Golden Ball2 Cromwell Road, York, YO1 6DU

Description
The property comprises the ground, basement and first floor of a two storey corner building with part exposed brick, tiled and painted rendered elevations beneath a pitched roof.

Accommodation
Basement: The basement provides cellar and stores.

Ground: The ground floor provides a number of interconnecting trading areas with the bar servery to the front and seating on loose tables, chairs and bench seating for 70 customers. Ancillary areas include a number of stores, office and former trade kitchen to the rear. Customer WC’s are located in an attached extension accessible from the beer terrace.

First Floor: The first floor comprises the managers flat with two double bedrooms, a bathroom, sitting room and kitchen.

Externally: There is an enclosed customer area to the rear with seating on loose tables and chairs for 50 customers. There is a detached outbuilding to the side.

Tenure
The property is held freehold (Title Number NYK127068).

Tenancy
The entire property is let to The Golden Ball Co-Operative Limited on a 20 year lease from 28 July 2023 at a current rent of £48,343 per annum which is subject to five yearly open market reviews and annual RPI increases with a collar of 1% and cap of 4% (except in the open market review year). A rent deposit of £23,635 is held by the landlord.

Planning
The property is Grade II Listed and is situated within the Central Historic Core Conservation Area.

VAT
It is envisaged that the property will be sold as a TOGC so the transaction should therefore be exempt from VAT on the basis the purchasing entity is VAT registered.

EPC
D-76

Terms
We are instructed to invite offers in excess of £575,000 (8.0% NIY) assuming the usual purchasers costs.

Fixtures & Fittings
The fixtures and fittings are currently owned by the occupational tenant.

Money Laundering
Money Laundering Regulations require Savills to conduct checks upon all prospective purchasers. Prospective purchasers will need to provide proof of identity and residence.

Similar Investment Opportunities
If you have an ongoing requirement for similar investment opportunities then please visit the following website for a selection of properties we are currently marketing: https://sites.savills.com/stonegateportfolio

Viewings
All viewings must be made by prior appointment and under no circumstances should any direct approach be made to any of the occupational tenants staff.

For further information and all viewing requests please contact the sole selling agents Savills.