Cocoa Suites, Navigation Road, York - £200,000 - Leasehold
A river fronting holiday let also known as the "The Flour Mill" is a popular city centre apartment.
Nestled in a quiet corner of York city centre standing tall within Yorks historic city walls is the iconic Rowntree Wharf. The development is five stories high, includes a nine storey water tower and is believed to have previously been one of the largest flour mills in Europe when founded by Henry Leetham in 1860. The building, designed by Walter Penty later became the home of Rowntree and Co’s Navigation Warehouse with cocoa beans being brought to the wharf until the 1960s. In 2018 the ground and first floor were converted into luxury apartments called Cocoa Suites, separate to the rest of the building these apartments can be used for short term lets or as wonderful city centre homes.
This ground floor apartment with a view of the river offers a tranquil open plan living space with cleverly designed furniture to dive the space with decor reminiscent of both a traditional New York loft apartment and Scandi minimalism.
The apartment is offered furnished with an exceptionally high specification combining cutting edge technology with traditional quality. Ideal for the first time buyers or holiday let investor.
Managed by the highly regarded Stays York the income for this year is as follows : -
01/01/22 – 31/08/22 - Gross income: £13k ( 8 months Income) - Occupancy percentage: 52%
Lease 999 Years from 2019
Service Charge £388 per quarter
Ground Rent £300 p.a.
Reviewed after 25 Years and then based on RPI Afterwards
Council Tax Band - Business Rates
Current Holiday Let Apartment
Strong Returns On Investment
City Central Location
| 1 Bathroom | 1 Reception
For further details on this
property please call our York office on
01904 659 222
Monday-Friday 9am - 5:30pm / Saturday 9am - 4pm / Sunday - Closed