Summary - 57B MONKGATE YORK YO31 7PB
6 bed 6 bath Detached
Freehold, Grade II mixed-use building with immediate income and value-upside in central York..
- Grade II listed prominent corner property on Monkgate
- Combined annual rental income £90,696 from retail and five flats
- Retail unit let on 10-year lease from May 2022 (£33,000 pa)
- Five apartments all tenanted under assured shorthold tenancies
- Off-street car park included but let with commercial unit
- EPCs modest (E–D range); energy upgrades likely required
- Listed status restricts alterations and can complicate repairs
- Commercial lease has five-year tenant break; review affects income
A substantial Grade II listed, mixed-use building on Monkgate offering immediate rental income and long-term asset potential. The property comprises a ground-floor retail unit (let on a 10-year lease from May 2022) plus five well-presented, tenanted apartments across upper floors, producing a combined annual income of £90,696. Freehold held across five titles and positioned a few hundred yards from Monk Bar, the building benefits from strong city-centre connectivity and a prominent corner location.
This is primarily an investor opportunity: steady income from multiple assured shorthold tenancies and a commercial lease provides diversification. Recent roof works include a replaced rooflight and the apartments are described as well maintained. The retail lease contributes 30% towards building maintenance, and the small off-street car park is currently let with the commercial unit.
Important practical considerations are clear and material. The building’s Grade II listing will restrict alterations and can complicate repairs and consenting. EPC ratings across units are mixed and generally modest (E–D bands), which may require investment to improve efficiency. The commercial lease includes a tenant break clause at year five and an upwards-only rent review after five years — both affect future income certainty.
The property suits investors seeking a central, character asset with immediate cashflow and potential to enhance value through energy and compliance investment. Prospective purchasers should factor listing constraints, tenant arrangements, parking tied to the commercial lease, and local high-crime statistics into acquisition and management plans.
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