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57/59 Monkgate & 2 Penleys Grove Street, York, YO31 7PB

£1,500,000

Business rates & charges may apply

Barry Crux & Company Limited, York
SIZE

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SECTOR

Mixed use property for sale

Key features

  • WONDERFUL INVESTMENT OPPORTUNITY LOCATED IN YORK
  • COMPRISES A RETAIL UNIT AND 5 APARTMENTS
  • FULLY LET WITH A CURRENT RENTAL INCOME OF £86,160 PER ANNUM
  • BEAUTIFULLY MAINTAINED GRADE II LISTED PROPERTY

Description

DESCRIPTION

The property provides a substantial detached period building with accommodation over 5 floors. The ground and lower ground comprises a spacious retail unit with a lovely Oakleaf conservatory
to the rear and a small car park. Off Monkgate there is a separate entrance providing access to three apartments each with kitchen,sitting room, bedroom and bathroom. Off Penleys Grove Street is a further entrance to two apartments, one of which provides a kitchen, sitting room, bedroom and bathroom and the other is over two floors, with kitchen, sitting room, two bedrooms, bathroom and shower room.

LOCATION

The subject property is located in York, on Monkgate which forms one of the main arterial routes into and out of the City Centre, the latter starting within three hundred yards or so at Monk Bar.
Monkgate also forms part of the City's inner ring road system. The property is position at the junction of Monkgate with Penleys Grove Street

TENURE & LEASES

The property is held freehold by way of 5 separate freehold titles.

The retail unit is let for a term of 10 years from 19 May 2022 with a tenant break clause after 5 years at a rent of £33,000 per annum subject to an upwards only rent review after 5 years.

The apartments are all let by way of assured shorthold tenancy agreements at rents totalling £53,160 per annum.

ENERGY PERFORMANCE CERTIFICATE

The property has the following energy ratings:

59 Monkgate - D81
57a Monkgate - E46
57b Monkgate - E50
57c Monkgate - E44
2a Penley's Grove Street - E41
2b Penley's Grove Street - D67

Brochures

57/59 Monkgate & 2 Penleys Grove Street, York, YO31 7PB

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • York Station0.8 miles
  • Poppleton Station3.1 miles

About Barry Crux & Company Limited, York

20 Castlegate, York, YO1 9RP

Barry Crux & Company is an independent firm of Chartered Surveyors and Property Consultants providing a range of services throughout the North from our base in the heart of the historic City of York.

We have an ethos that demands giving the best service possible and delivering results. Our clients and potential clients are our most important asset and their future is our future. We do not pursue easy solutions for short term gains but expect to advise and assist in development toward

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Notes

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Disclaimer - Property reference C2120a. 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 Barry Crux & Company Limited, York. 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.

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