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£1,550,000 (Subject to Contract and Exclusive VAT)
York is an affluent cathedral city and a key commercial and administrative centre within North Yorkshire. It has a strong retail core and a significant tourism sector, attracting around 8.4 million visitors annually with an estimated spend of over £765 million.
The property occupies a prominent position on the semi-pedestrianised Parliament Street, close to St Sampson’s Square, Marks & Spencer, and Browns Department Store. The area features a mix of national retailers and established independents. le some banks such as HSBC, Barclays, Halifax, and Nationwide remain nearby, Parliament Street has evolved from a financial services focus to a more diversified mix of retail, leisure, and food occupiers, including Boots, Pret A Manger, Hotel Chocolat, and The Vintage Store. Footfall is supported by the nearby Roman Baths and key city centre attractions.
The property comprises a mid-terraced, concrete framed building with a traditional brick façade, arranged over ground, first, and second floors. The ground floor is occupied as retail, with the upper floors utilised as office and ancillary accommodation. There is a basement accessed via a trapdoor; however, this is currently not accessible.
£143,755.00 per annum exclusive
Freehold
A net initial yield of 8.75%.
Surveyor | Investment
Associate Partner | Investment
Partner | Investment
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