Mixed retail/residential investment. York. Ref: C 605

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Description

The property forms part of a busy parade of local shops, take-aways and restaurants, lying to the east side of the city and close to York University. The ground floor is let as an Indian take away whilst the upper floor consists of a self contained maisonette which is currently understood to be let at  £600per month.( to be confirmed ) To the rear, there is a yard area with a good sized storage building which could be let separately or possibly developed, subject to all consents.

Price

£199,500 REDUCED !!!

Details

Take away approx 32 sq.m

Outside staff wc.

Maisonette.

Ground Floor Hall, dining room, kitchen.

First floor Lounge, 2 bedrooms, bathroom/wc.

LEASE

The ground floor is let on a 15 year lease on internal repairing and insuring terms at a rent of £9,000pa. The kease has not yet been signed or the start date determined, but legal formalities will be completed prior to the sale. With the flat let at £600 pm, a total gross rent of £16,200pa can be achieved, excluding any possible additional income from the rear store.

RATES

The RV is £3550. ( 2010/2011)

Council Tax Band B

Viewing

By arrangement with The Agents on 01904 794812.

Important

Where staff are employed in a business, it is possible that they are unaware of any impending sale, therefore it is essential that all viewings are arranged through us and no direct approaches should be made under any circumstances.

Vat

All prices and rents are deemed to be exclusive of any VAT which may  apply.

Note

Details and general information provided within these particulars have been confirmed by The Client, are given in good faith and are believed to be correct, however all proposed purchasers/tenants must satisfy themselves as to the correctness of the information provided.  We understand that all services and items of equipment are in functional order, but no warranties can be given in this respect.