48 Coney Street, York, YO1 9ND

Freehold City Centre Retail Premises (GIA 32,101 sq, ft) with Development Potential

Description
The subject property comprises a dual fronted four storey, plus basement, retail building with a Grade II listed frontage.

The Coney Street elevation was built in 1907 and comprises a timber and plastered frontage with barge boarded gables and slate roof. The construction to rear appears to be brick and concrete frame with concrete floors throughout. The roof is flat and there are a mixture of timber glazed, steel glazed and aluminium glazed windows.

Internally, the property is largely open plan, with it previously used as a retail store. We do believe that some areas would benefit from aesthetic improvements.

We understand that the property has extant planning permission for the conversion of existing retail unit (Use Class E) to restaurant and shop (Use Class E) at ground and basement level, and change of use of upper floors from retail (Use Class E) to a 64 key aparthotel (Use Class C1) including provision of additional storey on roof and associated external alterations (ref: 23/00059/FUL)
There is also listed building consent for internal and external alterations with change of use and provision for additional storey on roof (ref: 23/00060/LBC).

The property is being sold with vacant possession. However, we do have forthcoming enquiries from a number of hotel operators which would be of interest to any purchaser.


Location
The property has two main frontages, on Coney Street and Market Street which are both prime pedestrianised retail areas of York City Centre. They are made up of national retail operators to include Boots, WH Smiths, EE, Next, H Samuel and Natwest Bank. There is also the Riverside Coney Street Redevelopment Project located close to the subject which is ongoing and likely to boost the local economy.

York has good transport links running between Leeds which is 27 miles to the south west and Newcastle to the north. There are over ten car parks within a ten minute walk of the subject


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


Tenure
Freehold.

EPC
Energy Asset Rating is B