Property for sale

11-15 Micklegate, York YO1

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