45 bed detached house for sale

Mcquades Court, City Centre, York YO1

McQuades Court is a substantial freehold block of apartments, occupying a prime city centre position with a number of apartments enjoying balconies overlooking York’s historic city walls. This is a rare opportunity to acquire a high quality, income producing residential investment within one of the UK’s most resilient and supply constrained rental markets.

The building comprises 28 self contained apartments, arranged as 17 two bedroom apartments and 11 one bedroom apartments. The majority are let on assured shorthold tenancies and professionally managed by Ashtons Lettings, with three apartments operated successfully as holiday lets by Stays York, providing a blended and well diversified income stream.

The current gross income is approximately £389,940 per annum, with established management in place and a proven track record of consistent occupancy. The property is fully let and offers immediate income from completion.

Several apartments benefit from private balconies with attractive outlooks towards the city walls, an increasingly sought after feature for central York living. Externally, the development also includes seven allocated parking spaces, adding further value and appeal in this central location.

McQuades Court is ideally situated for the city centre, railway station and York’s key employment, retail and leisure amenities, ensuring strong ongoing demand from both long term tenants and short stay visitors.

This freehold block represents a rare opportunity to acquire scale, income and long term capital growth in a prime York location, with future asset management potential.

Further details, income schedules and viewing arrangements are available through Ashtons.

Anti-Money Laundering Compliance

We are legally required to conduct Anti Money Laundering checks on all purchasers and sellers. These checks become mandatory when a seller accepts a purchaser's offer on a property. Anti-Money Laundering checks are valid for 6 months from the date they are completed. If your purchase does not proceed and you make an offer on another property more than 6 months later, or if your checks are more than 6 months old when making a new offer, you will need to complete and pay for new checks. We use a partner supplier MoveButler, to carry out these checks on our behalf. They will contact you directly once your offer has been accepted (subject to contract) to complete the electronic verification process securely. There is a non-refundable charge of £30 + VAT per purchaser for these checks. This fee must be paid before we can issue a memorandum of sale to solicitors and is non-refundable under any circumstances. Ashtons receive a portion of this fee from Movebutler as compensation for facilitating these checks and our administrative role in the compliance process.