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25/27 Parliament Street York, YO1 8RS 25/27 parliament street york, YO1 8RS well secured, freehold, retail investment 25/27 parliament street york, YO1 8RS £442.6 million to the local economy. The York area is affluent and Investment Summary has a significantly higher than average number of working adults in the most affluent AB social grouping and is under-represented • York is the commercial and administrative centre for North in the least affluent DE grouping. The city has a high proportion Yorkshire and a popular tourist destination. of young adults due to the city’s large student population which is • A strong pedestrianised retailing pitch adjoining close to 21,000. Major employers in the area include Aviva, Nestle Shuropody and Vodafone with Marks & Spencer, and British Telecom. Browns Department Store, Boots Opticians, Pret a Manger, Retailing in York The Disney Store and Nationwide opposite or close-by. York is a major regional shopping destination, offering • Well secured to Cheltenham & Gloucester Plc approximately 1.5m sq ft of retail accommodation. The city is (5A1 D&B Rating). ranked by Venuescore (2011) as being the 23rd strongest retail destination within the UK. • Freehold The prime retail provision is centred on the pedestrianised section • Circa 6.6 years unexpired Location of Coney Street and Spurriergate where there is a high The historic cathedral city of York is the administrative centre for concentration of national multiples. These streets are supported • £2,516,000 (subject to contract & exclusive of VAT) North Yorkshire and lies approximately 337 km (210 miles) north of by other strong retailing pitches such as Davygate, Parliament • Attractive 6% net initial yield London and approximately 45 km (28 miles) north east of Leeds. Street and the Coppergate Centre as well as more specialist locations such as Stonegate, Blake Street and Swinegate. York benefits from excellent transport links and is reached via the A64 and A59 by road, which provides direct access to the A1 (M) approximately 24 km (15 miles) to the west. The A1 (M) provides access to the M1 and M62 motorways. The city is also a major terminus on the main east-coast railway line. Rail services to London (Kings Cross) are approximately 2 hours 15 minutes. The city boasts some of the UK’s top tourist attractions including York Minister, The Jorvik Museum, The National Railway Museum and Betty’s Tearooms. Demographics & local economy York has a primary catchment of circa 476,000 and an estimated shopping population of 297,000. This is boosted further by tourism. The latest available research shows that there were 7.1 million trips to York in 2010, with tourism worth an estimated 25/27 parliament street york, YO1 8RS Tenure Current Income Pax Freehold £159,750 per annum exclusive (devaluing to circa £160 psf ZA). Tenancy VAT CHELTENHAM & GLOUCESTER PLC The property has been elected for VAT and thus VAT will be payable on the purchase price. 