101-105 GREEN LANE, YORK, YO24 4PS
The property comprises a three storey building being of traditional cavity construction with walls built in brick under a concrete tile pitched roof. There are timber and felt dormers on the front roof slope. The retail shop is double front and there is forecourt parking.
The property sits on a roundabout in the middle of a densely populated residential locality at Acomb about two miles from the centre of York and readily accessible for the York outer ring road. There are other shops on the parade including a Morrisons Daily and other private retail traders.
The property benefits from all mains services. No test of the services has been made.
The flats benefit from gas fired central heating. Purchasers should rely on their own investigations.
The property has the below entries in the 2023 Rating Assessments List. Interested parties should confirm these with the Local Authority.
| Rateable Value (2023) | Estimated rates payable |
| £17,000 | £8,500 |
This property is believed to have planning consent for its current use as retail on the ground and flats above. Purchasers should make their own enquiries with the Local Authority.
The whole building is subject to a lease from York Council dated 30th January 2017 for a term of 15 years at an annual rent of £23,950 per annum. The two flats are sub-let. 105 Green Lane is subject to an assured shorthold tenancy for six months from 10th December 2024. The tenants are currently holding over at a rent of £650 per calendar month. 1 Kingsway West is let on an assured shorthold tenancy from 26th May 2025 for a term of 6 months at a rent of £575 per calendar month.
The existing tenant is seeking to offer the lease for assignment. No premium is required. It may be possible to seek a longer term subject to negotiation with York City Council (the Landlords).
Our client advises that VAT is not applicable on this transaction. Your legal advisors should verify.
The ingoing tenant is to be responsible for the current tenants and the landlord’s legal fees in the transaction.