The Victoria Vaults, 47-49 Nunnery Lane York, YO23 1AB

£ 17,500 pa / 2,808 sq ft
The Victoria Vaults, 47-49 Nunnery Lane, York - Picture 2023-12-19-16-06-23
The Victoria Vaults, 47-49 Nunnery Lane, York - Picture 2023-12-19-16-06-32
Use Class

Use Class

E

Size

Size

2,808 sq ft

Price

Price

£440,000

Key Features

  • Available with the benefit of an existing tenancy until 30th June 2025 or with full vacant position upon completion.

  • Located midway between Bishopthorpe Road (Bishy Road) and Micklegate Bar directly opposite the City walls and Bishophill residential district of the city.

  • Full 7 days a week license

  • Excellent medium term redevelopment opportunity, subject to planning, with low capital value of circa 145 per Sq Ft 13.47 per SqM on a GIA basis.

Description

Freehold for sale - Currently used as a live music venue

The subject premises comprise a substantial 2 storey end terrace building which trades as The Victoria Vaults Public House.

Constructed we would estimate at or around the 1930s the premises are of brickwork wall elevations extending to 2 storeys in height, with a parapet roof detail, surmounted by a hipped and pitched slate covered roof, with windows being softwood timber style with a mixture of casement and sash openers complete with feature banding detail to the brickwork wall elevations and low level painted feature courses in addition to further single and 2 storey rear additions.

Access to the public house can be achieved via 3 separate doors to the Nunnery Lane frontage or via a door to the rear, the latter which via a lobby provides access to the lounge bar to the right-hand side and a public bar to the left hand side, with the ground floor also accommodating male and female wc facilities and storage ancillary accommodation. The bars are fitted to a basic standard appropriate for use, with a mixture of solid concrete and suspended timber floors with carpet overlay, a mixture of carpet and sheet vinyl overlay, plastered and wall papered wall surfaces and plastered ceilings and surface mounted spot lighting. Both trading areas benefit from fully fitted timber bars and parameter seating and tables and chairs, gas central heating, supplemented by real fires, with the standard of fitment evidenced on the photographs attached to the rear of this report section.

Accommodation

2,808 Sq.Ft

Areas
Sq.Ft
Sq.M
Ground Floor, Bar Lounge
533
49.52
Public House, Public Bar
479
44.5

Financial

Lease Type

Existing Lease

Lease Term

The entire building is currently let on a full repairing and insuring lease for a term of years to expire 30 June 2025 at a current passing rent of 17,500 per annum exclusive. A copy of existing lease is available upon request.

Rent

Subject to contract, rental offers are invited in the region of £17500 per annum exclusive of rates, service charge, VAT (if applicable) and all other outgoings.

Service charge

Main water, electricity & gas.

Tenure

Freehold

Business Rates

In accordance with the Valuation Office web site the premises have a current rateable value of 2,300 as of 1st April 2023.

Sustainability

Energy Performance Certificate

62

Energy Performance Certificate Information

The premises have an energy performance rating of 62 C. A full copy of the Energy Performance Certificate is available upon request.

Misrepresentation Notice

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.

All data ©2024 Completely Property Technology Limited

This was last updated on 22/07/2024