Residential Investment/Development Opportunity 2 Walmgate, York, YO1 9JT. sw.co.uk

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Augusta Carpenter
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1 Residential Investment/Development Opportunity 2 Walmgate, York, YO1 9JT sw.co.uk

Investment Summary Excellent location in the Heart of York City Centre Substantial Grade II Listed building with attached former School House and Cottage 6 one bedroom and 4 two bedroom self

2 Investment Summary Excellent location in the Heart of York City Centre Substantial Grade II Listed building with attached former School House and Cottage 6 one bedroom and 4 two bedroom self contained residential units Significant opportunity for refurbishment and/or redevelopment to enhance the income Rear garden area offering further potential development possibilities (subject to planning) Current income of 37,476 pa with the potential to rise to 68,460 pa when fully let Offers invited in the region of 1,275,000 for the freehold interest

There are regular direct train services to London in under 2 hours and Newcastle in around 1 hour. There are two universities and exceptional shopping and tourist facilities.

3 Location York has a population of some 206,900 people and is one the main tourist destinations in the country. The city benefits from an excellent communications network with the A1M approximately 10 miles to the west. There are regular direct train services to London in under 2 hours and Newcastle in around 1 hour. There are two universities and exceptional shopping and tourist facilities. Description The property is a freehold detached Grade II Listed block, formerly a hospital, then almshouse and school room with parts dating from The principal block contains 8 flats with a former school house and a cottage to the rear. There is a rear walled garden accessed via a passageway at the side of the building from Walmgate. We consider that this area may be suitable for further development (subject to planning). Situation The property is located right in the heart of the city overlooking the River Foss at the junction of Walmgate and Fossgate. Rear View There are numerous restaurants in the vicinity including Loch Fyne immediately opposite, the Blue Bicycle adjacent. The Coppergate Shopping centre is a few hundred yards away as are the main retail areas such as Parliament Street, Coney Street, The Shambles etc.

Unit Size (1) Beds Monthly Rent Flat 1 Flat 2 Flat 3 Flat 4 Flat 5 Flat 6 Flat 7 Flat 8 The Schoolhouse The Cottage 48.95 sq m (527 sq ft) 42.64 sq m (459 sq ft) 57.41 sq m (618 sq ft) 33.

4 Unit Size (1) Beds Monthly Rent Flat 1 Flat 2 Flat 3 Flat 4 Flat 5 Flat 6 Flat 7 Flat 8 The Schoolhouse The Cottage sq m (527 sq ft) sq m (459 sq ft) sq m (618 sq ft) sq m (362 sq ft) sq m (335 sq ft) sq m (595 sq ft) sq m (352 sq ft) sq m (481 sq ft) sq m (859 sq ft) sq m (1,261 sq ft) Annual Rent (2) Potential Monthly Rents Potential Annual Rents EPC Rating (3) 3, ,900 D 68 1 vacant 550 6,600 D 67 2 vacant 625 7,500 D , ,820 D , ,900 D , ,500 E , ,300 E 52 1 vacant 525 6,300 D , ,500 E 48 2 vacant 595 7,140 E 48 Totals 3,123 37,476 68,460 Tenancies The adjoining table sets out the current position along with our view of the potential rents that could be achieved upon re-letting the currently vacant accommodation. As at the date of these details 6 of the residential units are let with the remaining 4 currently being marketed by the managing agents. All tenancy agreements are on standard AST terms and further information regarding these is available upon request. Note 1: please note that the areas have been provided to us and interested parties are advised to verify these with an onsite inspection Note 2: The potential rents have been based upon either passing rents or the most recent rents achieved for the currently vacant units Note 3: Concessionary rent agreed. Previous rent was 575 pcm.

Ground Floor First Floor Second Floor Whilst every

floor plans contained here, doors, windows, rooms

responsibility is taken for any error, omission, or

This plan is for illustrative purposes only and

The services, systems and appliances shown have not

5 Ground Floor First Floor Second Floor Whilst every attempt has been made to ensure the accuracy of the floor plans contained here, doors, windows, rooms and other items are approximate and no responsibility is taken for any error, omission, or mis-statement. This plan is for illustrative purposes only and should be used as such by any prospective purchaser. The services, systems and appliances shown have not been tested and no guarantee as to their operability or efficiency can be given. Made with

Contact Information For further information please contact the following: Sanderson Weatherall Contact: Peter Heron Email: peter.heron@sw.co.uk Phone: 0113 221 6140 or Ashtons Contact: Peter Docwra Email: peter.

Proposal Offers are invited for the freehold of the property subject to the existing tenancies in the region of 1,275,000.

constitute any part of an offer or contract; 2) None of the statements contained in these particulars as to the properties are to be relied on as statements of representations of fact; 3) Any

6 Contact Information For further information please contact the following: Sanderson Weatherall Contact: Peter Heron Phone: or Ashtons Contact: Peter Docwra Phone: EPC The Energy Performance Asset Ratings are listed on the Tenancy Schedule and full copies of the certificates are available upon request. Proposal Offers are invited for the freehold of the property subject to the existing tenancies in the region of 1,275,000. Misrepresentation Act 1967: Messrs Sanderson Weatherall LLP for itself and for the vendor(s) or lessor(s) of this property whose agents they are, give notice that: 1) These particulars do not constitute any part of an offer or contract; 2) None of the statements contained in these particulars as to the properties are to be relied on as statements of representations of fact; 3) Any intending purchasers must satisfy themselves by inspection or otherwise as to the correctness of each of the statements contained in these particulars; 4) The vendor(s) or lessor(s) do not make or give and neither Messrs Sanderson Weatherall LLP nor any person in their employment has any authority to make or give any representation or warranty whatsoever in relation to this property; 5) None of the building s services or service installations (whether these be the specific responsibility of the freeholder, lessor or lessee) have been tested and are not warranted to be in working order. Finance Act 1989: Unless otherwise stated all prices and rents are quoted exclusive of VAT. Consumer Protection from Unfair Trading Regulations 2008 and Business Protection from Misleading Marketing Regulations 2008; Every reasonable effort has been made by Sanderson Weatherall to ensure accuracy and to check the facts contained in these particulars are complete. Interested parties are strongly advised to take appropriate steps to verify by independent inspection or enquiry all information for themselves and to take appropriate professional advice. Sanderson Weatherall LLP Registered in England company number OC Registered Office 25 Wellington Street Leeds LS1 4WG 4th May 2017

All Enquiries. sw.co.uk. Former elderly persons hoe operated until recently by City of York Council.

All Enquiries. sw.co.uk. Former elderly persons hoe operated until recently by City of York Council. Former elderly persons hoe operated until recently by City of York Council. Existing buildings extending to circa 14,176 sq ft (1317.02 sq m) Extensive site extending to circa 0.76 acres (0.31 hectares)