Grove Place, Jackson Street, YORK - £1,400,000
This multi unit freehold building of 8 apartments presents an incredible investment opportunity, coming with five parking spaces, The property is situated less than half a mile from the city centre practically in the shadow of York minster. It currently generates residential lettings income of approximately £65000 per annum, with a predicted possible income of over £100k per annum if used as short term/holiday lets..The development itself is only ten years old, with energy performance certificates valid until the end of 2020; five of the apartments have EPCs rated B, and three have EPCs rated C. The accommodation includes 6 one bedroom apartments, and 2 two bedroom apartments; all with their own kitchens and bath or shower rooms. There is also a communal lobby and stairwell providing access to the apartments over three floors, with both a secure communal bin store and secure communal bike store accessible from the car park.
A RARE OPPORTUNITY TO ACQUIRE A MULTI UNIT FREEHOLD BUILDING OF 8 APARTMENTS CURRENTLY FULLY LET WITH POTENTIAL HOLIDAY LET APPLICATION.
Multi Unit Freehold InvestmentCurrently Grossing Approx: £65000 paAll Let On AST TenanciesPotential Income in Excess of £100k pa as Holiday Lets 6 One Bedroom, 2 Two Bedroom ApartmentsFreehold & Parking
10 Bedrooms | 8 Bathrooms | 8 Receptions | Garden
For further details on this
property please call our York office on
01904 659 222