- York is an internationally renowned city & tourist destination attracting 8.9 million visitors a year.
- Annual tourist industry contributes £1.7bn to economysupporting 17,000 jobs.
- World renowned university with in excess of 20,000 students.
- Strong city centre location close to Jorvik Viking Centre, M&S and The Coppergate Centre.
- 25,593sq ft building with short, medium & long term asset management opportunities.
- Attractive WAULT of 7 years to expiry and 4 years to breaks.
We are instructed to seek offers in excess of £3,400,000 which reflects a net initial yield of 8.02% after purchaser’s costs of 6.49% and a low capital value of just £132 per sq ft overall and a potential reversionary yield of 9.2%.