Freehold Retail Investment
Freehold Retail Investment
York is an attractive and affluent historic city that is popular with tourists and home to the prestigious York University. York is located within 20 miles of both the North Yorks Moors and the Yorkshire Dales national parks. The city benefits from good road communications, being located on the A64/A59/
A19/A1079 and 13 miles east of the A1(M). York railway station provides direct services to London King's Cross in approximately 2 hours. The properties are located in the city centre between York Minster to the north and the Coppergate Shopping Centre to the south. The properties are situated on Church Street, between its junctions with Low Petergate and Parliament Street, just north of the Shambles. Occupiers nearby include a number of A3 users and Yo Sushi, Boots, Ladbrokes, Browns of York, Pizza Express, Turtle Bay, Barnitts and Game.
Freehold.
York is an attractive and affluent historic city that is popular with tourists and home to the prestigious York University. York is located within 20 miles of both the North Yorks Moors and the Yorkshire Dales national parks. The city benefits from good road communications, being located on the A64/A59/
A19/A1079 and 13 miles east of the A1(M). York railway station provides direct services to London King's Cross in approximately 2 hours. The properties are located in the city centre between York Minster to the north and the Coppergate Shopping Centre to the south. The properties are situated on Church Street, between its junctions with Low Petergate and Parliament Street, just north of the Shambles. Occupiers nearby include a number of A3 users and Yo Sushi, Boots, Ladbrokes, Browns of York, Pizza Express, Turtle Bay, Barnitts and Game.
Freehold.
The properties comprise two separate ground floor units, both with ancillary accommodation above. No.14 trades as an ice cream parlour and No.14A trades as a restaurant.
VAT is applicable to this lot.
Band D & Band E - see legal pack at www.acuitus.co.uk
The properties comprise two separate ground floor units, both with ancillary accommodation above. No.14 trades as an ice cream parlour and No.14A trades as a restaurant.
VAT is applicable to this lot.
Band D & Band E - see legal pack at www.acuitus.co.uk
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reviews/ (Reversions) |
|
|---|---|---|---|---|---|---|---|
| Ground First Second Third |
Retail Ancillary Ancillary Ancillary |
21 sq m 14.50 sq m 18 sq m 17.50 sq m |
(226 sq ft) (156 sq ft) (193 sq ft) (189 sq ft) |
INDIVIDUAL t/a Milk Shack (2) |
5 years from 13/07/2016 on a full repairing and insuring lease |
£20,000 (3) | (12/07/2021) |
| Ground First Second Third |
Retail Ancillary Ancillary Ancillary |
53 sq m 15 sq m 14 sq m 21.50 sq m |
(571 sq ft) (161 sq ft) (150 sq ft) (231 sq ft) |
INDIVIDUALS t/a Casa Di Pasta (4) |
10 years from 16/03/2018 on a full repairing and insuring lease (1) |
£30,000 (5) | 16/03/2023 (1) |
| Total |
174.5 sq m |
(1,878 sq ft) |
£50,000 | ||||
(1) Tenant's option to determine in 2021 and 2023.
(2) Milkshack York opened in August 2006 and has become firmly established as York's original, and best, milkshake shop
(Source: www.milkshack.weebly.com).
(3) Rent deposit of £12,918.34 held.
(4) "UK's first fresh food pasta restaurant!" (Source: www.casadipasta.co.uk).
(5) Rent deposit of £10,000 held.
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