2 bed property for sale, Clarence Street, City Centre, York – £525,000
<p><strong>Substantial Mixed-Use Freehold in the Heart of Historic York</strong> – Reversion & Holiday-Let Potential<br />Guide Price £525,000 | <strong>Income £31,800 p.a., reversionary to circa £33,000 p.a.</strong></p> <p><br />A rare opportunity to acquire a mixed-use freehold in one of York’s most enviable city centre positions – moments from the medieval Bar Walls and directly opposite York St John University. The property combines a stylish apartment with a ground-floor commercial unit and offers genuine asset-management upside.</p> <p><strong>The apartment </strong> </p> <p>A beautifully presented two-bedroom, two-storey apartment finished to a high specification and offered fully furnished. The apartment has undergone extensive refurbishment in 2024. Enjoying characterful views toward York’s historic city walls, it is currently let at £1,750 per calendar month (£21,000 per annum). Subject to the necessary planning consents, it would lend itself superbly to a serviced or holiday-let operation given its prime, tourist-favoured location.</p> <p><br /><strong>The commercial unit</strong> </p> <p>A ground floor unit trading as a well-known, long-established independent takeaway. The fixed lease term has recently ended with the operator in occupation and keen to remain, therefore the current rent of £10,800 per annum can be reviewed to an estimated market level of around £12,000 which is a clear reversionary opportunity for an incoming owner.</p> <p><br /><strong>Location </strong></p> <p>Clarence Street sits where Gillygate meets Lord Mayor’s Walk, on the very edge of York’s historic core. <strong>York</strong> <strong>St John University is directly opposite</strong>, while the Minster, Bootham Bar and the city’s independent shops, bars and restaurants are all within a short walk. York railway station, with direct services reaching London in around two hours, is approximately one mile away.</p> <p><br />A versatile freehold asset in a location that consistently attracts strong tenant and visitor demand – equally suited to lifestyle buyers, owner-occupiers and investors.</p> <p><br /><strong>Key features:</strong><br />• Mixed-use freehold in the heart of York<br />• Income of £31,800 per annum, reversionary to circa £33,000 per annum<br />• Below-market commercial rent – clear reversionary upside (lease term ended, tenant keen to stay)<br />• High-specification, fully furnished two-bedroom duplex apartment<br />• Views toward York’s historic city walls<br />• Excellent holiday / serviced-let potential (subject to planning)<br />• Ground-floor commercial unit let to a long-established independent takeaway<br />• Directly opposite York St John University; minutes from York Minster<br />• Versatile asset suited to lifestyle buyers, owner-occupiers and investors</p> <p>Viewings by appointment only. <br /><br /></p>