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York, 68 Low Petergate

Rent: £95,000 - £95,000

Region: North Yorkshire

Town/City: York


YORK
The City of York is an internationally recognised heritage and cultural centre and tourist destination. It has a resident population of 200,000 but draws from and extensive and relatively affluent catchment across the Vale of York and beyond.  As well as York Minster and the City Walls and Castle, York has a wealth of tourist and cultural attractions and has a substantial University population too.

 

LOCATION
The property is located in Low Petergate, a popular location for quality retail outlets and restaurants.  The shop is located between the intersection with Stonegate and Goodramgate and forms part of a redevelopment undertaken around 2005 and providing this and four other retail units with residential accommodation above.  There are some significant high end retailers close by including Jo Jo Maman Bebe, Crew Clothing, Neals Yard, L’Occitanne, Mint Velvet and Reiss as well and a number of quality restaurants including Cote Brasserie, Café Rouge, Wildwood, Waygu and Vecchio Scuola.

 

DESCRIPTION
The property comprises a ground floor lock up retail shop fitted to a very high standard.  The property is Listed Grade II. In its present format the accommodation is fitted with separate storage areas, staff room, small office and 3 fitting rooms all on Ground floor area and created by stud partitioning.  The main retail area is air conditioned with tiled floor finish, modern ceiling and lighting.  The shop front is of a traditional style incorporating a double door entrance.

 

ACCOMMODATION

Net Frontage 5.75 m 18’ 10”
Internal Width 6.65 m 21’ 10”
Shop Depth 29.89 m 98’ 00”
Ground Floor NIA 192.33 m² 2,070 sq ft

TENURE
The premises are available on a new lease on a Full Repairing and Insuring basis via a service charge mechanism and incorporating 5 yearly upward only rent reviews.

 

RENT
Offers in the region of £95,000pa are invited.

 

RATES & SERVICE CHARGE
According to the Valuation Office website the premises are assessed for rating purposes as follows:-

Rateable Value £78,000

The 2019/20 Uniform Business Rate is 50.4p in the £.  Actual rates payable may be subject to transitional relief and is sometimes subject to individual circumstances so it is important to verify the actual rates payable with York City Council direct.

 

 

LEGAL COSTS
Each party to be responsible for their own legal costs incurred in connection with any transaction.

 

ENERGY PERFORMANCE CERTIFICATE
As the property is Listed there is no requirement to provide an Energy Performance Certificate.

 

VAT
All figures quoted in these terms are exclusive of VAT where chargeable

 

VIEWING
Strictly by appointment with @retail:
Bob Fletcher 0191 280 4238

or
Pete Townsend 0191 280 4239

Property type: Retail

Rateable value: £78,000

Planning use: A1

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