A large block of flats next to York city walls has gone on the market for £6,250,000.
McQuades Court is found close to the walls alongside Foss Islands Road.
On the market with Ashtons, the apartment block is described as “a rare opportunity to acquire a high quality, income producing residential investment within one of the UK’s most resilient and supply constrained rental markets”.
The development comprises 17 two bedroom apartments and 11 one bedroom apartments.
Most are let on assured shorthold tenancies and managed by Ashtons Lettings, with three apartments operated as holiday lets by Stays York.
Flats location
That brings in a gross income of about £389,940 a year.
“The property is fully let and offers immediate income from completion,” the agent details say.
Several of the apartments have private balconies, and seven parking spaces are included.
“McQuades Court is ideally situated for the city centre, railway station and York’s key employment, retail and leisure amenities, ensuring strong ongoing demand from both long term tenants and short stay visitors.
“This freehold block represents a rare opportunity to acquire scale, income and long term capital growth in a prime York location, with future asset management potential,” Ashtons says.
You can find out more here.
