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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Asking Price

$6,721,000

Building area Net

14,767 sf

Occupancy

100.00%

Year built

1985

Number of units

12 units

Cap Rate

7.46%

NOI

$536,000

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