10 bed flat for sale

Stephenson Court, York YO26

**sstc off market**

We are pleased to offer the freehold interest in this modern residential investment development situated just off Leeman Road, close to York Railway Station and the city centre. Constructed by Yorvik Homes in 2006, Stephenson Court is a well regarded and popular development comprising eight self contained apartments together with five allocated parking spaces.

The building consists of six one bedroom apartments and two two bedroom apartments, all currently fully let on individual Assured Periodic Tenancies producing a strong annual income of £95,820 per annum.

The apartments are well presented throughout and benefit from modern layouts, attractive rental demand and a highly convenient location for access to York city centre, railway station and the surrounding road network. The development offers an excellent opportunity for investors seeking a fully income producing residential asset within one of York’s most consistently popular rental locations.

Current Schedule of Income:

Apartment 15 – One Bedroom Ground Floor Apartment – No Parking – £995 pcm
Apartment 16 – One Bedroom Ground Floor Apartment – With Parking – £1,050 pcm
Apartment 17 – One Bedroom Ground Floor Apartment – With Parking – £1,050 pcm
Apartment 18 – One Bedroom First Floor Apartment – No Parking – £995 pcm
Apartment 19 – Two Bedroom First Floor Apartment – With Parking – £1,050 pcm
Apartment 20 – One Bedroom First Floor Apartment – With Parking – £925 pcm
Apartment 21 – One Bedroom Second Floor Apartment – No Parking – £950 pcm
Apartment 22 – Two Bedroom Second Floor Apartment – With Parking – £970 pcm

Total Monthly Income: £7,985
Total Annual Income: £95,820

Anti-Money Laundering Compliance

We are legally required to conduct Anti Money Laundering checks on all purchasers, sellers, and giftors. 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 and per giftor 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.