Shambles, York, YO1
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
3
- BATHROOMS
3
- SIZE
1,466 sq ft
136 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
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Key features
- Serviced Accommodation Investment Opportunity
- Projected ROI 20% / 29%
- Located in York's Most Famous Street
- High Return Investment Proposition
- Block of 3 Apartments
- Ability to Increase Returns Through Refurbishment
Description
Being sold as seen and as a going concern we are delighted to be facilitating the sale of this superb investment property. The property is located in York's most famous street, representing tremendous potential for its current and proposed use, in addition to substantial and consistent growth potential. The property is by far the most exciting opportunity that we have listed to date, this property is a "trophy" property but also a high return investment proposition for both cashflow and capital growth - a very rare combination!
The property is a block of three, one bedroom apartments occupying the first, second and third floors of this historic Grade II listed four storey building and is offered on a single title being offered leasehold on a new 250 year lease. Fronting The Shambles with an Easterly aspect, and no buildings positioned directly opposite the property benefits from open views of the city scene also allowing for wonderful daylight to stream into the open plan kitchen living spaces in the morning. Not that guests will be in the property a great deal with the vast array of activities and eateries on the door step, but it is a great place to sit and watch the daily hustle and bustle on the shambles. I doubt that your guests will be left wanting for much at all with a stay in any of these apartments!
The First and Second floor apartments are very similar in terms of layout, the Third floor apartment is unique with its sloping ceilings and numerous roof windows to the front and rear of the building.
The property is provisioned with electric only, there is no gas at the property. There is a single electric meter servicing the communal areas and the three apartments.
The property is being offered on a leasehold tenure. The lease will be set up by the seller upon sale and will be a 250 year term. There will be a peppercorn rent payable and no service charge, the Freeholder will organise any insurance, works and repairs to the building and will apportion the cost to the leaseholders. Which includes this property and the the separate shop on the ground floor - two leaseholders.
To receive a copy of the comprehensive brochure please register on our buyers database - visit our website to complete the buyers registration form.
Buyers premium of 2% + VAT is payable in two parts:
- A non-refundable reservation fee of 25% plus VAT or £1,500 plus VAT (whichever is greater)
- The balance is due upon legal completion (which is collected and paid by the buyers solicitor)
Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
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Shambles, York, YO1
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- York Station0.5 miles
- Poppleton Station3.0 miles
About the agent
Realm 47, Hull
Suite 712, K2 Building, Bond Street, Hull, HU1 3EN
REALM 47 Property Brokerage are Investment Specialists, with over 20 years of experience in the property industry we are here to assist investor buyers with the acquisition process or sellers throughout the sale process; acting for either party as buying agent or selling agent.
We handle a vast range of properties from existing investment properties and those with plans for development through to the less obvious properties such as those that are currently used as family homes bu
Industry affiliations
Notes
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Visit our security centre to find out moreDisclaimer - Property reference Shambles. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Realm 47, Hull. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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