(Image: Supplied)
A York city centre office building has hit the market – for £3 million.
Saviour House, a 1990s office block in St Saviourgate, is for sale.
Graham Foxton, investment partner with Knight Frank, which is handling the sale, said it presents an opportunity to “breathe new life into a prime building in the centre of the historic city of York”.
Graham Foxton, investment partner with Knight Frank (Image: Supplied)
He said Saviour House has been “predominantly stripped out” by the current owner and is now “ready for redevelopment, refurbishment or conversion”.
The sale includes the 24,592 sq ft building with five floors along with 25 parking spaces.
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Mr Fox said the building was previously a multi-let office but the owners have “achieved full vacant possession to enable a buyer full flexibility for conversion or to put their own stamp on an office scheme”.
He said it is “so rare to get a modern freehold building of this nature in York and the floor plates will lend themselves to a variety of uses”.
Mr Fox said Knight Frank expects a “good deal of interest in Saviour House”, adding: “It is competitively priced, with the £3m price tag reflecting a capital value of £122 per sq ft."
He continued: “While presently configured as office accommodation, the property’s scale, arrangement and location provide an opportunity to consider a much broader range of future uses.
“Saviour House may appeal to commercial investors and owner-occupiers seeking a prominent city centre building, as well as developers and specialist operators looking to reposition the property for residential, purpose-built student accommodation, hotel, aparthotel, serviced accommodation, co-living or other commercial and specialist living uses.
“Prospective purchasers are encouraged to assess the property according to their own requirements, sector expertise and appraisal assumptions.
“The property is not listed, although it lies within the York Central Core Conservation Area and is surrounded by a number of important listed buildings.
“Any conversion, change of use or redevelopment will therefore be subject to planning and all other necessary statutory consents.”