
47 Fossgate, York, YO1 9TF
- PROPERTY TYPE
Commercial Property
- SIZE
3,149 sq ft
293 sq m
Description
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 9TFBrochure47 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
Notes
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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