Large Freehold Development Opportunity
Prime dual aspect retail with upper floors passed for 64 room Aparthotel
Grade II listed Frontage
Vacant Possession
Planning Permission Granted
A substantial freehold city centre retail property with dual frontages on Coney Street and Market Street, offering significant development potential. The property comprises a total gross internal area of approximately 32,101 sq. ft across four storeys, plus a basement, and features a Grade II listed shopfront.
The property comes with extant planning permission for mixed-use development, including:
•Ground and basement levels: Conversion of retail units (Use Class E) to restaurant and shop (Use Class E)
•Upper floors: Change of use from retail (Use Class E) to a 64-room aparthotel (Use Class C1), including the provision of an additional storey on the roof, with associated external alterations (Planning Ref: 23/00059/FUL).
Additionally, there is listed building consent for both internal and external alterations (Ref: 23/00060/LBC).
The property is ideally situated in York city centre with prime retail frontages on both Coney Street and Market Street, both well-trafficked pedestrian zones. Surrounding businesses include national retailers such as Boots, WHSmith, EE, Next, H Samuel, and NatWest Bank. Additionally, the property is in close proximity to the Riverside Coney Street Redevelopment Project, a significant ongoing project expected to further boost the local economy. York enjoys excellent transport links, situated between Leeds (27 miles to the southwest) and Newcastle to the north. Over ten public car parks are within a ten-minute walk, providing easy access for visitors.
CEPC Rating B
All figures quoted are exclusive of VAT, where applicable.
Vacant possession is offered, although there has been interest from hotel operators, which could provide a lucrative opportunity for potential buyers.
Location
The property is ideally situated in York city centre with prime retail frontages on both Coney Street and Market Street, both well-trafficked pedestrian zones. Surrounding businesses include national retailers such as Boots, WHSmith, EE, Next, H Samuel, and NatWest Bank. Additionally, the property is in close proximity to the Riverside Coney Street Redevelopment Project, a significant ongoing project expected to further boost the local economy. York enjoys excellent transport links, situated between Leeds (27 miles to the southwest) and Newcastle to the north. Over ten public car parks are within a ten-minute walk, providing easy access for visitors.
CEPC Rating B
All figures quoted are exclusive of VAT, where applicable.
Accommodation
Description Sq. m Sq.ft
Basement 712.3 7,666.8
Ground floor 713.1 7,675.7
Mezzanine 53.8 579.3
First floor 745.2 8,021.6
Second floor 757.9 8,157.4
TOTAL 2,982.3 32,100.8