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Investment & Development Opportunity

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Investment & Development Opportunity Investment & Development Opportunity 29c & 31 Walmgate, York YO1 9TX For Sale Located within York’s historic City Walls Close to Clifford’s Tower and Coppergate Shopping Centre Gross Site Area 0.275 acre (0.117 hectare) Front Office Building NIA 1,500 ft² (140 m²) Rear Former Industrial Building GIA 2,600 ft² (240 m²) Potential income from car parking & offices Development potential for residential, hotel, retail, office and/or leisure uses 01904 707000 www.howardjenkins.co.uk 29c & 31 Walmgate, York YO1 9TX Location Lettings – Offices & Car Park The property is located within a short walk of York City centre, in a mixed We are informed that parking spaces are let on annual licences. Further commercial & residential area. A number of recent, contemporary housing details are available upon request. The offices are currently vacant. developments have been undertaken nearby, including Mawson’s Court and Dixon’s Yard, together with a new student accommodation Tenure development in Navigation Road. Freehold (Title No’s: NYK141677 & NYK273071), copies of which are available upon request. Description The property comprises an office building to the main frontage with an Adopted Highways archway to an area used for parking at the rear (21 spaces) with vehicular The City of York Council has issued a plan showing the extent of the access from Piccadilly (via Dennis Street). There is a single-storey brick- adopted highway; a copy of this is available upon request. However, the built building (29c Walmgate) to the northern boundary of the parking presence of a ‘boundary stone’ would suggest that the area immediately area, demolition of which could enable additional spaces to be provided. outside the rear gate originally formed part of the freehold title. Site Area & Floor Areas Rights & Easements Site Area 0.275 acre (0.117 hectare) approx We are informed by our client’s solicitor that the following rights and 29c (Rear Building) 2,600 ft² (240.0 m²) Gross Internal Area easements affect the property: 31 (Front Building) 1,500 ft² (140.0 m²) Net Internal Area 1. A right of access to the owners/occupiers of 29a & 29b Walmgate. 2. A right of access to the owners/occupiers of the small single-storey Rating Assessments brick building behind 29 Walmgate. The VOA website records the following Rateable Values: 3. An easement for a gas main (Deed of Grant, dated 31 December 31 Walmgate 1985) – this runs under the archway from Walmgate to the building Offices 1, 2 & 6 £9,300 Office 8 £2,650 behind 29a Walmgate – copy of plan available upon request. Office 4 £1,850 Office 9 £2,300 4. A right of access (for the benefit of No31) to 29c Walmgate, the Office 5 £2,950 Car Parking Spaces £9,000 former industrial building. Office 7 £2,950 5. A right of access (for the benefit of No31) to the small store rooms 29c Walmgate £6,300 whose doors front the yard to the rear of 33 Walmgate. Town Planning Condition of Sale The property is situated within the York Central Historic Core The vendor wishes to retain the right to use one car parking space in the Conservation Area. As part of a submission in respect of the City existing car park, or within any new development. Council’s Core Strategy, Barton Willmore stated that: “this site offers an exciting opportunity for mixed use redevelopment and Price Guide to make a positive contribution to the regeneration of the centre of York. £800,000; our client is willing to consider offers on either a conditional or We are keen to ensure that the policy framework for the redevelopment of unconditional basis in respect of planning. the site is supportive, flexible and assists delivery of our proposals which may encompass residential, hotel, retail, office and / or leisure uses.” VAT & Legal Costs We recommend that interested parties contact The City of York Council We are informed by our client that the property is registered for VAT. (01904 551550 or 01904 551553) in respect of town planning. Interested parties should consult their accountants in this regard. Each party will be liable for their own legal costs in this transaction. Energy Performance Certificate (EPC) A copy of the EPC and recommendation report is available upon request. Further Information & Viewing Chris Jenkins T: 01904 707000 M: 07767 837320 E: [email protected] Date: July 2012 Subject to Contract Disclaimer These property details are believed to be correct but accuracy can not be guaranteed; they are expressly excluded from any offer or contract, in whole or in part. The information is given without responsibility on the part of Howard Jenkins and its client(s), and you should not rely on the information as being factually accurate about the property, its condition or its value. Howard Jenkins has no authority to make any representation or warranty in relation to the property. We have not undertaken a survey, nor tested the services, systems, appliances, fittings etc. Photographs and plans are provided for identification only. Areas, measurements and distances are approximate. Any reference to alterations or use does not mean that any necessary planning permission, building regulation or other consent has been obtained. Interested parties must rely on their own investigations as to the accuracy of these details and the condition and suitability of the property for their intended purpose, and should obtain independent professional advice. 01904 707000 www.howardjenkins.co.uk 29c & 31 Walmgate, York YO1 9TX Note Plan not to scale; for identification only. 01904 707000 www.howardjenkins.co.uk 29c & 31 Walmgate, York YO1 9TX Note Plan not to scale; for identification only. Dale House, Askham Bryan, YORK YO23 3LT T: 01904 707000 F: 01904 707171 www.howardjenkins.co.uk Howard Jenkins is the trading name of HJCPS Limited. Registered in England and Wales No: 7209004. Registered Office: 54 Bootham, York YO30 7XZ. .
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