128 Micklegate, York
- PROPERTY TYPE
Apartment
- BEDROOMS
6
- BATHROOMS
6
- SIZE
668 sq ft
62 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.
Freehold
Key features
- Generational Portfolio Available
- 36 Apartments Total
- Commercial Aspect with Well Known Tenants
- Well Maintained and Managed
- 8-9% ROI
- Available as a Full Portfolio or Individual Buildings
- High Tenant Retention
- Hands-off Investment
Description
Naish Estate Agents have been instructed to facilitate the sale of a large investment portfolio in York city centre.
There are a total of 36 apartments and three commercial aspects set over four freehold properties, situated along one of York's most popular and bustling locations.
Micklegate is described by the city of York Council as 'one of the most handsome streets in Yorkshire' with the majority of buildings being three of four storey Georgian structures.
The street runs East from York city walls at Micklegate Bar which due to its historic importance is regarded as the Royal entrance to the city and is a stones throw from York Train Station.
The properties have been under the same ownership for generations and a sale presents an incredible opportunity for buyers looking to achieve high return on investment.
The 36 apartments have been tenanted consistently with low void periods through the help of our lettings department. The properties have been well maintained and managed appropriately to ensure consistent rental income and high tenant retention.
Number 128 Micklegate pictured was built in the mid-18th Century. This striking Georgian townhouse has since been converted to a number of self-contained, modern apartments that have been finished to a high specification.
The commercial aspects of the building include a well known UK-based brewery with a 10 years lease agreement through the Limited Company.
The buildings are available individually or as a portfolio.
The total annual rental income from the whole portfolio is circa £400,000.
Block 1-
6 apartments total rental income-
£58,075
Block 2-
7 apartments total rental income-
£63,678
Block 3
8 apartments total rental income-
£82,670
Block 4
15 apartments total rental income-
£138,177
Commercial
Three premises within the buildings-
£52,885
Buyers can expect a yield between 8-9%
Viewings and further information is available strictly through Naish Estate Agents. Please contact for further details.
Brochures
128 Micklegate, YorkBrochure- 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.
- Band: A
- LISTED PROPERTYA property designated as being of architectural or historical interest, with additional obligations imposed upon the owner.Read more about listed properties in our glossary page.
- Listed
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- No parking
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
128 Micklegate, York
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Visit our security centre to find out moreDisclaimer - Property reference 33817178. 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 Naish Estate Agents, York. 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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