Property for sale

Holgate Road, York, YO24

Under Offer £1,650,000

Property Description

Key features

  • Existing
  • AST

Full description

The property comprises 24 units in total, four ground floor units that are self-contained, one bedroom flats and the remaining 20 units are one bedroom ensuite rooms with a shared kitchen facility

The property comprises four terraced Grade II listed townhouses which have been converted into
one building. The current income is circa £140,000 per annum however several of the rents have not been increased for several years so the estimated rental value is circa £162,000. The property is suitable for an investor looking for Income at a 8.5% gross initial yield, break up and/or renovation back into four large family homes (STP).

Services
We understand that mains water and electricity is available and there is also a gas supply to the property.

Parking
There is substantial parking to the rear of the property


The property is located in the heart of York, within close proximity to the York Central site
(https://www.york.gov.uk/yorkcentral) a 72 hectare (178 acres) site, proposed mixed use scheme comprising residential development, office, retail and leisure facilities. The city of York is also home to many bars and restaurants which serve the local population and the large number of tourist who visit York each year.


More information from this agent

Listing History

Added on Rightmove:
22 July 2016

Nearest stations

  • York (0.4 mi)
  • Poppleton (2.5 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Knight Frank - New Homes, Birmingham

1 Colmore Row, Birmingham, B3 2BJ

0121 396 0557 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • York (0.4 mi)
  • Poppleton (2.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Knight Frank - New Homes, Birmingham

1 Colmore Row, Birmingham, B3 2BJ

0121 396 0557 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference RIN160041. 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 Knight Frank - New Homes, Birmingham. 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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