Studio for sale in Navigation Road, York, North Yorkshire YO1

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.

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