* REFURBISHED RETAIL UNIT PROVIDING UNIQUE ACCOMMODATION

* LOCATED IN THE HEART OF YORK CITY CENTRE, ON THE HISTORIC LEADING SHOPPING STREET CLOSE TO THE INTERSECTION WITH ST HELEN’S SQUARE

* PROVIDES GROUND FLOORS SALES OF CIRCA 600 SQ.FT. PLUS FIRST FLOOR SALES STORAGE, OFFICE AND STAFF FACILITIES LOCATED TO THE BASEMENT, SECOND AND THIRD FLOORS

* THE INTERIOR PROVIDES AN ATTRACTIVE RETAIL ENVIRONMENT IN A WALK-IN CONDITION

DESCRIPTION

3 Stonegate is a high quality retail unit, recently extensively refurbished to provide exceptional accommodation throughout. This will be hugely beneficial to an occupier, with limited fitting out required.

The property would suit a variety of retailers and would be ideal for an occupier with an established brand to create a high profile in York City Centre.

The total net internal area is 170.99 sq.m. (1,840 sq.ft.) over five floors.

LOCATION

Stonegate is a fantastic retail location in the heart of York City Centre and the subject property occupies a good position close to the junction with St Helen’s Square, Blake Street and Davygate.

Stonegate is considered the leading shopping street in York and is also uniquely a popular location for visitors to the City due to its historic interest and close proximity to York Minster. As such, it captures extremely high levels of footfall and is a base for retailers such as Joules, White Stuff, Jo Malone, The White Company, Betty’s Tea Rooms and Berry’s Jewellers.

SERVICES

Mains water, electricity, gas and drainage are connected to the property.

LOCAL AUTHORITY

City of York Council.

RATEABLE VALUE

£47,250
For information on the rates payable, contact the Business Rates team at City of York Council.

LEASE TERMS

The property is available by way of a new effectively full repairing and insuring lease for a term of 10 years with a 5 year rent review, at an initial rent of £65,000 per annum, payable quarterly in advance.

The landlord is responsible for maintaining the exterior of the building and recovers the cost from the tenant by way of a service charge.

The landlord may consider some flexibility

VALUE ADDED TAX

VAT on the rent may be charged and this will be at the prevailing rate.