No longer on the market
This property is no longer on the market
Floorplan
Map9 bedroom detached house
Chain-free
Study
Sold STC
Detached house
9 beds
8 baths
1162
EPC rating: C
Key information
Tenure: Freehold
Council tax: Ask agent
Broadband: Super-fast 37Mbps *
Mobile signal:
EEO2ThreeVodafone
Features and description
- Investment Opportunity
- 5 Holiday Cottages
- House & Bungalow
- Home Office with Residential Potential
- Double Garage Block
- Communal Gardens and Parking
- £65,000 Gross Turnover
- Well Maintained Accommodiation
- Huge Post-Covid potential
- No Onward Chain
* FOR SALE AS A GOING CONCERN *
An rare investment opportunity situated on the edge of Dunnington comprising a number of rental and holiday cottage units with huge potential post Covid to improve the annual turnover.
Foreword - An outstanding opportunity for property investors to acquire Primrose Lodge which has been separated and developed over many years, creating a substantial yearly turnover with huge potential post Covid for rental improvement. The property is currently separated into seven lettable units including an owner-occupied office.
The property is perfectly set up for holiday accommodation although at present with Covid restrictions the properties are let on monthly rental agreements. As at April 2024 the annual turnover is £83,000 gross and it is the opinion of the writer that there is potential for this to be improved further.
House - The accommodation within the house includes three bedrooms and is currently let on an assured shorthold tenancy with a passing rent of £2,025 per calendar month inclusive of all bills.
The Bungalow - The Bungalow offers two bedroom living accommodation and is currently let on an assured shorthold tenancy with a passing rent of £1,115 per calendar month inclusive of bills.
Room 1 - Room One is a studio flat currently let on a monthly agreement with a passing rent of £840 inclusive of bills.
Room 2 & 3 - Units 2 and 3 are combined under a single tenancy with a passing rent of £995 per calendar month inclusive of bills.
Room 4 - Unit 4 is a one bedroom holiday cottage, currently let on a monthly rent of £995 per calendar month inclusive of bills.
Room 5 - Room 5 is a one bedroom holiday cottage, currently let for £995 per calendar month inclusive of bills.
Office - The vendors of this property currently occupy a ground floor self-contained unit which has potential to be converted into a one or two bedroom holiday cottage.
To The Outside - The property is situated directly off Hull Road on the edge of Dunnington, offering quick and easy access to the both the city centre of York and as well as the A64 York to Leeds Road. There is a charming front lawned garden which has been meticulously maintained and presented.
There is off street parking for numerous motor vehicles in addition to a detached double garage block again offering an opportunity for a monthly or yearly income.
There is hardstanding and communal gardens giving the tenants the opportunity for outside relaxation and entertaining and this opportunity is being offered for sale with no onward sale.
Agents Note - Further details of the outgoings and individual tenancy agreements are available via request from the selling agent.
An rare investment opportunity situated on the edge of Dunnington comprising a number of rental and holiday cottage units with huge potential post Covid to improve the annual turnover.
Foreword - An outstanding opportunity for property investors to acquire Primrose Lodge which has been separated and developed over many years, creating a substantial yearly turnover with huge potential post Covid for rental improvement. The property is currently separated into seven lettable units including an owner-occupied office.
The property is perfectly set up for holiday accommodation although at present with Covid restrictions the properties are let on monthly rental agreements. As at April 2024 the annual turnover is £83,000 gross and it is the opinion of the writer that there is potential for this to be improved further.
House - The accommodation within the house includes three bedrooms and is currently let on an assured shorthold tenancy with a passing rent of £2,025 per calendar month inclusive of all bills.
The Bungalow - The Bungalow offers two bedroom living accommodation and is currently let on an assured shorthold tenancy with a passing rent of £1,115 per calendar month inclusive of bills.
Room 1 - Room One is a studio flat currently let on a monthly agreement with a passing rent of £840 inclusive of bills.
Room 2 & 3 - Units 2 and 3 are combined under a single tenancy with a passing rent of £995 per calendar month inclusive of bills.
Room 4 - Unit 4 is a one bedroom holiday cottage, currently let on a monthly rent of £995 per calendar month inclusive of bills.
Room 5 - Room 5 is a one bedroom holiday cottage, currently let for £995 per calendar month inclusive of bills.
Office - The vendors of this property currently occupy a ground floor self-contained unit which has potential to be converted into a one or two bedroom holiday cottage.
To The Outside - The property is situated directly off Hull Road on the edge of Dunnington, offering quick and easy access to the both the city centre of York and as well as the A64 York to Leeds Road. There is a charming front lawned garden which has been meticulously maintained and presented.
There is off street parking for numerous motor vehicles in addition to a detached double garage block again offering an opportunity for a monthly or yearly income.
There is hardstanding and communal gardens giving the tenants the opportunity for outside relaxation and entertaining and this opportunity is being offered for sale with no onward sale.
Agents Note - Further details of the outgoings and individual tenancy agreements are available via request from the selling agent.
Property information from this agent
About this agent
We are proud to be North Yorkshire’s largest independent estate agent. Established in 1871, our knowledge and experience of the local land and property market remains unrivalled in the 21st century. We combine the traditional values of honesty, trustworthiness and unmatched customer service with a dynamic, progressive and flexible approach to modern day market conditions. A superior service at a competitive price Our expertise and professionalism, built up over many decades, ensures you can be confident you are in safe and reputable hands. As a long-established business with a reputation for integrity and excellence, our priority is always to get the best possible deal for our clients – not the fastest or easiest deal for us. We provide a friendly and approachable service, and aim to work in partnership with our clients. You’ll benefit from the best advice of qualified professionals at all times and will be kept informed at every stage of your transaction. This superior service is offered at a very competitive price, so you get the best of both worlds – the dedicated services of independent qualified property experts at an excellent value-for-money price. Choose the professionals When it comes to land and property, we know what we’re talking about. From selling a first-time buyer’s apartment or a top-end country residence, through to managing your property portfolio, our team of qualified professionals will offer a level of service and professional expertise that is unquestionably second to none. Just sit back, and leave everything to us. Maximising your profits maximises our pride in a job well done. Strong regional coverage We have ten offices throughout the region, including York, Knaresborough, Easingwold, Selby, Boroughbridge, Malton, Helmsley, Pickering and Kirbymoorside, which are staffed by a superb team of chartered surveyors, estate agents, auctioneers and qualified valuers. We provide specialist advice and guidance on all aspects of buying, selling and letting, including expert surveys and valuations. Our specialisms include: Town and city homes Countryside and village properties Commercial property Agricultural property Land consultancy New developments Letting management services