GEORGE CAYLEY DRIVE, CLIFTON MOOR, YORK

SOLD

Disposal of a trade counter investment.

• Travis Perkins builders’ merchants, City Plumbing Supplies showroom and trade counter, Allot Healthcare office suite and EE telecommunications mast.
• Extensive service yard, customer parking and external racking.
• 43,794 sq ft of rentalised GIA – NB: mezzanines not rentalised.
• Developed Site Area – 2.80 acres and a low 34.34% ‘footprint’ site coverage.
• Freehold.
• Overriding FRI lease to Travis Perkins Trading Co Ltd for 15 years.
• Initial rental: £473,000 pa.
• Five yearly, upward only rent reviews to Market Rental, increases capped at 21.67%.
• OIEO £7,710,000 for the freehold, subject to contract and excl. of VAT, NIY: 5.75%.

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