The property, which totals 61,421 sq ft, was refurbished in the mid-1990s and is of steel frame construction. The warehouse has been partitioned to provide first floor offices; there are further ground floor offices and a reception to the front elevation.
The main warehouse has an eaves height of 8.9m and the warehouse extension is 7.0m high. There was an unimplemented planning consent for a 25,000 sq ft warehouse to the rear of the property, which expired on 22nd February 2011. Site area 4.26 acres, which equates to a site coverage of 35%. The exterior areas are landscaped with staff and customer parking facilities.
The property is located on the periphery of Airfield Business Park, Elvington, which is approximately seven miles south east of York city centre. The business park, which was formerly an airfield, has been redeveloped since the late 1970s providing a mix of industrial units.
Let to York Mailing Ltd until March 2018.
Tenure: 999 year lease with a ground rent of £2.0 per annum.
Structure
The property was part of the Sapphire Portfolio (Part). See ‘Sapphire Portfolio (Part)’ section for further details.
Asset Management/Value-Add
Proposal seriously considered by tenant to extend lease in return for landlord investment in the environmental credentials of the building; in particular the addition of solar panels and “state of the art” heating control hardware and software. Ultimately this did not progress as they acquired new premises in Scarborough.
