Freehold Retail Investment
Freehold Retail Investment
The popular University City of York is the regional and retailing hub of North Yorkshire. The historic city, dominated by York Minster, is a major tourist attraction and home to global confectionary manufacturers such as Kraft Jacob Suchard and Nestlé. The property is prominently situated in the city centre on
Feasegate, close to busy retail thoroughfares of Parliament Street, Market Street and Spurriergate. Nearby occupiers include BHS, TK Maxx, Costa, HSBC, Gap, TM Lewin and Superdrug.
Freehold.
The popular University City of York is the regional and retailing hub of North Yorkshire. The historic city, dominated by York Minster, is a major tourist attraction and home to global confectionary manufacturers such as Kraft Jacob Suchard and Nestlé. The property is prominently situated in the city centre on
Feasegate, close to busy retail thoroughfares of Parliament Street, Market Street and Spurriergate. Nearby occupiers include BHS, TK Maxx, Costa, HSBC, Gap, TM Lewin and Superdrug.
Freehold.
The property comprises retail and ancillary accommodation on the
ground and first floor with ancillary accommodation on the second
floor.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises retail and ancillary accommodation on the
ground and first floor with ancillary accommodation on the second
floor.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reviews | |
|---|---|---|---|---|---|---|---|
| Ground First Second |
Gross Frontage Net Frontage Retail/Ancillary Retail/Ancillary Ancillary |
6.55 m 5.08 m 89.15 sq m 53.59 sq m 50.30 sq m |
21’ 6” 16’ 8” (960 sq ft) (577 sq ft) (541 sq ft) |
STONEBEACH LIMITED (t/a Patisserie Valerie) |
15 years from 15/12/2010 until 2025 |
£67,000 | 2015 and 5 yearly |
| Totals | 193.04 sq m |
(2,078 sq ft) |
£67,000 | ||||
(1) For the year ending 30th September 2010, Stonebeach Limited reported a turnover of £31,078,309, pre-tax profit of £3,914,128 and a
total net worth of £7,285,876. (Source: www.riskdisk.com 12/01/2012). Patisserie Valerie operates from over 50 outlets nationwide.
(Source: www.patisserie-valerie.co.uk 24/01/2012)
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