2 bed terraced house for sale

Clarence Street, City Centre, York YO31

Substantial Mixed-Use Freehold in the Heart of Historic York – Reversion & Holiday-Let Potential
Guide Price £525,000 | Income £31,800 p.a., reversionary to circa £33,000 p.a.

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.

The apartment

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.

The commercial unit

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.

Location

Clarence Street sits where Gillygate meets Lord Mayor’s Walk, on the very edge of York’s historic core. York St John University is directly opposite, 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.

A versatile freehold asset in a location that consistently attracts strong tenant and visitor demand – equally suited to lifestyle buyers, owner-occupiers and investors.

Key features:
• Mixed-use freehold in the heart of York
• Income of £31,800 per annum, reversionary to circa £33,000 per annum
• Below-market commercial rent – clear reversionary upside (lease term ended, tenant keen to stay)
• High-specification, fully furnished two-bedroom duplex apartment
• Views toward York’s historic city walls
• Excellent holiday / serviced-let potential (subject to planning)
• Ground-floor commercial unit let to a long-established independent takeaway
• Directly opposite York St John University; minutes from York Minster
• Versatile asset suited to lifestyle buyers, owner-occupiers and investors

Viewings by appointment only.