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Micklegate, York, North Yorkshire, YO1

Offers in Region of
£450,000

Business rates & charges may apply

Wetherby Property, Leeds
SIZE

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SECTOR

Restaurant for sale

USE CLASSUse class orders: A3 Restaurants and Cafes

A3

Key features

  • Investment Opportunity
  • Popular independent food & drink location
  • 7 years unexpired term
  • Low base rent
  • Index linked rent reviews
  • Guaranteed rental uplift 2026

Description

**FREEHOLD OPPORTUNITY** The property is located on Micklegate which forms an important route into York city centre and is now a leading location for food and drink venues. The property provides a ground floor restaurant/kitchen, along with additional basement seating and storage. The ground floor and basement are currently let for a term of 15 years (without breaks) from 24th August 2016, at a commercial rental of £25,000 p.a. Offers in the region of £450,000 are sought for the freehold interest, a purchase at this level will provide a gross initial yield 5.5% rising to 7.3% in August 2026.

Energy Performance Certificates

EPC

Brochures

Micklegate, York, North Yorkshire, YO1

Approximate location
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NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • York Station0.2 miles
  • Poppleton Station2.7 miles

About Wetherby Property, Leeds

The Nidd Suite, Brunswick Court, Victoria Steet, Wetherby, LS22 6RE

Notes

These notes are private, only you can see them.

Disclaimer - Property reference YorkYO1. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Wetherby Property, Leeds. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data ©OpenStreetMap contributors.

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