29 June 2015
Sale of Investment Property, York
Barry Crux & Company is pleased to announce completion of the sale of 1 Jubilee Terrace, an investment property with potential.
The property is located in the Leeman Road area of the city and has been within the same ownership for many years. The property currently provides a ground floor office, maisonette over ground and first floors and additional studio flat to the rear and has provided the vendors with a good level of income.
The property is now in need of repair and modernisation and offers the purchaser the potential to maximise the return on this investment.
The asking price of £150,000 attracted interest from local investors and developers and the property has ultimately been sold to local developer, Vincent Roberts of VR Property Developers & Lettings. Mr Roberts intends to renovate the property fully creating a commercial unit and flats. Once the renovation has been completed, the property will bring new life to this area.