SOLD Small Retail Investment. Bishopthorpe, York. Ref: C 615

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Description

The property is located in a parade of local shops including a hairdressers, fish and chip shop, and a bakers, all situated at the end of Sim Balk Lane in the centre of the attractive and popular village of Bishopthorpe. The property is of brick and tile construction and in common with the others in the parade, has customer parking in a pull in directly outside as well as unrestricted on street parking. In our opinion, this is an ideal small investment for the private purchaser offering great potential for future capital growth.

Price

NOW SOLD

Details

Sales Area Zone A 14.6 sq.m ( 157 sq ft )

                   Zone B  5.8 sq.m ( 62 sq ft )

Lobby with sink unit, leading to a staff WC.

RATES

The property has a Rateable Value of £2600.

LEASE

A new 6 year FRI lease has been agreed with a mid term review and a tenants break clause at the end of Year 3. The property is let to Quantum Estate Agents who are a local 2 branch firm and who have been in occupation since 2005. The rent is £6240 pa ( £120 pw ) The tenants intend to invest a considerable sum on a new shop front and various internal alterations over the coming months which is a good indication of their level of confidence in this location.

COSTS

Each party will be responsible for their own legal costs.

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.