Westminster Place . York 3 Office Properties Offered at £9,820,000 in York
INVESTMENT HIGHLIGHTS
- A rare opportunity to acquire a substantial freehold office campus located on York’s principal circulation network
- Westminster Place offers 49,574 sq ft (4,605.54 sq m) of high specification accommodation, producing a net operating income of £921,936.20 per annum
- An unbroken 2.8 acre estate offering a broad range of suite sizes across three buildings, plus courtyard café and best in class parking provision
- The estate offers a mix of incubator, fully-fitted and traditional leasing options; allowing businesses to flex and grow within the space, leading t
EXECUTIVE SUMMARY
Westminster Place is situated on the popular and vibrant York Business Park, accessed directly from the A1237 outer ring road to the west of the city centre.
York Business Park is host to a diverse mix of office, leisure, industrial/trade and roadside operators, with high value residential uses in close proximity. Connectivity is excellent; the outer ring road is York’s principal circulation route linking the city’s centre and suburbs to key employment, retailing and leisure destinations.
The western (A1237) stretch of the ring road is a particularly critical part of York’s infrastructure. The A1(M), M62 and key urban conurbations such as Leeds and Harrogate are easily accessed from the western outer ring road via both the A59 and A64. Westminster Place benefits from immediate access to this important transport link, which is reflected in the property’s enduring popularity among regional and national occupiers.
York Business Park is host to a diverse mix of office, leisure, industrial/trade and roadside operators, with high value residential uses in close proximity. Connectivity is excellent; the outer ring road is York’s principal circulation route linking the city’s centre and suburbs to key employment, retailing and leisure destinations.
The western (A1237) stretch of the ring road is a particularly critical part of York’s infrastructure. The A1(M), M62 and key urban conurbations such as Leeds and Harrogate are easily accessed from the western outer ring road via both the A59 and A64. Westminster Place benefits from immediate access to this important transport link, which is reflected in the property’s enduring popularity among regional and national occupiers.
PROPERTY FACTS
| Price | £9,820,000 |
| Price / SF | £190.70 / SF |
| Net Initial Yield | 8.80% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 51,494 SF |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Regency House
Westminster Pl, York YO26 6RW |
Office | 20,188 SF | 2002 | - |
|
Marlborough House
Westminster Pl, York YO26 6RW |
Office | 20,306 SF | 2002 | - |
|
Kensington House
Westminster Pl, York YO26 6RW |
Office | 11,000 SF | 2005 | - |
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CONTACT
-
Luke Symonds -
NorthCap Real Estate Limited
