PROPERTIES

Barclays Bank 1-3 Parliament Street, York YO1 8SE

Price£5,150,000

PDF DETAILS

Barclays Bank 1-3 Parliament Street, York YO1 8SE

  • Price£5,150,000
  • Income£330,000
  • Yield6%
  • SectorHigh Street Retail
  • StatusAvailable
PDF DETAILS

Prime High Street Banking Investment Opportunity

Summary

  • Located in the historic cathedral city of York, the commercial centre of North Yorkshire.
  • Situated within the prime retailing pitch of the City, a prominent corner position on Parliament Street.
  • Let to Barclays Bank Plc for a term of 20 years expiring October 2027.
  • Freehold.
  • Current rent of £330,000 per annum.
  • Seeking offers in excess of £5,150,000 (FIVE MILLION ONE HUNDRED AND FIFTY THOUSAND POUNDS) subject to contract and exclusive of VAT.
  • Net initial yield of 6% after allowance for purchaser’s costs of 6.8%.