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COMMERCIAL

47 Fossgate, York, YO1 9TF

£1,650,000
Stephensons, York
PROPERTY TYPE

Commercial Property

SIZE

3,149 sq ft

293 sq m

Description

Restaurant investment property located on one of York's most desirable food and drink destinations

Traded as the ever popular Mumbai Lounge since 2010

Subject to a new 15 year FRI lease at £114,400 pa

Net Internal Area: 292 sq.m (3,149 sq.ft)

Description - The property forms a three storey restaurant premises, dating back to the 19th century. The building benefits from a corner position with large glazed retail frontage onto Fossgate, in addition to a return frontage onto Lady Peckitt's Yard.

Internally, the ground floor provides an open plan restaurant, commercial kitchen and customer toilets. Additional restaurant seating is located to the basement and first floor.

The residential parts to the rear and uppers do not form part of the sale.

Location - Fossgate forms a secondary retailing street within York city centre, located within close proximity to the prime shopping streets of Parliament Street and the historic Shambles.

Over recent years, Fossgate has become an increasing popular food and drink destination for both local and national operators with the likes of Cosy Club, The Hop and Spring Espresso in close proximty. The Merchants Adventurers hall is located a short distance to the south.

Accommodation - Net Internal Area: 292 sq.m (3,149 sq.ft)
Gross Internal Area: 312 sq.m (3,363 sq.ft)

Services - We understand that the property benefits from all mains services.

Tenure - Held on a long-leasehold basis on a 125 year lease from 2006 on a peppercorn rent. A service charge is payable with respect of the wider building relating to maintenance and buildings insurance.

The property is subject to an occupational lease dated 30th January 2025 for a term expiring 8th November 2039, at an initial rent of £114,400 per annum, plus a management fee of £500 per annum. The lease is on a full repairing and insuring basis and is subject to 5 yearly rent reviews (upwards only).

Rating Assessment - Rateable Value: £41,750

Energy Performance Certificate - The property has an energy performance asset rating of C 75. A full copy of the certificate is available upon request.

Viewings - Viewings strictly by appointment with the sole selling agent - Stephenson Estate Agents (Commercial & Development)

Value Added Tax - All figures quoted are exclusive of VAT. Where VAT is applicable, it will be charged at the prevailing rate.

Brochures

47 Fossgate, York, YO1 9TFBrochure

47 Fossgate, York, YO1 9TF

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • York Station0.6 miles
  • Poppleton Station3.1 miles
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About Stephensons, York

17 Colliergate York YO1 8BP
Industry affiliations:
Expect Better with Stephensons

Stephensons Estate Agents is North Yorkshire's leading independent estate agent, selling homes for over 150 years.

Combining our traditional values of honesty, integrity and excellence, we pride ourselves on delivering an unmatched level of service, support and guidance at

every step of the journey and our unrivalled signature marketing strategy to get your home the exposure it deserves.

Our Approach

Starting a new chapter and selling your home to move onto new pastures,whether to relocate, grow your family,start a new job, or anything in between,is a huge life moment. We understand how moving homes can be one of the most stressful, lengthy and time-draining things someone can do. But, it doesn't have to be that way. Moments like this should be stress-free, efficient and enjoyable, and the right estate agent partner should hold your hand throughout the process from beginning to end, giving you the space, time and reassurance to focus on preparing for your next chapter.

Here at Stephensons, we pride ourselves on going above and beyond every time and providing you with the expert advice, local knowledge, honesty and support you need.

Established in 1871, we've been selling homes in North Yorkshire for over 150 years, and our reputation, gleaming feedback, and clients who return to market each of their homes with us throughout their lifetime speak for themselves.

Our Commitment to You

From your property's initial valuation to your sales completion, we commit to providing a truly exceptional service. Our multi-award-winning sales team, recognised at the EA Masters and British Properly awards, genuinely care and delivers our tried and tested process with keen attention to detail and a personal touch.

Beginning with a visit from one of our qualified and experienced property valuers, who will come to your home to conduct a discreet zero-obligation valuation of your property, we will walk alongside you through every step of your selling journey.

We are always happy to help and give you constant access to our decades of property and local area expertise.We pride ourselves on keeping in touch, regularly updating you on the progress of your sale, and delivering a personal, thoughtful, and tailored client experience.

Industry leading marketing

At Stephensons, we believe that marketing is everything. Our vision is to deliver a package of marketing for your home that is above and beyond anything that you could imagine is possible.

We don't just take some photographs, list your property, and move on. Instead, we work alongside our expert property and social media marketers to give your home the exposure it deserves by combining luxury and bespoke photography, premium video tours and features on all our social media accounts.

Remember to follow us on all our dedicated social media accounts to see us in action.

READY TO START YOUR NEXT CHAPTER?

We can't wait to accompany you on this journey of a lifetime and support you in securing the best possible price for your property and a timely sale.

Our dedicated sales team are on hand and waiting to start the process with you. If you have any further questions or would like to discuss more, please don't hesitate to get in touch. In the meantime, you can stay in touch with us and get a first peek at our off-market properties and new listings by following us on Instagram.

Call us: 01904 625533

Notes

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Disclaimer - Property reference 33846587. 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 Stephensons, 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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