Residential Investment / Development Opportunity

A Vacant Freehold Comprising 15 Student Bed Spaces, Located Close to The University of York

65 & 67 Fulford Road, York, YO10 4BD

INVESTMENT CONSIDERATIONS

• Freehold

• Vacant former student accommodation

• Comprising 15 student bed spaces

• Opportunity to reconfigure existing accommodation (subject to gaining all necessary consents)

• Total floor area (GIA) - 328.9 sq m (3,540.4 sq ft)

• Centrally located close to the City Centre and York University

LOCATION

The property is located in the City of York, North Yorkshire approximately 40 km (25 miles) to the north east of Leeds. The City of Hull is located 64 km (40 miles) to the south east of York. The City benefits from an excellent network of roads with junctions of the A1 (M) and M62, approached via the A64 and A14, within 24 km (15 miles) and 32 km (20 miles) respectively. The M62 provides good links to Hull, Leeds and Manchester, whilst the A1 (M) links with Newcastle, Sheffield and Nottingham. Within 2 km (1.3 miles) of the property, York Train Station provides regular direct links to Leeds within 25 minutes and Newcastle and London (east coast main line) within 1 hour and 2 hours 20 minutes respectively.

Situated centrally in York, the property lies just outside the City

walls on Fulford Road. This road is a main arterial route which links directly to the A19. Central York is easily accessible and is situated, approximately 1 km (0.65 mile) to the north. The immediate area includes a bed and breakfast, two local primary schools, local shops, pubs and restaurants; the majority of which are situated on Fulford Road itself.

The University of York is situated approximately a 2.25 km (1.1 mile) drive from the property, although a shorter walking route is available along public pathways through the Walmgate Stray. The University of York is a Russell Group university with a strong international reputation. Currently ranked 15th in the Times Good University Guide, approximately 15,000 students were enrolled in 2015/16. The University currently receives 7.3 applications per place.

TENURE

Freehold, as outlined in the below plan provided for indicative purposes only.

DESCRIPTION

This opportunity comprises two mid-terraced stone built properties arranged over lower ground, ground and two upper floors, beneath a pitched tiled roof. Both properties are internally connected and consist of shared former student accommodation. In total there are 15 bed spaces, a large kitchen, living area, three shower/ bathrooms and two separate wc’s arranged over ground, first and second floors. The basement is not currently used.

The property has the benefit of gas central heating while the majority of windows are UVPC double glazed, although a small number of windows are wood framed. Bedrooms are generally consistent in size, varying between 81 sq ft to 133 sq ft. Each bedroom has the benefit of a sink. The total gross internal area of the property is approximately 328.9 sq m (3,540.4 sq ft). There is also a bike store situated to the rear of the property.

Although currently vacant, the property has previously been let to students from the University of York. While the property would continue to attract good demand from students, it would also suit conversion/reconfiguration to flats/ houses, subject to gaining all necessary planning consents.

The existence of Asbestos (chrysotile) has been noted on a small section of the basement ceiling, although this part of the building is currently locked and not used. An asbestos report is available on request.

ADDITIONAL INFORMATION

An extensive information pack is available to view and download online at: www.fulfordroadyork.com and will include:

• EPCs

• Floor Plans

• Title Documents

ENERGY PERFORMANCE CERTIFICATES

EPC’s are available to view and download from the data room.

VIEWING INFORMATION

This property will be subject to block viewings and will not be available for viewing internally outside these times.

METHOD OF SALE

The property is for sale by way of Private Treaty, however, we reserve the right

to conclude marketing by an Informal Tender process.

Misrepresentation Act: 1. Allsop LLP on its own behalf and on behalf of the vendor/lessor of this property whose agent Allsop LLP is, gives notice that: (a) these particulars do not constitute in whole or in part an offer or contract for sale or lease; (b) none of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact; and (c) the vendor/lessor does not make or give, and neither Allsop LLP nor any of its members or any person in its employment has any authority to make or give, any representation or warranty whatsoever in relation to the property. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the vendor/lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor/lessor and a purchaser or tenant. 2. Prospective purchasers or tenants are strongly advised to: (a) satisfy themselves as to the correctness of each statement contained in these particulars; (b) inspect the property and the neighbouring area; (c) ensure that any items expressed to be included are available and in working order; (d) arrange a full structural (and where appropriate environmental) survey of the property; and (e) carry out all necessary searches and enquiries. Allsop is the trading name of Allsop LLP.

Jack Robson0113 243 7952jack.robson@allsop.co.uk

James Wilson0113 236 6679james.wilson@allsop.co.uk 33 Park Place, Leeds, LS1 2RY Tel: 0113 236 6677

Please contact the office to register your interest:

www.allsop.co.uk

ASKING PRICE

Offers in excess of £700,000 are invited, subject to contract.