24 Parliament Street York North Yorkshire YO1 8RS

24 Parliament Street
York
North Yorkshire
YO1 8RS

Prime Freehold Retail Investment

Excellent trading location on one of York's principal retailing thoroughfares
Nearby occupiers include Marks & Spencer, Browns of York Department Store, GAP, TM Lewin, The Disney Store, Molton Brown and Pizza Express
New 10 year lease from September 2017 (subject to option)
Rare opportunity to purchase in historic and attractive cathedral city

Lot
22
Auction
14th February 2018
Rent
£35,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Prime Freehold Retail Investment

Excellent trading location on one of York's principal retailing thoroughfares
Nearby occupiers include Marks & Spencer, Browns of York Department Store, GAP, TM Lewin, The Disney Store, Molton Brown and Pizza Express
New 10 year lease from September 2017 (subject to option)
Rare opportunity to purchase in historic and attractive cathedral city

Lot 22
Auction 14th February 2018
Rent £35,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 24 miles north-east of Leeds, 55 miles north-east of Manchester
Roads: A19, A59, A64, A1237, A1(M)
Rail: York Railway Station
Air: Leeds Bradford International Airport

Situation

York is an attractive and affluent historic city that is popular with tourists and home to the prestigious York University. The property is located on the northern side of Parliament Street, one of the town's prime retailing thoroughfares, close to its junction with St Sampson’s Square and Davygate and opposite Feasgate. TSB Bank and Boots Opticians adjoin the property, with other nearby retailers including Marks & Spencer, Pret a Manger, GAP, Molton Brown, Pizza Express, The Disney Store and TM.Lewin, with Browns of York Department Store also nearby.

Tenure

Freehold.

Location

Miles: 24 miles north-east of Leeds, 55 miles north-east of Manchester
Roads: A19, A59, A64, A1237, A1(M)
Rail: York Railway Station
Air: Leeds Bradford International Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor shop with ancillary accommodation on the basement, first and second floors.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor shop with ancillary accommodation on the basement, first and second floors.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
Ground Basement First Second	Retail Ancillary Ancillary Ancillary	35.95 sq m 34.50 sq m 23.00 sq m 23.60 sq m	(387 sq ft) (371 sq ft) (248 sq ft) (254 sq ft)	ADEEN IT SOLUTIONS LIMITED (1) t/a Phone Tech	10 years from 15/09/2017 until 14/09/2027 (2) on a full repairing and insuring lease (3)	£35,000 (4)	15/09/2022
Total		117.05 sq m	(1,260 sq ft)			£35,000 (4)

(1) Established in 2014, Adeen IT Solutions Limited provide retail and repair of mobile phones, mobile phone accessories, laptops, PCs and other communication products. The tenant trades from other shops in Macclesfield and Lincoln.
(2) The lease is subject to a tenant option to determine on 15th September 2022.
(3) The lease is full repairing and insuring subject to a photographic schedule of condition.
(4) The tenant is paying £8,750 until September 2018 when the rent increases to £35,000 per annum. The Vendor has agreed to adjust the completion monies so that the property effectively produces £35,000 p.a.x. from completion of the sale until the end of the quarter rent period.