Landmark York building with redevelopment opportunities comes to the market

25 September 2017

A landmark building in the heart of York city centre with spectacular views of York Minster is being marketed by Savills Leeds on behalf of Steamrock Capital. The eight storey building benefits from prior approval for the change of use from offices to a scheme of 77 apartments under Permitted Development Rights.

Situated on Piccadilly adjacent to River Foss and within the historic City Walls, the 88,294 sq ft GIA (8,203 sq m) building, known as Ryedale House offers views of York Minster, Clifford’s Tower and the Yorkshire countryside beyond. It is located in York City Council’s designated ‘Castle Gateway’ regeneration area, which is a priority area seeking to complement and build on the vitality of the city centre.

Matthew Jones, director in the development team at Savills Leeds, comments: “Ryedale House’s redevelopment is central to achieving York City Council’s regeneration vision and not only does it benefit from prior approval for 77 apartments under office to residential conversion, it also offers significant redevelopment potential to student accommodation or hotel use subject to planning permission.

“The immediate area surrounding the building is predominantly made up of commercial and residential properties with a mixture of homes, retail and office space dating from York’s medieval origins through to contemporary developments. This is a rare opportunity in a prime spot and we therefore anticipate a high level of interest in from developers.”

Offers are being sought on an unconditional basis with a guide price of £12million. Interested parties should contact Matthew Jones or Josh Franklin at Savills Leeds on 0113 220 1258 or email jfranklin@savills.com.

 
 

Key Contacts

Matthew Jones

Matthew Jones

Director
Development

Savills Leeds

+44 (0) 113 220 1252