Versatile Mixed-Use Freehold Opportunity with Income Potential
An exciting opportunity to acquire a substantial mixed-use property in a prominent position on Hull Road, ideally located close to York city centre and the University. The premises, formerly operating as a successful long established Chinese restaurant and takeaway, offers a fully equipped ground floor commercial unit with a two-bedroom apartment above, both offered with vacant possession.
The ground floor comprises a welcoming front restaurant area leading to a well-maintained commercial kitchen, which remains fully fitted and operational. To the rear is a useful store room and an external W.C. A central hallway provides internal access to the garage and stairs to the first floor.
The upper floor offers a self-contained two-bedroom apartment, featuring a living room with kitchenette, separate bathroom, and W.C. The apartment offers excellent rental potential for long or short-term lets.
Externally, the property benefits from a forecourt with off-street parking and access to the garage. A courtyard and rear access provide further convenience and flexibility for deliveries or tenant use.
Investment Potential:
Estimated commercial rent: £2,000 pcm
Estimated residential rent: £1,000 pcm
Total projected income: £36,000 per annum
This versatile property presents an excellent opportunity for investors, owner-occupiers, or those seeking a live/work setup in a well-connected part of York.
Rateable Value £9400 - 1st April 2023
Offered with full vacant possession.
