The City of York has a dynamic and well-balanced economy is well placed to benefit from inward investment over the coming years. Major occupiers include Nestle, Network Rail, Aviva, Shepherd Building Group, Northern Rail and Hiscox Insurance.

It is one of the United Kingdom’s major tourist destinations, ranked second only to London, boasting attractions including York Minster, the City Walls, The Jorvik Museum, York Barbican and The National Railway Museum amongst others.

The property is located at the southern side of York City Centre in a rapidly developing commercial/ retail/ residential/ hotel district. Fossgate and Walmgate possess a picturesque and varied historic character. The area has an eclectic mix of uses including independent shops, restaurants, pubs, offices, residential and light industry. Activity in the area is likely to increase in the future as a result of new and planned developments nearby.

Nearby major buildings include: Coppergate Shopping Centre, Castle Museum, Clifford Tower, Hampton by Hilton Hotel, York Law Courts, Tesco Express and The Spark.

Building comprises a three storey retail / residential property which is brick with a pitched tiled roof built in the 19th century.

The property is leasehold 999 years from 2024 on a peppercorn rent.

The property provides the following approximate areas:

Retail
4 Walmgate – 615 sq ft
6 Walmgate – 790 sq ft
8 Walmgate – 560 sq ft
8A Walmgate – 760 sq ft

Residential
Flat 1 – 4 Walmgate – 645 sq ft
Flat 2 – 4 Walmgate – 425 sq ft
Flat 1 – 6-8 Walmgate – 1,065 sq ft
Flat 2 – 6-8 Walmgate – 865 sq ft
Flat 3 – 6-8 Walmgate – 505 sq ft
Flat 4 – 6-8 Walmgate – 940 sq ft
Flat 5 – 6-8 Walmgate – 550 sq ft
Flat 6 – 6-8 Walmgate – 550 sq ft
Flat 5 – Malt Shovel Court – 580 sq ft
Flat 6 – Malt Shovel Court – 535 sq ft
Flat 7 – Malt Shovel Court – 780 sq ft

Total – 10,165 sq ft

4 Walmgate

Ground floor retail – premises are let to P&S Hobbies who are holding over on an expired lease for a term of 9 years from 25 December 2001 at a current rent of £9,000 per annum on internal repairing and insuring terms.

Flat 1 – is currently vacant.

Flat 2 – Let on an AST to an individual who is holding over on an expired lease for a term of 6 months from 31 March 2014 at a current rent of £5,700 per annum.

6 Walmgate

6 Walmgate – ground floor premises are let to Quantum who are holding over on an expired lease for a term of 9 years from 25 December 2001 at a current rent of £12,500 per annum on internal repairing and insuring terms.

8 Walmgate – ground floor premises are let to Agosto on a 10 year lease to expire 22 August 2032 at an annual rent of £15,500.

8a Walmgate – ground floor premises are let to Canvas who are holding over on an expired lease of 3 years at an annual rent of £16,500.

Flat 1 – Let on an AST to an individual who is holding over on an expired lease for a term of 12 months from 30 September 2019 at a current rent of £9,492 per annum.

Flat 2 – Vacant

Flat 3 – Let on an AST to an individual who is holding over on an expired lease for a term of 12 months from 21 May 2004 at a current rent of £8,508 per annum.

Flat 4 – Let on an AST to an individual who is holding over on an expired lease for a term of 12 months from 22 September 2017 at a current rent of £10,476 per annum.

Flat 5 – Vacant

Flat 6 – Let on an AST to an individual who is holding over on an expired lease for a term of 12 months from 23 February 2018 at a current rent of £7,788 per annum.

5 Malt Shovel Court – Let on an AST to an individual who is holding over on an expired lease for a term of 12 months
from 1 August 2016 at a current rent of £6,960 per annum.

6 Malt Shovel Court – Vacant

7 Malt Shovel Court – Let on an AST to an individual who is holding over on an expired lease for a term of 12 months from 8 August 2016 at a current rent of £7,560 per annum.