HSBC - 11, 12 & 13 Parliament Street, York_Property for Sale

11 Parliament Street, York, North Yorkshire, YO1 8SG, UK

HSBC - 11, 12 & 13 Parliament Street, York

Asset description

The Property is situated in central York at 11, 12 & 13 Parliament Street in a prominent corner position at the conjunction with Market Street. The Shambles Market is located virtually adjacent to the northeast and Parliament Street becomes Davygate circa 100m to northwest.

The property comprises a retail unit at ground and basement level with office and ancillary storage across mezzanine and 4 upper foors. The property extends to 28,779 sq ft NIA or 39,449 sq ft GIA. These measurements are from a Plowman Craven Survey.

...

Attributes

Building area net

28,779 sf

Occupancy

100%

Year built

1990

Land area gross

28,779 sf

Units

1 units

WAULT

2.5 years

Media

Investment highlights

The property is held freehold.
The Property is situated in a prominent corner position at the conjunction of Parliament Street & Market Street.
Fully let retail unit on ground and basement with office and ancillary storage across the mezzanine and 4 upper floors.
Fully let to HSBC until 16th October 2026 across 3 separate leases with a WAULT of 2.5 years to expiry.
Net Income: £505,000 p.a.
Asset management opportunities include re-gearing the current lease with HSBC and developing the upper parts into residential, aparthotel or student accommodation.
The city attracts 8.4 million tourists annually, who spend in excess of £765 million per year.