An imposing York building with a near-170 year history is up for sale for £2.775 million.
Number 37 Tanner Row was built as a hotel but has been home to offices for many years.
The estate agents describe it as an investment opportunity with “potential for alternative use”.
The Grade II listed building is opposite the Grand Hotel and City of York Council HQ. With five storeys, including a basement, it covers 16,087 sq ft.
It has been home for many years to English Heritage, which has a lease on the offices that doesn’t expire until 1 August 2027. Sister organisation Historic England is also based there.
Any new owner would have to respect the charity as sitting tenants.
With an annual rent of £235,842 the building offers an “8% net initial yield” says property consultants Dove Haigh Phillips, which is marketing the property on behalf of current owners, Intertrust Fund Services (UK) Limited.
The brochure for 37 Tanner Row says: “It consists of a main building with the entrance onto Tanner Row with a converted stable block attached to the rear of the property which has an additional access from the road along the side of the property.
“The main building is arranged over a basement, ground and three upper floors. The converted stable block at the back of the site is fully integrated with the main building and consists of ground floor and first floor offices and storage.”
The Clements Hall Local History Group has researched the heritage of the building. According to their website, “The George Hotel was built at what is now 37 Tanner Row in June 1855.
“A five storey building including the basement, it was described as a red brick palazzo, and known as Winn’s George Hotel after the manager.
“In 1861 its tenant became John Holliday who renamed it Holliday’s North Eastern Hotel, after the railway company.
“By 1899 this in turn was also bought by the North Eastern Railway to provide temporary office accommodation.
“The original building is to the right of the main entrance – four bays to the left were an early extension.”