City centre development to be transformed into new office scheme

A city centre development in York is set to undergo a full refurbishment programme to provide brand new business space.  

Palace Capital plc bought the building on Museum Street, which includes the Costa coffee shop, offices and seven other commercial units, as part of a £53.3m acquisition of the RT Warren portfolio last year.  

Refurbishment company Key Property Solutions, part of the Bowmer and Kirkland Group of companies, will start the internal works on the 5,500 sq ft of offices next month with completion set for January next year.

The refurbished offices will feature completely new facilities including bright open plan offices and communal areas, and new air conditioning and lighting systems.

The building includes eight retail and cafe units in total; Costa Coffee, Demi John, two Brew and Brownie cafes, GBK, Bailey’s Café, Burr Coffee and new business, Wilde and Westbrooke.

Richard Flanagan of Flanagan James Property Consultants, who advised the owners of the property, said: “Before this shop unit was even being marketed, local businesswoman Laura Pipes expressed interest in taking a lease to run her new business.

“This proves that York remains popular for small independent retailers looking to fill a gap in the high street offer.”

The whole development also includes eight off-street car parking spaces in a private car park.  

Neil Sinclair, CEO of Palace Capital plc, added: “This building is in unique location in the City Centre and there is currently a lack of good quality office space throughout central York. It will be refurbished to the highest standards and brought back into full use.”

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