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3 & 5 Blake Street, York, North Yorkshire, YO1 8QJ

Offers in region of

£750,000

Under offer

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Size

1,883

Tenure

Freehold

EPC

Ask agent

Parking

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Primary use: High street retail
Other use(s): Café
Frontage: Ask agent

No floor / site plan

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Building amenities

Additional costs may apply for some services – please check the full property description for more details.

Well connected

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Key features

Both units let on long term EFRI leases
Producing £80,000 per annum with room to potentially grow the rent roll at review
Prime location in York City Centre
Nearby occupiers include New Look, Lakeland, McDonalds, Berrys, Bettys and The Ivy
Close to York Minster
Residential accommodation within the first floor has been sold off
AWULT of 4 years

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Description

LOCATION
The subject units are located on Blake Street, a busy Retail and Leisure destination within the heart of York City Centre. Nearby occupiers include Ask, Toni & Guy, New Look, McDonalds and Lakeland to name a few.

DESCRIPTION
The property comprises two ground floor Retail/ Leisure units let separately generating £80,000 per annum exclusive. Above there are 4 residential units which have been sold off on 999 year leases from January 2007 at a ground rent of £10 pa each.

SIZE
3 Blake Street - 1,137 sq ft
5 Blake Street - 746 sq ft

TENANCY INFORMATION
The properties are both let on EFRI leases on the following terms:

3 Blake Street - 7 years from November 2024 to Mr Michael Brett at £45,000 pax with a Rent Review and Tenant only break option in November 2029.

5 Blake Street - 10 years from February 2020 to Clarksons (Petergate) Limited at £35,000 pax.

PROPOSAL
Offers are invited in the region of £750,000 which reflects an attractive 10.12% NIY.

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Additional information

Service charge: Ask agent
Business rates: Ask agent
Use class: E
Listed building: No

Energy performance certificate: Ask agent

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Brochure

3 & 5 Blake Street, York, North Yorkshire, YO1 8QJ

NEAREST STATIONS

York Station

0.41 miles

Poppleton Station

2.81 miles

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Disclaimer - Property reference blakestreet. 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 Colenso Commercial Agency 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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3 & 5 Blake Street, York, North Yorkshire, YO1 8QJ

1,883

Freehold

Building amenities

Key features

Description

Brochure

3 & 5 Blake Street, York, North Yorkshire, YO1 8QJ

Your search history

3 & 5 Blake Street, York, North Yorkshire, YO1 8QJ

1,883

Freehold

Building amenities

Key features

Description

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