Attractive Retail And Residential Investment For Sale In York | | York North Yorkshire | | Located close to York racecourse, this freehold investment property is part of a small parade fronting Tadcaster Road, one of the areas most prestigious addresses. Ideal for the small private investor wishing to see a better return on their capital. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 57107
ADVERT IMPRESSIONS : 12,030 TIME(S) | | | | BUSINESS SECTOR: | Commercial Property | | TRADE TYPE: | Investment Properties | | SALE: | Agent Sale | ASKING PRICE: | £199000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | The property forms part of a local parade fronting onto Tadcaster Road, one of the main routes into and out of the city centre and close to the Knavesmire, Yorks famous racecourse. The premises have been upgraded in the past, to include gas central heating and double glazing in the flat, and now offers retail accommodation on ground floor let to a successful deli operator and a self contained 1 bedroomed flat above.
ACCOMMODATION ( note, sizes are approximate only )
Ground Floor
Retail Sales 34.4m2
Staff wc facilities
First Floor
Approached from an external staircase at the rear which leads into:
Lounge/kitchen being fully fitted with modern units, gas central heating boiler, radiator.
Double bedroom radiator
Shower Room/wc fully tiled floor and walls, cubicle, wash basin and wc. Radiator.
RATES
The shop is shown on the Valuation Office rating web site as having a RV of £4350.
The flat is in Council Tax Band A.
LEASES
The shop is let for a 10 year term from April 2005 on a full repairing and insuring basis with 3 yearly rent reviews at a current rent of £8000pa which has not been revised since lease commencement.
The flat is let on an assured shorthold tenancy initially for 6 months from Feb 2012 at a rent of £495 per calander month.
Our client informs us that both tenants have been exemplary and there have been no rent arrears at any time.
Gross rental income is £13,940 pa.
PRICE
This attractive freehold investment is available at £199,000 producing a gross yield of around 7%.Try an offer ! | | | | | | FOR SALE | | | | | REFERENCE: | C 676 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
