Merchantgate Developments Limited
About this property
Merchantgate Developments Limited is a development vehicle rather than a let investment property, and the portal record reflects that. It is recorded as a joint venture, with Helmsley Securities Limited acting as project co-ordinator, and the whole of it is held as a single stake by Merchantgate Developments Limited. No address, floor area or valuation is held on the record.
Two tenancies are recorded against it, both on Walmgate in York, a street running east from the Foss between Fossgate and Walmgate Bar. The Watergate Inn at 24 Walmgate is let to The Watergate Inn Limited on a ten year term from April 2022, and the adjoining unit at 24A Walmgate is let to Kemal Bulut, trading as Yorvik Hair, on a ten year term from October 2017.
- Kemal Bulut TA Yorvik Hair
Retail - The Watergate Inn Limited
Leisure & Hospitality
This syndicate is closed to new investment.
At a glance
- Type
- Development
- Address
- 24 Walmgate, York, YO1 9TJ
- Initial yield
- 6.29%
- Syndicated
Initial yield is the net initial yield at the date that building was syndicated. It is a historic figure for that date and is not an indication of the income or the return available now or in future. Past performance is not a reliable indicator of future results.
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