10 year FR&I lease from 25th December 2008 (circa 6.6 years unexpired) expiring on 24th December 2018 at a current passing Proposal rental of £159,750pax and an upward only rent review on 25th £2,516,000 (Two Million, Five Hundred and Sixteen Thousand December 2013. Situation Pounds) Subject to Contract and exclusive of VAT, reflecting an The property occupies a particularly busy pitch on the semi EPC attractive net initial yield of 6%, allowing for purchaser’s costs pedestrianised Parliament Street in close proximity to St. of 5.8%. Sampson Square, Marks & Spencer and Browns Department A copy of the Energy Performance Certificate is available upon Store. The area supports a mixture of national multiples and request. independent retailers, some of whom have been in occupation for Tenant Covenant a number of years. Parliament Street has become an established Net Current Assets Pre-Tax Profit Net Worth Tenant D&B Rating Date of Accounts A2 pitch with Nationwide, HSBC, Barclays, Halifax and (000’s) (000’s) (000’s) Skipton Building Society located there. The Roman Baths Cheltenham & Gloucester Plc 5A 1 31/12/2010 £183,600 £94,300 £167,200 situated in St. Sampson Square further help to increase footfall in and around Parliament Street. Property The property is a mid-terraced, concrete framed building with a traditional brick facade, arranged over ground, first and second floors. The ground floor retail unit is well configured. The first and second floors are used and fitted as office and ancillary space. Accommodation The property provides an approximate total net floor area of 261.89m2 (2,819 sq ft) sub-divided as follows: Floor Use Area (sq m) Area (sq ft) Ground Sales 126.25 1,359 ITZA 915 units First Office 1 110.37 1,188 Second Office Anc 25.27 272 Total 261.89 2,819 L L O A Y R D O S B G V T A I F S S N T K B K S I 3 5 & ABTREE CR H&BEA ELENS SQUARE HLT P LAC E O 8 F W 2 4 6 - OR 25/27 parliament street C B E S B B H O ( I L D P E 2 A L O U I T N A K R T T T B C H E E Y U W I K R T N R S S A G R G 1 C IL 1 H & - A W 5 F F 2 C L U O B E UR A G O IN N P S O ERFU M I M O E L HL RY T SPORTS T L D P 4 H&B IRECT.COM EA R E 2 G S J N SPORTS GOODS D 1 - 3 ) V G A M O CAN D D 6 I T 5 S L TH S L E CO U VACANT PA RN N LU STY ISH S B B I H AKE AKE T LT 5 R RY (2 RETAIL FLOORS) H 1 E & A 8 UT 1 Y H AX 4 A IF - YS HAL BOBO 5 M 5 LOBO AN KAREN MILLEN T E GO EMP U BAR & S K RE O 7 S L N N T WE OY BA A M I R E T ES WEAR ENTRANCE 8 N ADI T A L N 3 A GEN WA CY E RE 1 H N 1 O G O L OU - ECTI F AD S CONN 2 BLU FI I E 5 CH 9 E N C 10A E E S D FR U SH WE A O A E 50 HAIR R ( N E 1 S H 4 NG P I M TH T I O D V CL 4 T G R A IGN E S R DE E 4 R R 0 HAI - E R Y 5 LANAMICH E E IFT C 6 F G B G 1 OR 1 B S D T T E 1 - AK (2 IN 6 AIR M H R GS A LEY E E N SH R T 1 LAURA A A I I E 7 L L 4 / H O F C C 1 L OOR N A R 1 F A R E F W O 2 S DIES T LA J ) 8 L M F A E L A NE U O I R A S N U S T VAC C H IN OR N 1 M U S M O T X E R L AN C C 1 H A O 9 U R R D T S C U IE D CAN I A L york, IN S V ENT R S R O S 1 WE A Y 2 R ) E A A YUMI 18 V E 9 ORIZ 20 LAD ACCESS IE - S W Y S B 1 IE 2 EAR LAD S AC 2 - URT 1 SSORIE K 26 YAR G ACCE S D 1 WIN 4 STAR EG V N YO BUC ORTHER A EAR AT B W KS N 1 2 A IES 1 E 3 L LAD S K 3 C N OC B U R T 1 O OR FFE DUSK T EAST E E E 3 I SH A CUTS K L O T R N A P B UPE BA T F S R SP A A 1 T Y S E F E L AN C L N R BAR IR A Y A H ISH I E N O L R BBS T RES A 1 O KL E S (2 R DIE PU H H T 8 B 1 S 5 E ET & LIC 2 R C A M 10 EA R E I 5 L E 