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19 bed detached house
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Our Summary
- Potential For Holiday Letting
- The property represents an incredible investment opportunity with all thirteen properties let with a gross annual income of approximately £156,000 per annum with additional income of £4800 per annum for four parking spaces let separately to tenancies'
- This is a freehold property so has the potential to be used for short term letting and therefore increase revenues
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Description
This multi-unit freehold building in York consists of 13 apartments and 8 parking spaces, generating a gross annual income of approximately £156,000 from let properties, with additional income from four separately let parking spaces. As a freehold property, it has the potential for short-term letting, increasing revenue. Located less than a mile from York city centre, with easy access to St John's University and York Hospital, the property is built in two blocks with a central parking courtyard, featuring 6 two-bedroom and 7 one-bedroom apartments, all self-contained with their own kitchens and bathrooms.
The property also includes a communal lobby and stairwell, secure bin and bike stores, and five parking spaces in the courtyard, with three additional spaces let out separately.