Property for saleHolgate Road, York, YO24
Under Offer £1,650,000
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).
We understand that mains water and electricity is available and there is also a gas supply to the property.
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.
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