A former retail store in Parliament Street, York has been sold to specialist serviced apartments owner and operator, Mansley Serviced Apartments.
The building, dating from the 19th century is situated in the centre of the city, directly opposite Marks & Spencer and adjacent to a Barclays Bank, with a ground floor retail use.
The development will feature 19 self-catering apartments providing 23 bedrooms, including four feature duplex apartments, whilst ancillary areas and new external spaces will be created for guests. Construction is due to commence in Q1 2023.
Mansley Serviced Apartments operates properties in Mayfair, Kensington, Cheltenham, Edinburgh (Old and New Town) and Inverness.
Steve Davis, Managing Director of Grantside commented, “When we bought this building, our aim was to give new life to it, both in the short and long-term.
'Christie & Co were able to bring an established serviced apartment specialist with both UK and International expertise to the table and we look forward to working with Mansley Serviced Apartments to deliver another high calibre development in our city.”
Sir Richard Rowley, CEO of the Mansley Group, added, “York is such a beautiful city with excellent transport links in an outstanding part of the UK and has always been a target for us.
'At Mansley we always aim to find properties which are in the best locations within a city and as such this acquisition makes a perfect addition to our existing portfolio which we are confident our guests will enjoy and appreciate.”
Head of Leisure & Development at Christie & Co, Jon Patrick who brokered the sale concluded, “York is a perennially successful tourist and leisure location, competing with the likes of London, Edinburgh and Brighton when it comes to occupancy.
'Room rates in the city have built very strongly during 2022 on the back of the staycation market and the city has many things to offer its visitors from the UK and overseas in terms of history, culture and entertainment”.
