Merchants Place Syndicate
Mixed-Use

Merchants Place Syndicate

About this property

Merchants Place stands on an island site beside Foss Bridge in central York, with a return corner frontage to Piccadilly and Merchantgate and a further frontage to the River Foss. The building was constructed in about 2007, with a steel frame clad in brick with stone dressings under a slate mansard roof, a glazed ground floor frontage and undercroft parking. The ground floor commercial unit is arranged as a series of differently sized partitioned rooms with a fitted kitchen, WCs and a shower room, and has a timber decked terrace overlooking the river. Walmgate and Fossgate, known for independent restaurants, cafes, bars and artisan shops, are a short walk away.

The ground floor is let to Odyssey Attractions Limited, which trades from it as a visitor attraction. The four upper floors provide twelve apartments, all sold off on 250 year long leases which pay ground rents to the syndicate.

Current occupiers
  • Odyssey Attractions LimitedLeisure & Hospitality
Syndication complete

This syndicate is closed to new investment.

At a glance

Type
Mixed-Use
Address
1 & 12 Merchants Place, YO1 9TU
Initial yield
6.5%
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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