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2 bed terraced house
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Our Summary
- Subject to the necessary planning consents, it would lend itself superbly to a serviced or holiday-let operation given its prime, tourist-favoured location
- Key features:• Mixed-use freehold in the heart of York• Income of £31,800 per annum, reversionary to circa £33,000 per annum• Below-market commercial rent – clear reversionary upside (lease term ended, tenant keen to stay)• High-specification, fully furnished two-bedroom duplex apartment• Views toward York’s historic city walls• Excellent holiday / serviced-let potential (subject to planning)• Ground-floor commercial unit let to a long-established independent takeaway• Directly opposite York St John University; minutes from York Minster• Versatile asset suited to lifestyle buyers, owner-occupiers and investorsViewings by appointment only
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Description
The property is a two-storey, mixed-use freehold in the heart of York, combining a stylish, fully furnished two-bedroom apartment with a ground-floor commercial unit. The apartment, finished to a high specification and enjoying characterful views, is currently let at £1,750 per month, with potential for serviced or holiday-let operation. The commercial unit is a ground-floor takeaway, let to a long-established operator, with a below-market rent that can be reviewed to an estimated market level of around £12,000 per year, offering a clear reversionary opportunity.
Additional features of the property include characterful views of York's city walls, a prime location next to York St John University, and proximity to the independent shops, bars, and restaurants of York's historic core.