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Status Withdrawn Post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
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.
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.
