Mcquades Court, City Centre, York - £6,250,000 - Freehold

McQuades Court is a substantial freehold block of apartments, occupying a prime city centre position with a number of apartments enjoying balconies overlooking York’s historic city walls. This is a rare opportunity to acquire a high quality, income producing residential investment within one of the UK’s most resilient and supply constrained rental markets.

The building comprises 28 self contained apartments, arranged as 17 two bedroom apartments and 11 one bedroom apartments. The majority are let on assured shorthold tenancies and professionally managed by Ashtons Lettings, with three apartments operated successfully as holiday lets by Stays York, providing a blended and well diversified income stream.

The current gross income is approximately £389,940 per annum, with established management in place and a proven track record of consistent occupancy. The property is fully let and offers immediate income from completion.

Several apartments benefit from private balconies with attractive outlooks towards the city walls, an increasingly sought after feature for central York living. Externally, the development also includes seven allocated parking spaces, adding further value and appeal in this central location.

McQuades Court is ideally situated for the city centre, railway station and York’s key employment, retail and leisure amenities, ensuring strong ongoing demand from both long term tenants and short stay visitors.

This freehold block represents a rare opportunity to acquire scale, income and long term capital growth in a prime York location, with future asset management potential.

Further details, income schedules and viewing arrangements are available through Ashtons.

Freehold Block of Apartments
Twenty Eight Self Contained Apartments
Seventeen Two Bed Apartments
Seven Parking Spaces
Within York City Walls
Walking Distance To York Minster, University Of York and York St Johns
EPC ALL C OR D

45 Bedrooms   |   29 Bathrooms   |   29 Receptions