Bootham Terrace, off Bootham, York

Property Details: - Type: Apartment - Bedrooms: 1 - Bathrooms: 1

Agent: Stephensons - York Phone: 01904 595673

Situated just moments from York’s historic city walls, this stylish ground floor apartment offers a rare and fully established holiday let opportunity in one of the UK’s most visited cities. Having traded successfully as a short-term let since 2019, the property benefitted from a comprehensive refurbishment that year and has been carefully maintained ever since, providing high-quality, ready-to-go accommodation ideal for the thriving holiday rental market.<br/><br/>The apartment features a generous open-plan living area with clearly defined sitting, dining and kitchen zones, a well-proportioned double bedroom, and a sleek, modern shower room. Its layout and finish have consistently appealed to guests, offering both comfort and convenience in a highly desirable central location. The property also benefits from particularly easy access from the street, with just a couple of shallow steps leading directly from on-street parking to the front door — a small but meaningful detail that enhances the overall guest experience.<br/><br/>Supporting its strong investment credentials, the business has demonstrated impressive consistency over the past six years, with average occupancy levels of around 62%, including during the Covid period. Gross income has reached in excess of £30,000 in the best-performing years, with net returns typically ranging between £13,000 and £16,000 — reflecting sustained demand for high-quality holiday accommodation in this sought-after part of the city.<br/><br/>Guests benefit from excellent transport links, with York Railway Station accessible in under ten minutes on foot via the newly refurbished Scarborough Bridge. The apartment is also granted a paper parking permit for guest use, a valuable asset in such a central location. Additional practical features include shared use of a linen cupboard in the basement — a useful facility for managing changeovers efficiently.<br/><br/>Ideally positioned less than 0.5 km from Bootham Bar and only 0.8 km from the iconic York Minster, the property offers outstanding access to the city’s historic centre. With award-winning restaurants, boutique shops, museums and cultural attractions all within walking distance, the apartment appeals strongly to both leisure and business travellers.<br/><br/>This is a compelling opportunity to acquire a proven, income-generating holiday let in one of the UK’s most dependable and in-demand visitor destinations — offering not just immediate returns, but excellent potential for future growth.<br/><br/>Lease Details:<br/>Lease Length : 243 years<br/>Service Charge : £1929 per annum – Reviewed annually.<br/>Ground Rent : £0 per annum.<br/>Management Company : Adair Paxton.<br/><br/>