Summary - 3, BLAKE STREET YO1 8QJ
1 bed 1 bath Retail Property (high street)
### Standout Features:
- **Investment Potential:** Two ground floor retail units generating £75,000 annually, with room for rental growth.
- **Prime Location:** Situated in the bustling York City Centre, close to popular retailers and attractions like York Minster.
- **Historic Charm:** Beautiful Georgian architecture with large display windows enhances commercial appeal.
### Property Overview:
Located on the vibrant Blake Street in the heart of York, this property is an exceptional investment opportunity for those looking to capitalize on city-center retail. The two spacious ground floor units, spanning a total of 1,883 sq ft, currently yield a combined income of £75,000 per year with the possibility of increased rents. The buildings boast attractive period features, high ceilings, and ample natural light, making them suitable for a variety of retail or leisure concepts.
Nearby well-known names like McDonald's, Bettys, and The Ivy ensure a steady flow of foot traffic, supporting the potential for lucrative business ventures. While the upper residential units have been sold off, this offers the flexibility of pure retail focus without the hassle of additional management.
However, prospective buyers should be aware of the very high crime rate in the area, which may affect long-term investment stability. Despite this drawback, the property's large size and exceptional location in a cosmopolitan neighborhood highlight its excellent potential for returns. This unique property at £900,000 reflects an attractive gross initial yield of 8.3%, making it a compelling choice for savvy investors. Don’t miss out on the chance to own a piece of prime retail space in this historic city—opportunities like this are rare!
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