Price: £275,000 + vat
Attractive mixed investment with some development potential.
Ref: C 1033
Tenure: Freehold
Countoak House is a modern two storey building located in the heart of the busy suburb of Acomb, about 3 miles west of York city centre. Nearby retailers include Specsavers, Boots Chemist, Cooplands bakers and Halifax bank. The building enjoys a prominent position on the north side of Front Street with frontages to both Front Street and York Road (B1224) and comprises of a ground floor shop unit and a self contained office on the first floor. There is potential in the future for the upper floor to be converted into an attractive self contained apartment, subject to consents.
ACCOMMODATION
Ground floor Retail Net Internal Area approx 670 sq ft ( 62.2 sq m)
First Floor Office Net Internal Area approx 640 sq ft ( 59.5 sq m)
RATES
The premises are shown on the Valuation Office Rating web site as follows:
Ground floor RV £12,750. First Floor RV £7000. . Under current arrangements for small businesses, no rates should be payable by the occupier of the office however interested parties MUST check this information prior to proceeding.
LEASES
GROUND FLOOR
Let for 10 years to Mr Mobile Yorkshire Ltd ( with directors guarantee) from 20th October 2023 with 3 yearly rent reviews at a current rent of £15,500 pa paid monthly in advance. The tenant is responsible for internal and external repairs and decoration to include the outside frontages and also to reimburse 50 % of the building insurance premium.
FIRST FLOOR
Let to J R Hornsby for 6 years from 25th March 1997 being a continuation from the original lease which commenced in November 1990.The rent payable is £4500pa and the tenant is holding over. Tenant is responsible for internal repair and decoration and external decoration of the entrance door and frame and also to reimburse 50% of the building insurance premium.
NOTE: The office tenant is also one of the joint agents marketing this property.
EPC
The property has an EPC rating as follows:
Ground Floor C54 First Floor E123.
PRICE
£275,000 + vat representing a gross yield of around 7.3%.
COSTS
Each party to pay their own 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. Neither the agents nor any person in their employ bind themselves in any way, nor are any warranties given as to the correctness of the information provided. No part of these particulars form part of any contract or agreement for sale or lease
