York is an internationally renowned tourist destination and historic cathedral city, attracting 8.4 million visits per annum, contributing to in excess of £765m to York’s economy.

The property occupies a prime corner trading location on St Helen’s Square, close to Stonegate/Davygate.

The property provides a rare opportunity to acquire a prime city centre holding, comprising c.10,647 sq ft(989 sqm) of accommodation. The property is held freehold and is let to the robust covenants of Troia(UK) Restaurants Limited T/A The Ivy and Washington Green Retail Limited T/A Castle Fine Art, with a current Wault to expiry of c.16.78 years and c.16 years to break.

Approximately 85% of the income is derived from Troia (UK) Restaurants Limited, who are guaranteed by Caprice Holdings with the lease expiring in July 2042.

We are instructed to seek offers in excess of £5,650,000 (Five Million Six Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT,which reflects a net initial yield of 6.47% and an equivalent yield of 6.58%, after allowing for standard purchaser’s costs.