11-15 Micklegate, York, YO1 6JH
Size
3,767
Tenure
Freehold
EPC
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Parking
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- Primary use
- Other
No floor / site plan
Key features
- 3,767 sq.ft. of commercial property for sale in centre of York
- 2 Ground Floor Retail Units with 1st and 2nd Floor Offices above
- Established parade popular with retailers and professional occupiers
- Fully let to 4 separate tenants - total rental income: £59,500 p.a.
- £600,000 freehold reflecting NIY of 9.44%
Description
The property is situated on well established Micklegate and comprises two brick built mid-terrace listed properties under a pitched tiled roof. The freehold opportunity includes the ground floor retail of both 11 and 13 Micklegate and the first and second floors over 11-15 Micklegate.
Location
Micklegate is situated within York City Centre and is an established secondary retailing parade between the prime shopping areas and the mainline Railway Station, popular with retailers and also professional occupiers. The property is situated on the southern side of Micklegate, to the west of the River Ouse and approximately midway between George Hudson Street and Skeldergate. York is an important and historical principal commercial centre in the North of England, located 22 miles north-east of Leeds, 20 miles east of Harrogate and 12 miles east of the A1(M) motorway. It is widely acknowledged as being one of Europe’s most attractive cities and principal tourist destinations, able to boast a number of major companies including Nestle, Aviva and Shepherd Building Group.
Terms
The property is available freehold at £600,000 reflecting a NIY of 9.44%.
Tenancy Schedule
11 Micklegate: Let on 6 yr lease wef 2026 @ £13,000 p.a.
13 Micklegate: Let on 10 yr lease wef 2019@ £13,250 p.a.
FF 11-15 Micklegate: Let on 6 yr lease wef 2025 @ £19,250 p.a.
2nd Floor 11-15 Micklegate: Let on 6 year lease wef 2022 @ £13,500 p.a.
Total Rental Income: £59,500 p.a. See detailed Tenancy Schedule
- Service charge
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- Business rates
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- Use class
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- Listed building
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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
About Montpellier Property Consultants Ltd, North Yorkshire
Based in Harrogate, we are one of the leading commercial property specialists in North Yorkshire, handling commercial property sales, lettings and acquisitions in the Yorkshire region and nationally for private clients. From our offices in the heart of the Montpellier Quarter of Harrogate we provide specialist advice in Agency, Professional Consultancy, Development, Investment and Valuation.
We act for corporate businesses, public quoted companies, property companies, family trusts, businesses, individual investors, public bodies and charities. We also provide development consultancy, land sales and professional landlord and tenant advice.
We provide integrated property services to both corporate and private clients and pride ourselves in offering professional and comprehensive advice, giving the highest quality service and optimum results for all our clients.
For further information please visit our website
www.montpellierproperty.com
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