10 W T FL NS A 4 IES A RS O W 8 LAD H HE O 1 E R R ST S A O ) R 6 ` R S - N N E 1 1 W 3 R 1 9 S TR R B B 1 E A E 5 E W O P T 6 T R 1 O E V 3 7 L R 7 - A 8 A 17 E E A X R N E I N O C 9 E FE G H S F M A B A A L E RB A S ET N I C D I S T S T S S D N T I N E N E T T A M A L L P D L O O L SH 1 P P E T O E 2 E B E O E 1 G F M P A C A L F E O R C R L 7 OR A S N 0 E P N 8 U I T N T H S E R B A O B E C I T E A A K R T P N A E HO & C F H A R B O G E W NE A A A E N RE RE G V 2 H T O G U I L O SE R HA R P T A R O T I N S 9 N E E I L A 2 E O R L IV P S T H P S E C O L O R N E ISL ES G MO & I 2 T A G N C H 1 O D N B G S P LA 1 E D H S W I E R O E R E S B 9 R B A E & L E B A M I A 9 N H E E N N R O O N O B S W T & N N H E T I A NA N L R S TU H R E T R A R TH OD (2 PY T R T E T 2 TA K T IL Y R U R T FL 2 N O 0 OO & JO RS) F Y R TOKYO E 4 R 2 S - SO O VOD N G A A 0 W 2 E FON O ASIAN T R RI E S 4 TEL N COA B M 2 EP O 1 T Y H ES N T E R SOO ON R L S N 6 ES O 9 WEAR ST L LAD OCTO ADIES NT IES W PUS L ME W EAR S GIF T TS AR V 2 FUTURE P 1 2 DE 4 CTS 2 JU J PROSPE DG A & T ES ` 3 2 2 I S ) 8 S S EMP AGY 1 R N C B 1 Y O OU P - R S A O A R T - G L KU SALON HA R F IR NE K R X O 2 L ENT ANCE T I 2 R 3 A 1 Y L E A T TB E DIE 4 E 0 S L R 0 & E 9 M D EN H S G (2 UNGE IC N INDIAN LO S O I 3 THE WEA LLAND TH - R & B S LO KINGS A A G L C RRETT 3 2 E (3 O R INDIAN REST H E R 4 ETAIL FL EALTH FOO CASTLE N O D E ORS 3 RS) ) O A T O 2 FL ETAIL T/A 2 R 2 V ( T HILL E AC 6 IAM RN 21 AN WILL EST J T 2 ON 9 ES 6 THE ROM E 3 E N REED AN BATH BETTING OFFIC E 2 JEWEL 4 AUSTI AR LER AR QU PUBLIC H OU 8 HOT ENS WE S S SE B ENT O EL C M ) N HOCOLAT DIES & OORS O 2 C L POUNDWORL ONF & BIS LA AIL F MPS 3 D 3 T E SA MR CHIPPY C 3 2 R T ( 10 S 7 U O L DISCOUN 6 C ADIES & MENS T STORE URRYS.D 3 P IGITAL IN IZZA EXPRESS M W FISH & CHIPS G M LE P O S H ( P 2 OME T PIZZA RESTA E S U UT NT P RANT A ER G T T U 5 A IN R R ME W P DRA N / P KE T E M H M O & B CLINTO R T A N CARD I S - R W E / R L F E L E L ISH & E CH I Y IPS 3 2 C I R M D I 1 C S V T N P W 8 7 S I E 1 T H B I R CAR EE A D T S & CR A G GIFTS ANE A S B E H G I H T NN J N 9 O N - O A A A WA N W LLIS C R O A R 9 K B D H K T E M 4 P TR L R UB N T L O IC H E I O C L U H A S Y J M O E N U E O T S O A I O A V 2 S B E C R I I O ` K N K N C T T S O U A R I H H O R E I` S E LA K L DIES /A W O EAR ` N S U E A P / E S A W S T P H W R ` N S J P R N CHER S D R I T 1 L O O U S P T 4 E N I E B E C M I O T YP A O H DORO H ERKINS 2 E I L SOUNDS A V C H A S I I I A TT N C N A R E R T HO O N HOME T 9 10 11 LADIES WEAR S 7 E 5 6 S ENT T S B B P S O T 3 (2 RETAIL FLOORS) U A A HO 1 2 K T E N IL I S E V S R L 3 BH D ET R E 1 Y E Y A S STR T RCH 12A 12 T 3 HU G P E C S T I L S 13 C O & ) 14 O H PHONES 4U N 17 4A H 1 M H 5 - I H E R 1 G T R C 18 T A / A R Y R C V E O C E G C E R I I I H E H F E C F O P A O T L K A 3 E TELEPHONES I S S R A E T T H E H B M O E S R K O F O K E O R R S S B M E E C A O 1 R K E N E A O L S T O E 1 S M 3 ETY H I R 3 I A R 1 E C R A T V T P 4 W G 1 K B A H 5 H T 1 C P G O 2 C B IS 5 D I I O A M O NG A RA E M M A U E A R E A H O O A R N AN I I 5 K N C K A S P R G M R E B K F E C R K E O P N D U E T O A R E T 2 T TELEPHO S T NE P
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