JAMES HOUSE, JAMES STREET, YORK, YO10 3YZ

OFFICE INVESTMENT OPPORTUNITY

Executive Summary
Office building within walking distance of York city centre. 2 rectangular buildings comprising approximately 34,979 sq ft. Let to the Secretary of State for a further 3 years 2 months. Passing rent of 450,000 per annum equating to 12.86 per sq ft. Tenant not in occupation. Lease surrender not explored. Potential to sub-divide or let floor by floor. Variety of alternative uses subject to planning including residential, student accommodation, educational. Seeking 3,000,000 reecting 14.17% and a capital value of 90 per sq ft allowing for costs of 5.8%.

Location
The historic City of York is located in the Yorkshire and Humberside region and has an urban area population of approximately 137,500 with a district population of 181,000. The city is approximately 24 miles north east of Leeds, and benets from excellent road communications with the A64 linking to the A1/M1 link road.. York station provides a direct service to London Kings Cross with an approximate journey time of 1 hour 51 minutes.

Situation
The property is situated just to the east of the city walls on James Street in a mixed commercial and residential area. Nearby occupiers include: Autoglass, Pickfords, Howdens, Morrisons supermarket and Foss Islands Retail Park is within 1/4 mile.

Description
The property comprises two rectangular shaped ofce buildings providing ground, rst and second oor accommodation. The two wings are linked at rst oor level with the southern wing and the link section being three storeys. The ofce accommodation benets from three compartment trunking, carpeted oors, suspended ceilings, incorporating LGF compliant light ttings with wall mounted radiators and an 8 person passenger lift.

Accommodation
Floor Ground Floor Ground Floor First Floor Second Floor Total Net Internal Floor Area Car parking spaces Use Reception Ofces Ofces Ofces Sq Ft 1,048 11,639 15,596 6,696 34,979 79

JAMES HOUSE, JAMES STREET, YORK

Tenure
Freehold.

Tenant Covenant
The Secretary of State for the environment covenant is undoubted.

Tenancy
The entire property is let to The Secretary of State for the Environment for 25 years from 25 December 1990 expiring 24th December 2015 and providing an unexpired term of approximately 3 years 2 months. The passing rent is 450,000 pax equating to 12.86 per sq ft. The property was occupied by the Land Registry and is currently vacant.
Collins Bartholomew Limited 2007. Plotted Scale - 1:250000

JAMES HOUSE, JAMES STREET, YORK

Proposal
We are seeking offers of 3,000,000 reecting a yield of 14.17% and a capital value of 90 per sq ft allowing for costs of acquisition at 5.8%.

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TREET HILDA S
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Works
12.5m
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BM 13.08m

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Crown Copyright 2008. All rights reserved. Licence number 100020449. Plotted Scale - 1:1250

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12.5m

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Further Information

EPC

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ET JAMES STRE
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David Holt Whitmarsh Holt Young 18 Cavendish Square London W1G 0PJ Tel: 0207 629 5527 DL: 0207 079 1818 Mobile : 0778 8108284 dh@why50.com

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Works

Whitmarsh Holt Young for themselves and for the vendor or lessor of this property for whom they act, give notice that: These particulars are a general outline only for the guidance of prospective purchasers or tenants and do not constitute the whole or any part of an offer or contract. All descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely upon them as statements or representations of fact but should satisfy themselves by inspection or otherwise as to the correctness of each of them. No employee of Whitmarsh Holt Young has any authority to make or give any representation or warranty whatever in relation to this property or these particulars, nor enter into any contract on behalf of the vendors. No responsibility can be accepted for any expenses incurred by intending purchasers in inspecting properties which have been sold or withdrawn. Unless otherwise stated, all prices, rents and other charges are quoted exclusive of Value Added Tax (VAT). Any intending purchasers or tenants must satisfy themselves independently as to the incidence of VAT in respect of any transaction. All plant, machinery, equipment, services and fixtures and fittings referred to in these particulars were present at the date of publication. They have not however, been tested and therefore, we give absolutely no warranty as to their condition or operation. The date of this publication is September 2012

CW

EMILY MEW S

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CATHERINECOURT

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REET AS ST
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Brochure design: Adrian Gates 07710 316991

GRAN

JAME

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JAMES HOUSE, JAMES STREET, YORK