Sale of Student Housing Site Completed

Advised by Howard Jenkins, York Motor Factors has sold an industrial site in Redeness Street, York; the new 4-5 storey development will provide high quality accommodation for 98 students, with cycle parking and complementary landscaping.

As part of the transaction, the Company will be provided with undercroft parking on the ground floor of the development to support its existing depot and head office in Layerthorpe.

Solicitors’ Investment Properties Sold

Howard Jenkins has sold on behalf of private clients two high quality office & industrial investments at London Ebor Business Park, Millfield Lane, York.

The two properties, extending to a total floor area of 6,915 ft², are each let to Ramsdens Solicitors LLP (14 offices; 270 staff) until 2024 and were sold to a well-established York investment company at net initial yields of c.6.5%.