Property Auctions 09/Jul/2015 | United House, Piccadilly Court, York, North Yorkshire, YO1 9PQ

Freehold Residential Development Opportunity

Prominent city centre office with planning permission for conversion to residential units
Comprises approximately 4,038.3 sq m (43,468 sq ft) of office accommodation
Benefits from on-site parking for some 39 cars
Situated within walking distance of Parliament Street, York’s prime retail pitch
Approximately 15 mins walk from York Railway Station
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 20
Auction 9th July 2015
Vacant Possession
Status Sold
Price £6,020,000
Sector
Development
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of Joint LPA Receivers DTZ

Property Information

Location

Miles: 26 miles north-east of Leeds; 41 miles north-west of Scarborough; 60 miles south-east of Sheffield
Roads: A1306, A19, A64, A59, A1237
Rail: York Railway Station
Air: Leeds Bradford Airport, Robin Hood Doncaster Airport

Situation

The property is situated in a prominent position in the heart of York city centre. The building is accessed from Piccadilly which connects the prime retail pitch of Parliament Street with the York Inner City Ring Road. The main pedestrian entrance and frontage is to St Deny’s Road with a secondary access into the building from Piccadilly. Piccadilly Court houses a number of offices while the south of the site forms part of the Mayfair House, Strand House and Covent House residential development.

Tenure

Freehold.

Location

Miles: 26 miles north-east of Leeds; 41 miles north-west of Scarborough; 60 miles south-east of Sheffield
Roads: A1306, A19, A64, A59, A1237
Rail: York Railway Station
Air: Leeds Bradford Airport, Robin Hood Doncaster Airport

Situation

The property is situated in a prominent position in the heart of York city centre. The building is accessed from Piccadilly which connects the prime retail pitch of Parliament Street with the York Inner City Ring Road. The main pedestrian entrance and frontage is to St Deny’s Road with a secondary access into the building from Piccadilly. Piccadilly Court houses a number of offices while the south of the site forms part of the Mayfair House, Strand House and Covent House residential development.

Tenure

Freehold.

Description

The property, formally occupied by the Crown Prosecution Services, comprises predominantly open plan office accommodation that was refurbished in the early 1990s and is arranged over 7 upper floors. The property benefits from suspended ceilings, an 8 person passenger lift and parking for some 39 cars.

Planning
Planning Permission was granted for the conversion of United House to 102 dwellings in 2014. An alternative scheme to convert the property to 59 dwellings was also given consent in 2015 over 1st to 6th floors. There are additional redevelopment opportunities for the ground floor subject to consents.

For further information please refer to the website
http://www.planningaccess.york.gov.uk Reference: 15/00801/ORC and 14/02420/ORC.

Six Week Completion

Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

Viewings

There will be block viewings for this property.
Interested parties must register their details with the Auctioneers and provide
identification on site. Please contact Will Moore. Telephone: +44 (0)20 7034 4858.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property, formally occupied by the Crown Prosecution Services, comprises predominantly open plan office accommodation that was refurbished in the early 1990s and is arranged over 7 upper floors. The property benefits from suspended ceilings, an 8 person passenger lift and parking for some 39 cars.

Planning
Planning Permission was granted for the conversion of United House to 102 dwellings in 2014. An alternative scheme to convert the property to 59 dwellings was also given consent in 2015 over 1st to 6th floors. There are additional redevelopment opportunities for the ground floor subject to consents.

For further information please refer to the website
http://www.planningaccess.york.gov.uk Reference: 15/00801/ORC and 14/02420/ORC.

Six Week Completion

Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

Viewings

There will be block viewings for this property.
Interested parties must register their details with the Auctioneers and provide
identification on site. Please contact Will Moore. Telephone: +44 (0)20 7034 4858.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant
Ground First Second Third Fourth Fifth Sixth Seventh	Reception/Office Office Office Office Office Office Office Office	600.5 sq m 544.4 sq m 544.1 sq m 544.4 sq m 545.3 sq m 544.9 sq m 544.3 sq m 170.3 sq m	(6,463 sq ft) (5,861 sq ft) (5,857 sq ft) (5,860 sq ft) (5,870 sq ft) (5,865 sq ft) (5,859 sq ft) (1,833 sq ft)	VACANT POSSESSION
Totals		4,038.3 sq m	(43,468 sq ft)