Coney Street, York
£2,000,000 Sold (STC)
8 Bedroom Apartment
- City Centre Luxury ApartHotel
- Eight Contemporary & Individual Units
- Converted In 2023 To Exceptional Standard
- Over £300k Gross Income In First Full Year
- Separate Commercial Unit On Coney Street
- Fully Operational With Ongoing Bookings
- Rare Opportunity In The York Market
Situated in the heart of the city we offer this recently converted aparthotel consisting of 8 contemporary apartments achieving a gross income over the last year of over £300k in only its second year of operation. The project was completed in mid 2023 to the highest of standards and offers a rare opportunity in this most desirable sector of the investment market.
In addition to the apartments is a commercial premises on Coney street currently producing an additional income of £21000 PA.
The building is fully managed by Stays York and can offer a turnkey investment or an addition to any holiday let portfolio, to be sold as a going concern, fully furnished with ongoing bookings.
Full details of income and expenses are available on request.
VAT is payable in addition to the purchase price.
ANTI-MONEY LAUNDERING COMPLIANCE
We are legally required to conduct Anti Money Laundering checks on all purchasers and sellers. These checks become mandatory when a seller accepts a purchaser's offer on a property. Anti-Money Laundering checks are valid for 6 months from the date they are completed. If your purchase does not proceed and you make an offer on another property more than 6 months later, or if your checks are more than 6 months old when making a new offer, you will need to complete and pay for new checks. We use a partner supplier MoveButler, to carry out these checks on our behalf. They will contact you directly once your offer has been accepted (subject to contract) to complete the electronic verification process securely. There is a non-refundable charge of £30 + VAT per purchaser for these checks. This fee must be paid before we can issue a memorandum of sale to solicitors and is non-refundable under any circumstances. Ashtons receive a portion of this fee from Movebutler as compensation for facilitating these checks and our administrative role in the compliance process.
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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