Gillygate, York

Positioned in one of York’s most prominent and historic city centre locations, this substantial Grade II listed mixed use property offers an exceptional investment opportunity on the highly regarded Gillygate, just moments from York Minster and the heart of the city.

The property forms part of an attractive late nineteenth century building constructed in terracotta and red brick beneath a slate roof. The symmetrical façade rises over three storeys and three bays, with decorative moulded terracotta detailing, distinctive two storey canted oriel windows and traditional shopfront set within ornate surrounds, creating a striking presence within this historic street scene.

The accommodation comprises a ground floor retail premises together with a substantial three bedroom apartment arranged across the upper floors, providing a flexible opportunity for investors seeking both commercial income and strong residential potential.

The ground floor shop is currently let at £18,000 per annum, with rent review imminent and lease running 2028, ability to renegotiate or extend the lease depending on requirements.

Above the commercial space is an impressive period apartment extending to approximately 1700 sq ft and arranged across the first and second floors. The accommodation includes three large double bedrooms, a spacious lounge with original fireplace, family bathroom and two separate WCs, with excellent proportions typical of properties from this era.

The apartment currently benefits from HMO planning and licensing with a potential income of approximately £28,080 per annum. Alternatively the generous floor area and prime city centre position could lend itself to a holiday let or boutique style accommodation, subject to the necessary permissions.

Externally the apartment benefits from a rear courtyard garden together with gated side access shared with the neighbouring commercial premises.

Anti-Money Laundering Compliance - We are legally required to conduct Anti Money Laundering checks on all purchasers and sellers. These checks become mandatory when a seller accepts a purchaser's offer on a property. Anti-Money Laundering checks are valid for 6 months from the date they are completed. If your purchase does not proceed and you make an offer on another property more than 6 months later, or if your checks are more than 6 months old when making a new offer, you will need to complete and pay for new checks. We use a partner supplier MoveButler, to carry out these checks on our behalf. They will contact you directly once your offer has been accepted (subject to contract) to complete the electronic verification process securely. There is a non-refundable charge of £30 + VAT per purchaser for these checks. This fee must be paid before we can issue a memorandum of sale to solicitors and is non-refundable under any circumstances. Ashtons receive a portion of this fee from Movebutler as compensation for facilitating these checks and our administrative role in the compliance process.