Property photos
Freehold
Offers over
£600,000
(£132.74/sq. ft)
Office for sale
Tribune House, Unit 1, Centurion Park, Tribune Way, York YO304,520 sq. ft
Local area information
Property location
Nearby amenities
- Lakeside Primary Academy 0.3 miles
- Burton Green Primary School 0.5 miles
- York 1.9 miles
- Poppleton 2.3 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
Key Points
Modern 2 storey detached office building 18 car parking spaces
Description
The subject premises form part of a cluster of high-quality office/commercial buildings constructed on the mid 2000’s all benefiting from generous on-site parking provisions. Tribune House comprises a high quality self-contained 2 storey modern office building set within mature landscaped grounds and benefiting internally from full raised access flooring throughout the office space, lift access, kitchen & breakout areas on both floors and excellent natural lighting.
Location
Situated in the heart of the UK, York is an attractive vibrant and internationally renowned city considered to be one of the most desirable locations to live, visit and do business.
The City is located approximately 25 miles north east of Leeds, 21 miles east of Harrogate and 210 miles north of London.
York benefits from excellent communication links, with the city’s ring road, the A64 connecting to the A1(M), providing access to the national motorway via the M62 and M18. As a national rail hub on the east coast main line, York benefits from direct services to London Kings Cross (1 hour 48 minutes), Leeds (21 minutes), Manchester 1 hour 18 minutes) and Edinburgh (2 hours 24 minutes).
Tenancy
Teaching Hospitals Facilities Management llp on a full repairing and insuring lease term from and including 1st March 2020 and 28th February 2030 at a passing rent of £53,500 per annum exclusive. The annual rent is subject to an upwards only rent review following expiry of the 5th year of the term (01.03.25).
The covenants of the existing lease are guaranteed in full by York Teaching Hospitals nhs Foundation Trust, with the incumbent tenant having occupied the building for approximately 15 years. A copy of the lease is available upon request.
Proposal
Offers are sought in excess of £600,000 for the freehold interest, subject to the existing tenancy, which will reflect a net initial yield of approximately 8.5% having allowed for the deduction of graduated purchasers costs.
VAT
The property is elected for VAT and therefore VAT will be payable on the purchase price.
Description
The subject premises form part of a cluster of high-quality office/commercial buildings constructed on the mid 2000’s all benefiting from generous on-site parking provisions. Tribune House comprises a high quality self-contained 2 storey modern office building set within mature landscaped grounds and benefiting internally from full raised access flooring throughout the office space, lift access, kitchen & breakout areas on both floors and excellent natural lighting.
Location
Situated in the heart of the UK, York is an attractive vibrant and internationally renowned city considered to be one of the most desirable locations to live, visit and do business.
The City is located approximately 25 miles north east of Leeds, 21 miles east of Harrogate and 210 miles north of London.
York benefits from excellent communication links, with the city’s ring road, the A64 connecting to the A1(M), providing access to the national motorway via the M62 and M18. As a national rail hub on the east coast main line, York benefits from direct services to London Kings Cross (1 hour 48 minutes), Leeds (21 minutes), Manchester 1 hour 18 minutes) and Edinburgh (2 hours 24 minutes).
Tenancy
Teaching Hospitals Facilities Management llp on a full repairing and insuring lease term from and including 1st March 2020 and 28th February 2030 at a passing rent of £53,500 per annum exclusive. The annual rent is subject to an upwards only rent review following expiry of the 5th year of the term (01.03.25).
The covenants of the existing lease are guaranteed in full by York Teaching Hospitals nhs Foundation Trust, with the incumbent tenant having occupied the building for approximately 15 years. A copy of the lease is available upon request.
Proposal
Offers are sought in excess of £600,000 for the freehold interest, subject to the existing tenancy, which will reflect a net initial yield of approximately 8.5% having allowed for the deduction of graduated purchasers costs.
VAT
The property is elected for VAT and therefore VAT will be payable on the purchase price.
More information
Listed by
Carter Towler Chartered Surveyors
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