£180,000
Flat for sale, York, North Yorkshire, YO1
Navigation Road
- Superb Holiday Let Investment
- In The Heart Of York City Centre
- Studio Apartment
- Ground Floor
- Overlooking The River Foss
- Security Entry System
- Stylish Fitted Kitchen
- Electric Heating
- £33,000 gross income 12 months to June 30
- No forward chain
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A superb holiday let investment overlooking the river Foss in the heart of York city centre.
‘The Yorkie Suite’ is a luxuriously appointed studio apartment on the ground floor of this historic building within York’s city walls, formerly one of Rowntree’s warehouses for cocoa beans. The property has been a successful holiday let since it was newly converted in 2018.
‘The Yorkie Suite’ forms part of the Cocoa Suites, a selection of apartments on the ground and first floors that were specifically created for use as short term lets, however they can also be used as a permanent home.
The security entry system provides access into the ‘hotel-like’ entrance lobby and corridor to the apartment. Once inside there is an entrance lobby with a handy built in wardrobe/cupboard, a luxury shower room/WC, and a studio room with a stylish fitted kitchen, dining and lounge area and a pull-down double bed neatly hidden behind cupboard doors. The apartment has the feel of a luxury hotel room, yet the character of a grand period house with its exposed brickwork framing the large window overlooking the river below.
The property has electric heating and ceiling downlighters, and an energy performance (EPC) rating of E.
Managed by Violet Homes, the apartment generated a gross rental income in 2023 of £31,653.12
Lease length – 999 years from 1 December 2015
Ground Rent - £100 per annum – next review 2036, then every 21 years thereafter
Maintenance charge – Service charge, buildings insurance and reserve fund approx. £420 per quarter.
COUNCIL TAX
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Energy Efficiency Rating
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52CO2 Rating
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Not energy efficient - higher running costs
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