Grove Place, Jackson Street, York - £1,300,000 - Freehold

This multi-unit freehold building comprising eight apartments offers an exceptional investment opportunity, complete with seven parking spaces. Ideally located less than half a mile from York city centre and in the shadow of York Minster, the property benefits from a highly desirable setting.

Currently generating approximately £89,700 gross per annum from residential lettings, the potential gross income from short-term holiday lets is estimated to be significantly higher. The accommodation consists of six one-bedroom apartments and two two-bedroom apartments, all fully self-contained with their own kitchens and bath or shower rooms.

A communal lobby and stairwell provide access to the apartments across three floors, while a secure communal bin store and bike storage area are conveniently accessible from the car park. With its prime location and strong rental yield, this property presents an outstanding investment opportunity.

A RARE OPPORTUNITY TO ACQUIRE A MULTI UNIT FREEHOLD BUILDING OF 8 APARTMENTS CURRENTLY FULLY LET WITH POTENTIAL HOLIDAY LET APPLICATION.

ANTI-MONEY LAUNDERING COMPLIANCE

We are legally required to conduct Anti Money Laundering checks on all purchasers, sellers, and giftors. These checks become mandatory when a seller accepts a purchaser's offer on a property. Anti-Money Laundering checks are valid for 6 months from the date they are completed. If your purchase does not proceed and you make an offer on another property more than 6 months later, or if your checks are more than 6 months old when making a new offer, you will need to complete and pay for new checks. We use a partner supplier MoveButler, to carry out these checks on our behalf. They will contact you directly once your offer has been accepted (subject to contract) to complete the electronic verification process securely. There is a non-refundable charge of £30 + VAT per purchaser and per giftor for these checks.. This fee must be paid before we can issue a memorandum of sale to solicitors and is non-refundable under any circumstances. Ashtons receive a portion of this fee from MoveButler as compensation for facilitating these checks and our administrative role in the compliance process.

Freehold Block of Apartments
Walking Distance York City Centre
Currently Generating Approximately £89,700 gross per annum
Currently Tenanted Generating £86,580 gross per annum
Sought After Location
Modern Kitchens and Bathrooms
Seven Parking Spaces
EPC Range From D - B

10 Bedrooms   |   8 Bathrooms   |   8 Receptions