SOLD
23/01/26
3596
C 1054 / Rightbiz
We are delighted to offer this charming investment property situated in the heart of the conservation area of Acomb village enjoying a frontage directly onto Front Street with parking available outside. Acomb is probably York’s business suburb being home to a number of well known retailers including Morrisons, Boots, Specsavers to name but a few and the subject property is positioned in a good location very close to the library. The property comprises of a ground floor retail unit let out and run as a book shop with small seating area for hot and cold soft drinks plus a self contained and fully refurbished one bedroomed apartment above. Additionally there is a modern one bedroomed bungalow lying to the rear which thus creates a substantial mixed investment producing a considerable gross income. There is also the option of purchasing an adjoining two bedroomed terraced house, all within the same ownership.
This is an extremely appealing property in an excellent location and is very competitively priced.
ACCOMMODATION ( note, all dimensions are approximate )
Retail Unit approx 46.4 sq m ( 500 sq ft) plus a first floor store room of 9.5 sq m ( 102 sq ft)
This unit is let on a three year IRI lease from November 2025 at £11,400pa
First Floor Apartment ( 89a Front Street) Accessed from a shared passageway down the side of the retail unit and comprising of a landing with cupboard off housing gas combi boiler, lounge, fitted modern kitchen with electric hob with extractor hood over and separate oven, double bedroom, refitted shower room with walk in shower, low level wc and wash basin.
This is let at £850 per month from 13th August 2025.
Rear Bungalow ( 89b Front Street) Accessed from the same passageway as above and leading to, Fully fitted modern kitchen, passage to Shower room / wc comprising of a walk in double cubicle, wash basin and extractor fan, Separate wc. Lounge with views over the garden, double bedroom.
This is let at £825 per month
Total gross income £31,500pa.
RATES
The premises are assessed as follows :
Retail Unit RV £7700 from April 2026
Apartment Council tax band A
Bungalow Council Tax band A
EPC
The property has EPC ratings as follows:
Apartment D
Retail Unit C
Bungalow C
PRICE
£469,950 representing a gross yield of around 6.7%.
NOTE
The adjoining house comprises of a lounge, kitchen, 2 bedrooms and a bathroom/wc and is let at £900 pm from December 2025. can be purchased for a price to be agreed.
VAT.
All prices and rents are deemed to be exclusive of any VAT which may apply
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. Buyers will be required to provide details of their identity ( passport / driving license and two utility bills) and proof of funding ( bank statements / mortgage offer ).
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.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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