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112 Micklegate
York YO1 6JX

Retail Property For Sale

Storefront Properties North Yorkshire York 112 Micklegate, York YO1 6JX

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.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
4,117 SF
Building Class
B
Year Built
1900
Price
$818,473 CAD
Price Per SF
$199 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Slab To Slab
9’
Frontage
16 ft on Micklegate

LINKS

 

  • Listing ID: 33269608

  • Date on Market: 2024-09-23

  • Last Updated:

  • Address: 112 Micklegate, York YO1 6JX

The Retail Property at 112 Micklegate, York, YO1 6JX is currently available for sale. Contact Barry Crux & Co for more information.

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