Spurriergate, York, North Yorkshire, YO1

A rare and lucrative opportunity to acquire a block of three self-contained two-bedroom flats arranged over three floors in the heart of York City Centre. Currently run as highly successful holiday lets, the property generates an impressive average gross annual income of approximately £142,000, highlighting its strong performance and exceptional year-round demand.Each apartment is well-presented with modern décor, practical layouts, fitted kitchens and bathrooms, and electric heating throughout, making them ideal for both short-stay guests and long-term tenants. The building is sold with planning permission already granted to convert the units to residential lets, offering remarkable flexibility for investors seeking either continued high-yield short-stay income or long-term residential rental security.Positioned in a vibrant, always-busy central location, this property offers consistent occupancy, outstanding rental potential, and a rare investment opportunity in one of the UK's most iconic and desirable historic cities. Each flat is fully self-contained and well-suited to both guest accommodation and permanent tenancies.The property further benefits from a new 999-year lease and peppercorn ground rent, ensuring long-term peace of mind with minimal ongoing costs.Key InformationLong Leasehold: 999 yearsGround Rent: PeppercornCurrent Operation: Successful holiday let businessPlanning Permission: Granted for conversion to residential tenancy useAverage Gross Annual Holiday Let Income: £142,000Location: Prime central YorkThis is a fantastic, high-yield investment with proven performance, long-term flexibility, and an unbeatable city centre location. Early viewing is strongly recommended.Anti-Money Laundering regulations: By law, we are required to conduct anti-money laundering checks on all potential buyers and sellers, and we take this responsibility very seriously. In line with HMRC guidelines, our trusted partner, Coadjute, will securely manage these checks on our behalf. Once an offer is accepted (subject to contract), Coadjute will send a secure link for you to complete the biometric checks electronically. A non-refundable fee of £45 + VAT per person will apply for these checks, and Coadjute will handle the payment for this service. These anti-money laundering checks must be completed before we can send the memorandum of sale to the solicitors to confirm the sale. Please contact the office if you have any questions in relation to this.