Land for sale

A rare and exciting opportunity to acquire an income
producing residential investment with detailed planning
consent to provided additional residential and commercial
accommodation.

The site is approximately 0.9 acres and currently has 23 flats located on the third and fourth floors of the property, all of which are let and producing a gross rental income of £119,000. Existing EPCs range between C and E rating and are available upon request.

In addition, the site benefits from a detailed planning consent for the conversion of the ground, first and second floors to provide a further 18 flats and 2 commercial units, which have the potential to provide an additional gross rental income of between £129,000 to £151,000.

It is also understood that there may be potential for another 8 flats, 2 duplexes and the development of the carpark to the rear, subject to obtaining the necessary planning consents.

All pre-start planning conditions have been discharged and demolition works to the squash court have commenced.

Planning Decision No 2019/0961/FULM, which was issued by Selby District Council on 24 June 2022. Further planning
information is available upon request.

Selby is a historic market town and civil parish located within North Yorkshire, with a population of 19,760 (UK Census 2021) and is located on the banks of the River Ouse. The town centre offers a wide variety of amenities including a number of local retailers, supermarkets, leisure activities, the historic Selby Abbey and multiple schools including Barlby High School, with a first-class sports academy and Selby High School, which specialises in science and the arts.

The A19 and A63 are located close by, providing convenient access to York, Leeds and Doncaster. The railway station is also conveniently located, providing access to Hull, York, Leeds, Doncaster, Edinburgh and London.

There is an abundance of sports and leisure facilities available, including Selby Leisure Centre, which offers a swimming pool, a gym, indoor climbing, ten pin bowling, and a skate park. Selby Park offers five acres of space in the heart of the town in which to relax and enjoy. Alternatively take a leisurely stroll along Selby Canal, which connects to the River Ouse, or head to the The Humber Estuary which is a haven for wildlife or Brayton and Barff Reservoir which is popular with dog walkers and runners.

Selby Town Hall is a performing arts centre with a reputation for providing high quality comedy, folk, theatre, blues, pop, rock and Americana touring artists.

A regular feature in the local calendar is the Selby Food Festival which is held every July and which includes cookery demonstrations, street performances and provides a wide range of entertainment for the whole family.