3 High Petergate
York
North Yorkshire
YO1 7EN
128 Micklegate, York
Price On Application
13 Bedroom Apartment
- 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
One of a number of a large portfolio of apartment blocks with commercial aspects available to purchase individually or as a group in the centre of York.
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 matt@naishproperty.co.uk for further details.
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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