total rental income: £59,500 p.a.
- £600,000 freehold reflecting NIY of 9.44%
About
The property is situated on well established Micklegate and comprises two brick built mid-terrace properties under a pitched tiled roof. The freehold opportunity includes the ground floor retail of both 11 and 13 Micklegate and the first and second floors over 11-15 Micklegate.
Accommodation
| Name | sq ft | sq m | Rent | Availability |
| Ground - Floor 11 Micklegate | 444 | 41.25 | £13,000 /annum | Let |
| Ground - Floor 13 Micklegate | 497 | 46.17 | £13,250 /annum | Let |
| 1st - Floor 11-15 Micklegate | 1,565 | 145.39 | £19,250 /annum | Let |
| 2nd - Floor 11-15 Micklegate | 1,261 | 117.15 | £13,500 /annum | Let |
| Total | 3,767 | 349.96 |
Location
Micklegate is situated within York City Centre and is an established secondary retailing parade between the prime shopping areas and the mainline Railway Station, popular with retailers and also professional occupiers. The property is situated on the southern side of Micklegate, to the west of the River Ouse and approximately midway between George Hudson Street and Skeldergate. York is an important and historical principal commercial centre in the North of England, located 22 miles north-east of Leeds, 20 miles east of Harrogate and 12 miles east of the A1(M) motorway. It is widely acknowledged as being one of Europe’s most attractive cities and principal tourist destinations, able to boast a number of major companies including Nestle, Aviva and Shepherd Building Group.
Mainline Stations
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York6 mins
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Poppleton55 mins
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Hammerton164 mins
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Ulleskelf171 mins
Underground Station
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Chesham3029 mins
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Amersham3071 mins
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Broxbourne3073 mins
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Chalfont and Latimer3084 mins
Further Information
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Terms
The property is available freehold at £600,000 reflecting a NIY of 9.44%.
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Tenancy Schedule
11 Micklegate: Let on 6 yr lease wef 2026 @ £13,000 p.a.
13 Micklegate: Let on 10 yr lease wef 2019@ £13,250 p.a.
FF 11-15 Micklegate: Let on 6 yr lease wef 2025 @ £19,250 p.a.
2nd Floor 11-15 Micklegate: Let on 6 year lease wef 2022 @ £13,500 p.a.
Total Rental Income: £59,500 p.a. See detailed Tenancy Schedule
Gallery
