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112 Micklegate

4,117 SF 100% Leased Retail Building York YO1 6JX £450,000 (£109/SF)

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Investment Highlights

Great location
Local amenities

Signage

Executive Summary

The property offered for sale is for the freehold of the ground floor and basement only. The permitted use is that of a retail shop or restaurant. Offers in the region of £450,000 are being sought for the freehold interest in the property. A purchase at this level will provide the Purchaser with a gross initial yield of 5.5% rising to 7.33% in August 2026. The ground and basement floors, along with the rear courtyard, are let to Hillvale Associates Limited for a term of 15 years from 27th August 2016, at a commercial rent of £25,000. The lease expires on 26th August 2031.

Brochure

Property Facts

Sale Type

Investment

Property Type

Retail

Tenure

Freehold

Property Subtype

Storefront

Building Size

4,117 SF

Building Class

Year Built

1900

Price

£450,000

Price Per SF

£109

Percent Leased

100%

Tenancy

Multiple

Number of Floors

Slab to Slab

9 ft

Frontage

16 ft on Micklegate

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