York - Museum Street & Lendal_Property for Sale
York - Museum Street & Lendal_Property for Sale
5-13 Museum Street and 3-7 Lendal, York, Y01 7DT, UK

York - Museum Street & Lendal

Asset description

Fully let retail and office investment in the cathedral city of York

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Attributes

Asking price
$6,835,000
Building area net
14,767 sf
Occupancy
100%
Year built
1985
Number of units
12 units
Cap rate
7.46%
NOI
$545,000

Media

Investment highlights

  • York is an internationally renowned tourist destination and an attractive and historic cathedral city
  • The city is one of the most visited nationally, attracting 8.4 million tourists per annum who spend in excess of £765million per year
  • Fully-let retail and office parade located moments away from York Railway Station
  • Prominent corner plot, situated along Museum Street which is the main thoroughfare joining York Station and York Minster
  • Recent letting evidence shows reversionary opportunities on a significant number of the units
  • 16 space car park to the rear of the property included within the ownership
  • Held Freehold
  • WAULT of 6.15 years to expiry and 3.92 years to break.
  • Annual Rental Income: £430,227 pa
  • ERV: £511,000 pa

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York - Museum Street & Lendal (0 Properties)

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Last updated
May 22, 2023