York House, St. Marys Gate, Chesterfield S41 7TH

Commercial Property

York House is a very imposing brick built former Council offices, located in the heart of the Historic market town of Chesterfield, sitting just beneath the famous Crooked Spire. This building is arranged over three floors, offering well equipped and maintained accommodation with a serviced lift (not tested) and totals an impressive 1,298 sq m2 (12,109 sqft) floor area.

The ground and first floor has been occupied for many years as bar and restaurant (formerly Baracuda) and is now benefitting from vacant possession(previously let at £50,000 per annum).

The second floor, known as York House Chambers, is let on a nine year FRI from 2019 at £20,000 per annum with a rent review due in October 2022. Potentially, if the property were to be fully let at the previous rent for the ground and first floor, this combined income would produce £70,000 per annum which, based on the guide price, represents an impressive 12.7% return, which will surely appeal to local and national investors. Thought suitable as a potential residential or mixed used conversion subject to usual planning consents. Prospective buyers must make all necessary independent enquiries in this respect for their specific, intended use prior to placing their bid, as this will be binding.

York House, is positioned next to the Vicar Lane Shopping Centre, where there is a multi-storey carpark along with well-known shops nearby including, H and M and M and S, Boots, Pandora and Cafes such as Caffe Nero and Costa Coffee. Chesterfield town centre has an attractive range of period properties along with superb road network connections providing swift access onto the M1 Motorway and the cities of Sheffield (11 miles north) and Derby (24 miles south).

There is a large bar area, dance floor, raised floor level, dumb waiter, bottle store, separate fire door access to all floors, outside courtyard with access to the cellar and staircase to first floor.

A luxury second floor accommodation with mostly original polished herringbone parque flooring, with reception area, large open plan with a number of separate rooms, kitchen, staff room and ladies and gents toilets. Separate street access and currently tenanted on a nine year FRI from 2019 at £20,000 per annum with a rent review due in October 2022.

All measurements are approximate. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

The premises are currently split on the Valuation Office website as:<br>Ground and first floor:<br>RV £47,250 per annum

All prices premiums and rents are quoted exclusive of VAT at the prevailing rent.

Freehold. Part let/part vacant.