Studio for sale
Key information
Property description & features
- Tenure: Leasehold (990 years remaining)
- 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
Your Move Anscombs are now in receipt of an offer for the sum of £173,000 for 25 Cocoa Suites, Navigation Road, York YO1 9AE.
Anyone wishing to place an offer on the property should contact Your Move Anscombs, 31-32 Colliergate, York YO1 8BN –[use Contact Agent Button] – [use Contact Agent Button] before exchange of contracts.
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
Business rates
IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in every case.
QYO230354/2
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Property reference QYO230354. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Your Move - York.
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Broadband availability and predicted speed: obtained from Ofcom on December 22, 2021
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on December 22, 2021
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on July 17, 2018 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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