Micklegate, York YO1 6LJ
£700,000 Guide PriceSold (STC)
A Fully compliant, Sui Generis HMO offering EIGHT BEDROOMS with tenants in situ. The current annual income is £75,932.16 giving it an 10.85% yield at the current asking price.
The property is situated towards the city end of MICKLEGATE on the corner of St Martin's Lane. Micklegate is a cobbled and vibrant street of period properties, offering shops, public houses and restaurants and is just a short walk away from the city centre and railway station.
The arch covered front entrance door leads into a spacious ground floor hallway with staircases descending to the basement accommodation and ascending to the extensive accommodation on the upper floors. Off the main hallway are two generous double bedrooms and the stairs lead down to a further large hallway with WC, kitchen, utility and a communal living room. The kitchen has a range of modern units with eye level ovens and two separate induction hobs with large extractor fan over and a door leading to external steps. The communal living room features the original range cooker, wall cupboard and an exposed stone wall.
Returning up to the ground floor entrance hall, the staircase then takes you to the first floor with two double bedrooms and a bathroom, the second floor with two bedrooms, bathroom and separate WC, and finally to the top floor with two large attic rooms. Many of the bedrooms benefit from arched cast iron fires whilst the front bedrooms enjoy large windows that flood the rooms with light.
To the rear of the property there are the external stairs and a small railed seating area.
All viewing is strictly by prior appointment with the sole selling agents, Hudson Moody. Please contact our offices at 58, Micklegate, York, YO1 6LF. Telephone (01904) 650 650.
FIXTURES AND FITTINGS
All fixtures and fittings are specifically excluded from the sale unless they are mentioned in the particulars of sale.
Situated on Micklegate, within easy reach of the vibrant specialist shops, pubs and restaurants, yet within easy walking distance of the city centre and railway station.
Main supplies of water, electricity and drainage.
LOCAL AUTHORITY YORK
City of York Council, West Offices, Station Rise, York, YO1 6GA. Telephone 01904 551550.
Before contacting a Building Society, Bank or Solicitor you should make your offer to the office dealing with the sale, as any delay may result in the sale being agreed to another purchaser, thus incurring unnecessary costs. Under the Estate Agency Act 1991, you will be required to provide us with financial information in order to verify your position, before we can recommend your offer to the vendor. We will also require proof of identification in order to adhere to Money Laundering Regulations.