Investment.

York.

25-27 Parliament Street, YO1 8RS

Map View

Status.

Available

Accommodation.

Ground Floor Sales 1,359 sq ft 126.30 sq m
First Floor Office 1,188 sq ft 110.41 sq m
Second Floor Office/Ancillary 272 sq ft 25.28 sq m

Price.

£1,550,000 (Subject to Contract and Exclusive VAT)

Location.

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.

Description.

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.

Rent.

£143,755.00 per annum exclusive

Tenure.

Freehold

Yield.

A net initial yield of 8.75%.

Share.

All viewings are strictly by prior appointment.

Will Civil.

Surveyor | Investment

Jonny Gooch.

Associate Partner | Investment

Ed Smith.

Partner | Investment

What Our Clients Say.

Green & Partners understand our needs and continually exceed expectations.

abrdn

Thorough, tenacious, practical in their outlook and approach but above all they get results.

La Salle Investment Management

The expertise and excellent client focus provided by Team G&P is greatly valued and appreciated. The continuing hard work to support our investment, Leasing and Asset Management activities has enabled us to drive investment performance for our clients.

M & G Real Estate

Green & Partners are a focused, diligent and highly determined team who exceed our expectations time after time.

DTZ Investors

With Green & Partners you get Partner level involvement and Commitment whether it's an MSU or a small kiosk. They are creative and tenacious and have a very good knowledge of shopping centres and the retailer market at all levels.

Hammerson