Low Ousegate, York

This centrally located five-storey office block on Ousegate offers a promising mixed-use investment opportunity. With a modern office space currently occupying the ground floor and basement, leased until September 2027 for an annual income of £67,000, this property already provides a solid financial foundation. However, the four upper floors remain unoccupied and require substantial modernization. Notably, planning permission is in place to convert these levels into eight spacious two-bedroom apartments, which could significantly enhance the property's value. The building also features a rear lift facilitating access to all floors and ladder access to the roof—opening up potential for additional development with further planning approval. Positioned near Ousegate Bridge, it enjoys high foot traffic conducive for commercial activities while offering breathtaking views of the River Ouse from the upper levels. The vibrant surrounding area boasts a variety of amenities, making it an appealing location for both business and residential use. This property stands out as an investment opportunity that combines immediate rental income with significant redevelopment potential through residential conversions.