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3 & 5 Blake Street 2 Retail Properties Offered at $1,199,153 in York
INVESTMENT HIGHLIGHTS
- 2 ground floor Retail/ Leisure units
- The subject units are located on Blake Street, a busy Retail and Leisure destination within the heart of York City Centre
- Fully let generating £75,000 per annum
EXECUTIVE SUMMARY
Part let Investment comprising 2 adjoining shops, one let to a clothes retailer and the other vacant in prominent location.
3 Blake Street is available for lease or sale. 5 Blake Street is available for sale.
The properties are both let on EFRI leases on the following terms:
? 3 Blake Street – 7 years from November 2024 to Mr
Michael Brett at £45,000 pax with a Rent Review and
Tenant only break option in November 2029.
? 5 Blake Street – 10 years from February 2020 to
Clarksons (Petergate) Limited at £30,000 pax. There is
an outstanding Rent Review from February 2025
PROPOSAL
Offers are invited in the region of £900,000 which reflects an attractive 8.3% Gross Initial Yield
3 Blake Street is available for lease or sale. 5 Blake Street is available for sale.
The properties are both let on EFRI leases on the following terms:
? 3 Blake Street – 7 years from November 2024 to Mr
Michael Brett at £45,000 pax with a Rent Review and
Tenant only break option in November 2029.
? 5 Blake Street – 10 years from February 2020 to
Clarksons (Petergate) Limited at £30,000 pax. There is
an outstanding Rent Review from February 2025
PROPOSAL
Offers are invited in the region of £900,000 which reflects an attractive 8.3% Gross Initial Yield
PROPERTY FACTS
| Price | $1,199,153 | Number of Properties | 2 |
| Price / SF | $438.29 / SF | Individually For Sale | 0 |
| Cap Rate | 8.30% | Total Building Size | 2,736 SF |
| Sale Type | Investment | Total Land Area | 0.37 AC |
| Status | Active |
| Price | $1,199,153 |
| Price / SF | $438.29 / SF |
| Cap Rate | 8.30% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 2,736 SF |
| Total Land Area | 0.37 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 5 Blake St, York YO1 8QJ | Retail | 1,599 SF | 1900 | - |
| 3 Blake St, York YO1 8QJ | Retail | 1,137 SF | 1890 | - |
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3 & 5 Blake Street
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