Block of flats for sale

Nunnery Lane, York YO23

A portfolio of 5 flats located in York with tenants currently situated. They are currently generating steady, rewarding rental returns for the current landlord.

For investors looking for a rewarding investment, this is a brilliant opportunity!

The portfolio comprises five flats in total, including two spacious two-bedroom units and three one-bedroom flats. Four of the flats are let on short-hold tenancies, while one is operated as a holiday let. All flats feature well-appointed living areas and kitchens, with some benefiting from private courtyards. Additionally, the property offers bicycle storage at the rear, and the holiday let apartment includes a cellar.

➔ Flat 1 is located on the second floor and comprises of the kitchen-living space, and two bedrooms with en-suite bathrooms.
➔ Flat 2 is arranged over two floors. The first floor comprises an open-plan kitchen and living room, one bedroom, and a shower room, while the second floor offers an additional bedroom and a bathroom.
➔ Flat 3 is located on the first floor and comprises a lounge, kitchen, bedroom, and shower room.
➔ Flat 4 is located on the ground floor and features a living kitchen, bedroom, and shower room.
➔ Flat 5 is a ground-floor holiday let, comprising a living room, kitchen, bedroom, and shower room.

Investment details

The portfolio currently produces an annual gross income of £63,000 with tenants currently situated. Considering the purchase price and the potential rental income that could be earned in future years, this will make for a worthwhile addition to an investors property portfolio.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested, please call us.

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