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Stonebow House The Stonebow, York, YO1 7NP
Agents
McMullen Real Estate
Tim Saull
Use Class
E
Size
49,905 sq ft
Price
£5,960,000
Description
The Stonebow
Stonebow House is situated at a key gateway to the city of York and was originally completed in 1965. The property was most recently acquired in 2015 and has been comprehensively refurbished and transformed into a mixed-use development comprising luxury flats sitting above commercial retail units.
Accommodation
49,905 Sq.Ft
Financial
Costs
We are instructed to seek offers in excess of £5,960,000 (Five Million Nine Hundred and Sixty Thousand Pounds) subject to contract and exclusive of VAT. This reflects the following yield profile allowing for the usual purchasers costs: 6.75% NIY - Commercial Income 4.50% NIY - Residential Ground Rents £60,000 for 2 x Prime City Centre Car Parking Spaces Estimated Running Yield Profile: October 2028 - 7.90% October 2033 - 8.95% (Assuming CPI inflation at an average of 2.5% pa)
Misrepresentation Notice
All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.
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This was last updated on 16/07/2024