Summary - 8, WALMGATE YO1 9TJ
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- Prime city center location in a rapidly developing area
- Long leasehold of 999 years starting in 2024 with a peppercorn rent
- Current annual rent: £15,500
- Charming Georgian architecture with historic brick façade and sash windows
- Average-sized retail/residential space of 560 sq ft, suitable for various uses
- Proximity to popular attractions, dining, and retail shops
**Summary Description:**
Discover an exceptional investment opportunity in the heart of York! This charming Georgian property located on Walmgate offers both retail and residential potential, characterized by its iconic red brick façade and historic charm. With an expansive 999-year lease beginning in 2024 and a manageable annual rent of just £15,500, this property is not only a sound financial choice but also a chance to participate in the growth of a dynamic urban area.
A versatile interior layout allows for average-sized rooms, perfect for establishing a retail business or office space. With nearby attractions such as the Coppergate Shopping Centre and York Minster, along with a diverse mix of independent shops and cafes nearby, your clientele is sure to thrive in this bustling neighborhood. However, potential buyers should note that the property is sold as "TOGC," which may require additional considerations.
This property is ideal for investors looking to benefit from the continuous development of the cosmopolitan student and professional community surrounding it. Don't miss out on this opportunity to invest in a historic piece of York!
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