News Desk

York: Mill House office investment acquired

Richard Fisk at Pudney Shuttleworth acting for The Helmsley Group has acquired Mill House on North Street in York, a recently refurbished office of some 16,000 sq ft let to such tenants as North Yorkshire Police, Carillion and Colas Rail. The police held a long 30 year lease while the remaining tenants were on shorter term arrangements. Rental levels were off £16psf.
The purchaser paid in the region of £3.1 million reflecting a yield profile of 6.78% rising to 7.7% once the final letting is signed.
Miles Lawrence of Lawrence Hannah acted for the vendor in this off market deal

Contact: Richard Fisk

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