Helmsley Group has sold the ground and mezzanine floors of the office element of the mixed-use development, which are occupied by the patent and trademark attorneys Secerna, at a guide price of £1.1m on a 999-year lease.
Jonathan Wade of Wade Property Consultants acted for Helmsley and London Ebor on the sale. Richard Dunn of Sanderson Weatherall was agent for Standard Life.
The scheme is a joint venture between Helmsley Group and fellow York-based property development business London Ebor.
The building dates from 1856 when it was built as Trinity Chapel, before its conversion to a fire station in 1938.
Max Reeves, development director at Helmsley Group, said: “With the fire brigade relocating to a new, purpose-built premises, we had the opportunity to extensively renovate the building, sensitively bringing it back to life and lifting the standard of heritage development in the city. We have been delighted with the result.
“As a York-based company, we are extremely proud of our role in supporting the city and wider region’s economies.
“This transaction also demonstrates a returning confidence in quality property investment in light of the coronavirus and we are optimistic this trend will continue.”
The sale at The Old Fire Station follows the successful launch of Helmsley Group’s Aura residential development in York last month, which saw each of the scheme’s 14 one and two-bed apartments sold within a fortnight.
Commenting on the sale, Jonathan Wade, director at Wade Property Consultants, said: “It is very pleasing to have acted for Helmsley and London Ebor on the sale of offices at The Old Fire Station, a transaction that demonstrates there is still a good market for the right property in strong locations.”
Richard Dunn, partner at Sanderson Weatherall, added: “The Old Fire Station is a good investment for our client, Standard Life, and fitted their brief perfectly. The dynamics of the York office market remain robust, with demand for this popular city outweighing the limited stock.”
Editor’s note: first and foremost - and rarely have I written down these words with more sincerity - I hope this finds you well.
Almost certainly you are here because you value the quality and the integrity of the journalism produced by The Yorkshire Post’s journalists - almost all of which live alongside you in Yorkshire, spending the wages they earn with Yorkshire businesses - who last year took this title to the industry watchdog’s Most Trusted Newspaper in Britain accolade.
And that is why I must make an urgent request of you: as advertising revenue declines, your support becomes evermore crucial to the maintenance of the journalistic standards expected of The Yorkshire Post. If you can, safely, please buy a paper or take up a subscription. We want to continue to make you proud of Yorkshire’s National Newspaper but we are going to need your help.
Postal subscription copies can be ordered by calling 0330 4030066 or by emailing [email protected] Vouchers, to be exchanged at retail sales outlets - our newsagents need you, too - can be subscribed to by contacting subscriptions on 0330 1235950 or by visiting www.localsubsplus.co.uk where you should select The Yorkshire Post from the list of titles available.
If you want to help right now, download our tablet app from the App / Play Stores. Every contribution you make helps to provide this county with the best regional journalism in the country.
Sincerely. Thank you.