This rare investment opportunity presents a block of three self-contained two-bedroom flats in the heart of York City Centre, generating an impressive average gross annual income of £142,000 from its current holiday let operation. The property features modern décor, practical layouts, and electric heating throughout, making it ideal for both short-stay guests and long-term tenants. With planning permission already granted to convert the units to residential lets, investors can choose between continued high-yield short-stay income or long-term residential rental security. The property benefits from a new 999-year lease and peppercorn ground rent, ensuring long-term peace of mind with minimal ongoing costs. Situated in a vibrant and always-busy central location, this property offers consistent occupancy, outstanding rental potential, and a rare investment opportunity in one of the UK's most iconic and desirable historic cities.