3 High Petergate
York
North Yorkshire
YO1 7EN
Micklegate, York
O.I.R.O £1,150,000
10 Bedroom
- Generational Portfolio Available
- 8 Apartment block
- Incredible Commercial Aspect with two long term tenants
- Well Maintained and Managed
- 8-9% ROI
- Available as Individual Buildings or full portfolio
- High Tenant Retention
- Hands-off Investment
- STAMP DUTY CIRCA £47,000
One of multiple apartment blocks available to purchase in the centre of York, available to purchase individually or as a portfolio.
Naish Estate Agents have been instructed to facilitate the sale of a large investment portfolio in York city centre.
142 Micklegate has a total of 8 apartments and two commercial units with long term tenants situated along one of York's most popular and bustling locations- Micklegate.
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 8 apartments have been tenanted consistently with low void periods through the help of our letting department. The properties have been well maintained and managed appropriately to ensure consistent rental income and high tenant retention.
The commercial aspects of the building include a Bridal shop and an embroidery shop.
There are other freehold blocks with mixed us available
The total annual rental income from 142 Micklegate was £103,940 in 2024
Total residential rent in 2024-
£82,670
Total Commercial rent in 2024
£21,270
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 and information in the rest of the portfolio
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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