Goodramgate, York

The freehold interest in 63-73 Goodramgate, York, has been acquired by JRRT (Properties) Limited from Town Centre Securities Plc.

The property is located in a busy trading location within the heart of the historic Cathedral city of York, close by to York Minster. It comprises a terrace of two large retail units let to Tesco Stores Limited and Bonmarche Limited, together with a café and restaurant, extending to approximately 16,696 sq ft (1,578.9 sq m).

Approximately 80% of the income is secured to Tesco Stores Limited and Bonmarche under leases extending until at least June 2022, off passing rents equating to approximately £55 Zone A.

The total current income is £232,000 per annum. The purchase price of £3,550,000 reflects a net initial yield of 6.18%.