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JAMES HOUSE, JAMES STREET,YORK, YO10 3YZ

OFFICE INVESTMENT OPPORTUNITY

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JAMES HOUSE, JAMES STREET, YORK

Location

The historic City of York is located in the Yorkshire and Humberside region and has an urbanarea population of approximately 137,500 with a district population of 181,000.

The city is approximately 24 miles north east of Leeds, and benefits from excellent roadcommunications with the A64 linking to the A1/M1 link road..

York station provides a direct service to London Kings Cross with an approximate journeytime of 1 hour 51 minutes.

Situation

The property is situated just to the east of the city walls on James Street in a mixed commercialand residential area. Nearby occupiers include: Autoglass, Pickfords, Howdens, Morrisons

supermarket and Foss Islands Retail Park is within 1/4 mile.

Description

The property comprises two rectangular shaped office buildings providing ground, first and

second floor accommodation. The two wings are linked at first floor level with the southern

wing and the link section being three storeys. The office accommodation benefits from three

compartment trunking, carpeted floors, suspended ceilings, incorporating LGF compliantlight fittings with wall mounted radiators and an 8 person passenger lift.

Accommodation

Floor Use Sq Ft

Ground Floor Reception 1,048

Ground Floor Offices 11,639

First Floor Offices 15,596

Second Floor Offices 6,696

Total Net Internal Floor Area 34,979

Car parking spaces 79

Executive Summary

Ofce building within walking distance of York city centre.

2 rectangular buildings comprising approximately 34,979 sq ft.

Let to the Secretary of State for a further 3 years 2 months.

Passing rent of 450,000 per annum equating to 12.86 per sq ft.

Tenant not in occupation.

Lease surrender not explored.

Potential to sub-divide or let oor by oor.

Variety of alternative uses subject to planning including residential, student

accommodation, educational.

Seeking 3,000,000reflecting 14.17%and a capital value of 90 per sq ft

allowing for costs of 5.8%.

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JAMES HOUSE, JAMES STREET, YORK

Tenure

Freehold.

Tenancy

The entire property is let to The Secretary of State for the Environment for 25 years from

25 December 1990 expiring 24th December 2015 and providing an unexpired term of

approximately 3 years 2 months. The passing rent is 450,000 pax equating to 12.86 per

sq ft.

The property was occupied by the Land Registry and is currently vacant.

Tenant Covenant

The Secretary of State for the environment covenant is undoubted.

. :

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Whitmarsh Holt Young for themselves and for the vendor or lessor of this property for whom they act, give notice that:

These particulars are a general outline only for the guidance of prospective purchasers or tenants and do not constitutethe whole or any part of an offer or contract.

All descriptions, dimensions, references to condition and necessary permission for use and occupation, and otherdetails are given in good faith and are believed to be correct but any intending purchasers or tenants should notrely upon them as statements or representations of fact but should satisfy themselves by inspection or otherwise as to

the correctness of each of them. No employee of Whitmarsh Holt Young has any authority to make or give any representation or warranty whatever in

relation to this property or these particulars, nor enter into any contract on behalf of the vendors. No responsibility can be accepted for any expenses incurred by intending purchasers in inspecting properties which

have been sold or withdrawn. Unless otherwise stated, all prices, rents and other charges are quoted exclusive of Value Added Tax (VAT). Any

intending purchasers or tenants must satisfy themselves independently as to the incidence of VAT in respect ofany transaction.

All plant, machinery, equipment, services and xtures and ttings referred to in these particulars were presentat the date of publication. They have not however, been tested and therefore, we give absolutely no warrantyas to their condition or operation.

The date of this publication is September 2012

Brochure design: Adrian Gates 07710 316991

Further Information

ProposalWe are seeking offers of 3,000,000reflecting a yield of 14.17%and a capital

value of 90 per sq ft allowing for costs of acquisition at 5.8%.

EPC

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. . . :

David Holt

Whitmarsh Holt Young

18 Cavendish Square

London

W1G 0PJ

Tel: 0207 629 5527

DL: 0207 079 1818Mobile : 0778 8108284

dh@why50.com