Ryedale House Piccadilly, York YO1 9PE. Major Refurbishment Opportunity of interest to Residential, Student and Hotel Developers

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1 Major Refurbishment Opportunity of interest to Residential, Student and Hotel Developers

2 > Landmark York City Centre building with Permitted Development Rights granted for conversion to residential use > The building currently comprises approximately 88,294 ft² GIA (80,512 ft² NIA) > 8 storey iconic building adjacent to the River Foss and Clifford s Tower, enjoying superb views across York and beyond > 0.65 acre (0.26 hectares) site situated on Piccadilly within the historic York City walls > Significant redevelopment potential, including to Student or Hotel use, subject to planning > Offers are invited on an unconditional basis by Noon on the 27 th October 2017 Site Location The subject property is situated on Piccadilly in the centre of York, within the historic York City walls. The area immediately surrounding the property is predominately commercial and residential with a mixture of dwellings, retail and office space dating from York s medieval origins through to contemporary developments. The property lies immediately to the east of the River Foss. The northern boundary is comprised of the Piccadilly Car Park building and the southern boundary is formed of the Castle Mills car park. The eastern boundary is formed of newly renovated Piccadilly Residence. The property benefits from immediate proximity to the full range of York s services and amenities, being within the heart of the city centre, providing excellent rail, pedestrian, cycle and road access. GIL York City Centre offers a good range of retail and leisure facilities and is a popular tourist destination. The A1036 and A19 leads to the A64 bypass on the south side of York which in turn gives good access to the A1 at Bramham. York railway station is situated on the East Coast main line with journey times of around 2 hours to London. The train station is popular with commuters, residents and tourists alike. There is also good access to local schools and out of town shopping centres around York such as Monks Cross and the York Designer Outlet, just to the south of the A19/A64 junction. ALK JEWBURY MONKGA HIGH PETERGATE York Minster LAYERTHORPE JAMES STREET YORK STATION LEEMAN ROAD STATION ROAD MICKLEGATE River Ouse BRIDGE STREET Histoic Core DAVYGATE CONEY STREET COPPE RGATE LOW PETERGATE FOSSGATE PICCADILLY THE STONEBOW River Foss FOSS ISLANDS ROAD SKELDERGATE Clifford s Tower A1036 SKELDERGATE BRIDGE CAN ROAD LAWRENCE STREET 2

3 York Railway Station Museum Gardens York Minster Ryedale House Micklegate River Ouse Historic Core Coney Street Parliament Street Clifford s Tower Coppergate Shopping Centre Piccadilly Hungate Re-Development River Foss Castle Gateway Regeneration Area 3

4 Indicative CGI of enhanced planning permission Description Ryedale House comprises the former office building of the North Yorkshire Health Authority, being constructed in The building currently comprises approximately 88,294 sq ft GIA and 80,512 sq ft NIA. We understand that the construction is of a concrete frame with brick and glass cladding. The existing first to seventh floors were originally designed as office space with a central core accessed from an under croft car park at ground level. The office accommodation is comprised over ground to the seventh floor. The floor to ceiling height is approximately 2.6m. The site comprises an area of approximately 0.65 acres (0.26 hectares). The property is currently vacant. Ryedale House offers fantastic views from the upper floors looking over York city centre with specific premium aspects over York Minster, Cliffords Tower and York Castle. In addition it is adjacent to the River Foss, further enhancing its appeal. The property currently has the benefit of approximately 57 undercroft car parking spaces. Indicative CGI of enhanced planning permission Planning Permitted Development Ryedale House has the benefit of a prior approval for the change of use from offices to a scheme of 77 apartments (use class C3), dated December 2016 (Ref: 16/02022/ORC) under Permitted Development Rights. The site is situated within 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, improving the historic setting of Clifford s Tower. Ryedale House s redevelopment is central to achieving this regeneration vision. Enhanced Planning Permission In addition to the existing PD Rights, the vendors are in the process of securing an enhanced planning permission that includes the addition of duplex apartments to the roof, apartment layout orientation and external cladding. The proposed enhanced application is for an existing plant room on the eighth floor to be demolished and replaced with additional residential floor space to provide four duplexes accessed from the seventh floor. The vendors shall also be submitting an application for a 5,200 sq ft retail unit at ground floor level. All drawings are available on our dedicated dataroom, with access details provided below. The property could be suitable for other uses such as a hotel or student accommodation, subject to the receipt of the necessary planning consents. 4

5 Views towards York Minster Existing Accommodation Approved PD Scheme Proposed Enhanced Scheme Level Area Sq m Area Sq ft Level No. Units Area Sq ft Level No. Units Area Sq ft Ground ,412 First 1, ,268 Second 1, ,366 Third 1, ,268 Fourth 1, ,290 Fifth 1, ,290 Sixth 1, ,309 Seventh 1, ,309 Total 7, ,512 First 11 8,852 Second 11 8,852 Third 11 8,852 Fourth 11 8,873 Fifth 11 8,872 Sixth 11 8,885 Seventh 11 8,884 Total 77 62,070 Ground Retail 5,344* First 11 8,747 Second 11 9,005 Third 11 9,015 Fourth 11 9,037 Fifth 11 9,027 Sixth 11 9,048 Seventh 6 5,278 Seventh/Eighth 4 8,316* Total 76 72,817 *Floor Areas to be confirmed. 5

6 Technical Information All planning and technical information, including the EPC, is available to interested parties through a data room via our dedicated website: Piccadilly Existing Wayleaves, Easements and Rights of Way The landowner shall retain a small section of land to the northern and western boundary in order to facilitate the addition of a pedestrian and cycle footbridge across the River Foss. Full details of this are available on the dataroom. The site is subject to and with the benefit of all wayleaves, easements and rights of way, whether or not mentioned in these particulars Tenure The site is held freehold. Key Ryedale House Site Boundary Land to be retained by LaSalle UK Ventures Property for the footprint of the proposed pedestrian and cycle footbridge across the River Foss Land to be retained by LaSalle UK Ventures Property to provide pedestrian access between Ryedale House and the River Foss Extents of existing Ryedale House structure over the car park Extents of existing Ryedale House external escape stair from first floor to ground level Additional land to be retained by LaSalle UK Ventures Property for the proposed pedestrian and cycle footbridge across the River Foss Bridge construction zone Ryedale House River Foss Offers We are seeking offers on an unconditional basis. The deadline for offers is noon on the 27 th October 2017, to be submitted to Matthew Jones addressed to the Development Department, Savills, Ground Floor, City Point, 29 King Street, Leeds, LS1 2HL. Guide Price 12,000,000 VAT The vendor reserves the right to charge VAT. Viewing Viewing of the site is strictly by appointment only. Should you wish to make an appointment please contact: Matthew Jones mjones@savills.com Particulars: September 2017 Josh Franklin jfranklin@savills.com Important Notice Savills, their clients and any joint agents give notice that: Tom Cunningham tcunningham@savills.com They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own or on behalf of their client or otherwise. They assume no responsibility for any statement that may be in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. 6

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