Tower Street, York YO1 9SA

£595,000

Guide price

  • Bedrooms: 3
Period end of terrace property situated within the heart of York city centre. Ground Floor retail unit (fully let) , self-contained, spacious, three bed maisonette with attic space. Unique residential dwelling or investment property.

DESCRIPTION

The property forms the left hand end of a terrace of properties which dates back to the mid 1800s. To the ground floor of the property is a lock-up retail shop, currently trading as a cafe. A spacious three bedroomed maisonette occupies the upper floors. The property provides a unique investment opportunity as buildings such as this in York city centre rarely come onto the market. It would be ideal for owner occupation of the maisonette with income from the ground floor retail unit. It may also be suitable as a pure investment property as the maisonette could be let separately or used as a holiday let.

RETAIL UNIT (GROUND FLOOR)

Net Internal Area: Sales area 36.9 sq.m (121 sq. ft). Preparation area: 5.75 sq.m (18.10sq. ft).

Comprising open plan trading area with store and preparation area to the rear. A rear yard which contains an external toilet and storage facility is used by the shop for delivery and services.

GROUND FLOOR

Entrance hallway. Utility area. Stairs to first floor with a bathroom at the half landing.

MAISONETTE

1430.99m (4694'10 )

Gross Internal Area - 1431 sq.m (4694'10 ).

FIRST FLOOR

Drawing Room and Kitchen.

SECOND FLOOR

Bedrooms 1, 2 and 3.

ATTIC

A useable space for either a further bedroom or storage.

GENERAL REMARKS

SERVICES

We understand that all mains services are connected to the property. The shop has independent supplies.

LOCAL AUTHORITY

City of York Council, West Offices, Station Rise, York, YO1 6GA. Telephone 01904 551550.

RATEABLE VALUE

Rateable value (Retail Unit) - £12,250 (2017 list)

Council Tax Band (Maisonette) - C

TENURE

The property is freehold.

The ground floor retail unit is subject to a lease for a term of 10 years from 3rd October 2008 at a passing rent of £13,250 per annum. The lease is drawn on effective full repairing and insuring terms with the tenant contributing towards any expenditure incurred in respect of the fabric of the building and 50% of the buildings insurance premium. The vendor holds a rent bond of the equivalent of the quarter's rent. The maisonette will be subject to vacant possession at the point of sale.

PLANNING

Interested parties are asked to make their own enquiries in relation to any planning matters direct to the Planning Department at City of York Council.

VALUE ADDED TAX

VAT may be chargeable on the sale price and if appropriate will be at the prevailing rate.

ENERGY PERFORMANCE CERTIFICATE

Retail Unit - E 123

Maisonette - E 48

VIEWING

Strictly by appointment with the sole selling agents, Barry Crux & Co, 20 Castlegate, York, Y01 9RP. Telephone 01904 659990.

Email: Admin@barrycrux.co.uk.

AGENTS NOTE

The property has been subject to flooding in periods of excessive flooding to York city centre. However, the ground floor was refurbished in 2013 with provision made to accommodate future possible flooding by appropriate materials. This also applies to the ground floor entrance hall to the maisonette.

It should be noted that the insurance policy currently in place carries an excess of £5,000 in respect of any future claim relating to flooding.

Arrange viewing 01904 863155

Hudson Moody - Micklegate

58 Micklegate, York

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