3 & 5 Blake Street, York, North Yorkshire, YO1 8QJ
Size
1,883
Tenure
Freehold
EPC
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Parking
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- Primary use
- High street retail
- Other use(s)
- Cafe
- Frontage
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No floor / site plan
Building amenities
Additional costs may apply for some services – please check the full property description for more details.
- Well connected
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
Description
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.
- Service charge
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- Business rates
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- Use class
- E
- Listed building
- No
An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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Brochure
3 & 5 Blake Street, York, North Yorkshire, YO1 8QJ
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