YORK'S railway heartland is up for sale.
Great North Eastern Railway Limited, Network Rail Infrastructure Ltd and Arriva Trains (Northern) Ltd are among 22 tenants in two historic buildings in Station Rise which today learned that their premises have been put on the market.
Agents Knight Frank declined to reveal the price tag, but the sum is rumoured to be up to £12 million.
Owners British Rail Board (Residuary) Limited are insisting that whoever buys must honour all existing leases, which generate about £1 million in rents per year.
Most of the firms in the two buildings represent the rail industry because it is close to Hudson House, headquarters of the British Rail Board.
Henrie Westlake, investment partner with Knight Frank, said today: ""I stress that this is purely a property investment sale. There is no question of tenants being forced out.
Updated: 10:31 Monday, May 17, 2004
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