Prime long income investment opportunity

Property occupies a key gateway site in York comprising three commercial retail units set below 17 luxury residential apartments. The property totals 49,905 Sq Ft and produces a total rental income of £422,625 pa. 100% of the income is indexed linked to RPI/CPI. Diversified tenant line-up let to the strong covenants of the Co-operative Food, Roxy Ball Room and Mydentist. Long, secure income with a WAULT of 16.1 years to lease expiry and 12.4 years to break options. Property was originally completed in 1965. The property was most recently acquired in 2015 and has been comprehensively refurbished and transformed into a mixed-use development comprising luxury flats sitting above commercial retail units.