Property Listing Details

Property details

Description

23 Bedroom | Freehold Instant income, with great potential to develop the site further! 23 existing flats, with detailed planning for 18 more flats and 2 commercial units! 23 Existing Income-Producing Flats: Currently generating a gross rental income of £128,280 from fully let third and fourth-floor apartments. Detailed Planning Consent: Approved for an additional 18 residential flats and 2 commercial units on the ground, first, and second floors, with potential additional gross rental income of circa £150,000. Pre-Start Conditions Met: All pre-start planning conditions discharged. Future Development Potential: Possibility for another 8 flats, 2 duplexes, and car park development, subject to planning consent Planning Decision: No 2019/0961/FULM, issued by Selby District Council on 24 June 2022. Further planning information is available upon request. Selby Overview: Selby is a historic market town in North Yorkshire with a population of 19,760 (UK Census 2021). It offers a variety of amenities, including local retailers, supermarkets, leisure activities, and the historic Selby Abbey. The town is well-connected via the A19 and A63, providing access to York, Leeds, and Doncaster, and has a railway station with routes to major cities. Leisure and Amenities: Selby boasts numerous sports and leisure facilities, including Selby Leisure Centre, Selby Park, and scenic walks along Selby Canal and The Humber Estuary. The town also features Selby Town Hall, a renowned performing arts centre. This is a rare and exciting opportunity to acquire a high-yielding residential investment with significant expansion potential.

The Agent

Price history

15-Jan-2025 £1,750,000 First listed

Want an expert valuation of your home?

Book an agent valuation
Property descriptions and related information displayed on this page are marketing materials provided by the agent. TheSimplyHomes does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact the agent for full details and further information.