4 Davygate York North Yorkshire YO1 8QZ

4 Davygate
York
North Yorkshire
YO1 8QZ

Freehold Prime Retail/Bank Investment

Let to Bank of Scotland plc until 2025
Historic city centre location
Prime pedestrianised retailing thoroughfare
Neighbouring occupiers include Karen Millen, Hobbs, Browns Department Store and adjacent to Debenhams

Lot
15
Auction
10th July 2012
Rent
£183,000 per Annum Exclusive
Status
Sold
Price
£2,600,000
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On behalf of Martin Ellis and John Montague as Joint Receivers

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Freehold Prime Retail/Bank Investment

Let to Bank of Scotland plc until 2025
Historic city centre location
Prime pedestrianised retailing thoroughfare
Neighbouring occupiers include Karen Millen, Hobbs, Browns Department Store and adjacent to Debenhams

Lot 15
Auction 10th July 2012
Rent £183,000 per Annum Exclusive
Status Sold
Price £2,600,000
Sector
Bank
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On behalf of Martin Ellis and John Montague as Joint Receivers

Property Information

Location

Miles: 23 miles north-east of Leeds 55 miles north-east of Manchester
Roads: A1(M), A59, A64, M1, M18, M62
Rail: York Rail
Air: Leeds Bradford International Airport, Humberside Airport

Situation

The popular University City of York is the regional and retailing hub of North Yorkshire. The historic city, dominated by York Minster, is a major tourist attraction and home to global confectionary manufacturers such as Kraft Jacob Suchard and Nestle. The property is prominently situated in a prime pedestrianised retailing position on the south side of Davygate, one of the citys prime retailing thoroughfares. Neighbouring occupiers include Karen Millen, Hobbs, Browns Department Store and next to Debenhams.

Tenure

Freehold.

Location

Miles: 23 miles north-east of Leeds 55 miles north-east of Manchester
Roads: A1(M), A59, A64, M1, M18, M62
Rail: York Rail
Air: Leeds Bradford International Airport, Humberside Airport

Situation

Tenure

Freehold.

Description

The property comprises retail/banking hall accommodation on the ground, with office accommodation on the second floor and in the basement. The property benefits from a lift which serves all floors.

Note
A small part of the property (shown in blue on the plan above) is held for a term of 99 years from 25th December 1970 at a current rent of £907.20 per annum exclusive.

This property is being marketed for sale on behalf of Joint Receivers and therefore no warranties or guarantees in any respect, including as to VAT status, can be given. The Joint Receivers are not bound to accept the highest or any offer and are acting without personal liability.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Basement Ground First Second	Storage Banking Hall Offices Storage	134.99 sq m 138.80 sq m 120.50 sq m 99.31 sq m	(1,453 sq ft) (1,494 sq ft) (1,297 sq ft) (1,068 sq ft)	BANK OFSCOTLAND PLC	20 years from 27/05/2005 until 26/05/2025 on a full reparing and insuring lease	£183,000	2015, 2020
Totals		493.60 sq m	(5,312 sq ft)			£183,000

(1) For the year ending 31st December 2011, Bank of Scotland plc reported a total net worth of £17,943,000,000 and a working capital of£35,618,000,000. (Source: www.riskdisk.co.uk 12/06/2012)