Property Overview

1 Ebor Street, Bishopthorpe Road, York YO23 £300,000

- Outstanding commercial sale and leaseback investment opportunity.

- Located in a very popular and prominent position within the Bishopthorpe Road high street.

- New 12 year lease at £20,000 per annum on EFRI terms.

- Gross Internal Area approximately 94 m² (1,011 sq ft).

Description - The original section of the property is of solid brick construction, beneath a pitched and hipped, tile covered roof. A single storey flat roofed extension has been added to the rear (Ebor Street elevation). The first floor forms a residential unit. Please note that this has been sold off on a long leasehold (i.e. effective freehold) basis and does not form part of the sale.

Internally, the interior and shop frontage have recently been fit-out to a very high standard by the vendor. The internal accommodation includes a restaurant/bar, preparation area, takeaway, servery and toilets.

Location - The property is located in a very popular prominent position within the Bishopthorpe Road high street. Bishopthorpe Road contains a number of national and regional occupiers, as well as some very popular and local businesses. It won the highly regarded "Britain's Best High Street" award in 2015 and the locality is seen as being one of the most popular and high value areas in northern England. The property is located at the junction of Ebor Street, which extends to the north.

Accommodation - The property extends to a gross internal area (gia) of approximately 94 m² (1,011 sq ft).

Services - We understand that mains supplies of water/drainage, gas and electricity are connected to the subject property.

Tenure - The property is available on a freehold basis. Rights of way exist over a driveway to the east, connecting with Ebor Street (to the north). Please note that the flat above has been sold off on a long leasehold (i.e. effective freehold basis) and does not form part of the property. The owner of the flat reserves the right for access over the rear of the subject property, but they are also liable for a service charge in respect of a fair proportion of the costs of maintenance and upkeep of the wider building (to include a contribution towards the annual buildings insurance premium).

Proposed Lease Terms - The property is to be leased to the trading business on effective full repairing and insuring terms for 12 years from the date of sale at £20,000pa. The lease will be subject to 3 yearly upwards only rent reviews. There will be a tenant only break option after 3 years. The tenants will be responsible for the payment of non-domestic rates and utilities relating to their occupation.

Rateable Value - £16,000

Energy Performance Certificate -

Viewings - Viewings strictly by appointment with the sole selling agent - contact Elliot Newby MRICS - 01904 233185 / elliot@stephensons4property.co.uk

Value Added Tax - All figures quoted are exclusive of VAT. Where VAT is applicable, it will be charged at the prevailing rate.

Agents Note - Under the Estate Agency Act 1979, we are obliged to inform you that the owner of this property is a relative of a Partner of Stephensons Estate Agents LLP.

Date Prepared - January 2024

Ebor Street The Fishermans Wife, 1 York YO23 1AX

Property Overview

1 Ebor Street, Bishopthorpe Road, York YO23 £300,000

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