High Newbiggin Street, York
£900,000
Guide price
- Bedrooms: 6
Existing Holiday Let Business For Sale.
4 recently refurbished Freehold apartments, set within a walled courtyard, located just minutes' walk from the heart of the city.
The business has traded successfully for 5 years and is running currently and has an excellent website (www.minstersreach.co.uk) and is run through a local holiday let company. There are healthy bookings throughout the forth coming months, and repeat business is building (alongside excellent reviews).
As a commercial property, the apartments fall under business rates (not council tax) and benefit from a lower comparable Stamp Duty levy.
With use of quality sofa beds the apartments can accommodate up to 20 guests at one time - giving excellent flexibility for the owners to target their preferred groups.
Location
Located off Lord Mayors Walk, just a short walk from York Minster, York Theatre Royal and the multitude of shops, bars and cafes on offer. A perfect position for visitors to enjoy York from. Parking is available in Monk Bar car park that is on the door step of the development - perfect from unloading the luggage!
The Development
All 4 apartments are set within a private walled courtyard and were refurbished 2017 with further upgrades to come this January to add further to the high quality finish throughout. A big bonus is the good-sized store, that works brilliantly as a linen/extraneous items store - handy for turning round the apartments between bookings.
The property is freehold, but can be sold leasehold if required.
1 Minsters Reach
Sleeps up to 4 guests.
2 Minsters Reach
Sleeps up to 6 guests
3 Minsters Reach
Sleeps up to 4 guests
4 Minsters Reach
Sleeps up to 6 guests
Income
We are advised by the vendor that in the last year the gross annual income was in the region of £118,000.
The apartments continue to receive very strong feedback both online and in the visitor books.
The current owner employs a holiday let company to manage the properties as he lives away from York. However, a local owner could manage the properties themselves and avoid additional agency fees.
4 recently refurbished Freehold apartments, set within a walled courtyard, located just minutes' walk from the heart of the city.
The business has traded successfully for 5 years and is running currently and has an excellent website (www.minstersreach.co.uk) and is run through a local holiday let company. There are healthy bookings throughout the forth coming months, and repeat business is building (alongside excellent reviews).
As a commercial property, the apartments fall under business rates (not council tax) and benefit from a lower comparable Stamp Duty levy.
With use of quality sofa beds the apartments can accommodate up to 20 guests at one time - giving excellent flexibility for the owners to target their preferred groups.
Location
Located off Lord Mayors Walk, just a short walk from York Minster, York Theatre Royal and the multitude of shops, bars and cafes on offer. A perfect position for visitors to enjoy York from. Parking is available in Monk Bar car park that is on the door step of the development - perfect from unloading the luggage!
The Development
All 4 apartments are set within a private walled courtyard and were refurbished 2017 with further upgrades to come this January to add further to the high quality finish throughout. A big bonus is the good-sized store, that works brilliantly as a linen/extraneous items store - handy for turning round the apartments between bookings.
The property is freehold, but can be sold leasehold if required.
1 Minsters Reach
Sleeps up to 4 guests.
2 Minsters Reach
Sleeps up to 6 guests
3 Minsters Reach
Sleeps up to 4 guests
4 Minsters Reach
Sleeps up to 6 guests
Income
We are advised by the vendor that in the last year the gross annual income was in the region of £118,000.
The apartments continue to receive very strong feedback both online and in the visitor books.
The current owner employs a holiday let company to manage the properties as he lives away from York. However, a local owner could manage the properties themselves and avoid additional agency fees.
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