City Centre Freehold Retail Premises for Sale With Vacant Possession
PROPERTY DESCRIPTION 76 Low Petergate is a City Centre retail unit on three floors, well positioned close to an important junction and forming part of the City s main tourist route. The property is Grade II Listed and has a spiral staircase serving the two upper floors with a galleried section of the first floor being visible from ground floor. There is no external yard within ownership although access is available to the property s gas and electricity meters in the passage to one side and over which upper floor accommodation extends in part. Low Petergate is regarded as a good secondary retail pitch attracting both local shoppers and the City s ever increasing visitor numbers. Retailers in the street include major names such as Mint Velvet, Reiss, LK Bennett, JoJo Maman Bebe, L Occitane, etc. A street traders plan is enclosed. The sale represents a rare opportunity to acquire City Centre freehold retail property for owner occupation or creation of an income producing investment by letting. BUSINESS RATES An inspection of the Valuation Office Agency s website on 26th January 2016 revealed a Rateable Value of 27,000 (2010 Valuation List). A Listed Building currently gains 100% business rate relief whilst vacant. In the 2015/2016 financial year an occupier would pay 13,311 in business rates to City of York Council. ACCOMMODATION Ground Floor Sales: 364 sq.ft. (33.81 sq.m.) Two fitting rooms from a previous occupation remain in this area. First Floor: Front: 144 sq. ft (13.37sq.m.) Surrounding the galleried area Display Shelf: 22 sq.ft. (2.04 sq.m.) Rear: 170 sq.ft. (15.79sq.m.) Separate W.C.: Second Floor: A small door gives access to a roof void area of an adjoining ownership. Staff Storage/Kitchenette Area: 284 sq.ft. (26.38 sq.m.)
Ground Floor Sales First Floor Front
First Floor Rear Second Floor
SUMMER STREETSCAPE ENERGY PERFORMANCE CERTIFICATE
STREET TRADERS PLAN EXTRACT Rear Elevation Library Photograph Workshop Interior
THE SALE The freehold property with vacant possession is available for purchase. Being a Listed Building an Energy Performance Certificate is not required. Price Region: 450,000. Any offer on a subject to contract basis must be submitted in writing with full details of any conditions relating thereto being given. A timetable for a simultaneous exchange and completion of a sale should also be stated. Agents will subsequently require written proof of an ability to fund a purchase as part of the offer consideration process. INSPECTIONS Agents will be holding open viewings at regular intervals during the marketing campaign. Details can be obtained from the Agents - enquiries@blacksproperty.com or Tel: 01904 679733. VENDOR S SOLICITOR Acting for the Vendor in the event of a sale will be:- Mr M Hayward, Harrowells Ltd., Moorgate House, Clifton Moorgate, York. YO30 4WY Tel: 01904 690111 IMPORTANT NOTICE These particulars and photographs are provided subject to the following terms:- 1. They are for general guidance only and do not constitute the whole or any part of an offer or contract. No employee of Blacks has any authority to make or give any representation or warranty or enter into any contract. 2. Dimensions are approximate only and descriptions are given without responsibility on the part of Blacks or the Vendors or Lessors. Reference to plant, machinery, services, etc., does not constitute a representation of the adequacy, efficiency or condition. 3. All references to prices, rent, etc., exclude VAT which may apply and any offer made will be assumed to be VAT exclusive. 4. Dimensions, rating assessments, occupancy of the subject or adjoining property, etc., may from time to time change. Personal inspection, enquiry, and the taking of independent advice is imperative before a contract is entered into. 5. Current availability of this property should be checked before travelling to view. Email: enquiries@blacksproperty.com Tel: 01904 679733