Summary - 14-16, LAWRENCE STREET YO10 3WP
1 bed 1 bath Retail Property (high street)
Town-centre retail with residential upside close to university and station.
Vacant possession ground-floor retail with wide Georgian shopfront
Large rear yard with potential for storage or service access
Total area c.2,206 sq ft across three floors
Upper floors potentially convertible to residential (STP)
Single-storey rear could be extended upwards (STP)
Business Rates RV £29,500; reassessment likely on separation
Higher local crime levels; factor security measures and insurance
VAT may apply to purchase price
This prominent brick-built retail unit at 14–16 Lawrence Street offers immediate ground-floor trading space with vacant possession and a large rear yard. The ground floor provides a wide, Georgian-style shopfront ready for occupation; upper floors currently used as offices and storage could be made self-contained and converted to residential use, subject to planning. The property is well-located close to York University, the city centre and the train station, supporting both footfall and letting demand.
The building totals approximately 2,206 sq ft across three floors (ground c.1,297 sq ft; first c.558 sq ft; second c.351 sq ft). There is clear scope to add value by converting the upper floors into residential accommodation or extending the single-storey rear element upwards (both subject to planning). The town-centre location means excellent public transport links, strong broadband and an active local retail and leisure mix.
Buyers should note material considerations: the area records higher crime levels and the Rateable Value is currently £29,500 — business rates will need reassessment if the property is separated. VAT may be charged on the purchase price. No private garden or external amenity is shown and any conversion or extension will require planning consent and likely refurbishment works.
Overall, the property suits an investor or an owner-occupier retail operator seeking a town-centre base with residential upside, provided they factor in planning, refurbishment costs and local area considerations.
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