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Almost all the flats in a large York development have now sold

Thu 8 Jun

Inside the living room of a Hudson Quarter flat. Photograph: YorkMix

Thu 8 Jun 2023  @ 5:04pm
YorkMix
News, Property

The vast majority of flats in a large development in York have now been sold.

Altogether 109 of the 127 apartments at the Hudson Quarter – or 85% – have been snapped up, and there’s ‘interest in the remainder’.

Owned by Palace Capital plc and completed in 2021, the complex is built on the site of York’s first permanent railway station within the city walls.

It comes with a landscaped courtyard and also includes 40,000 sq ft of offices.

The remaining apartments range from two-beds from £395,000 up to £795,000 for three-bedroom penthouses with impressive views of York.

Daniel Davies, head of asset management at Palace Capital plc, said: “The successful development of Hudson Quarter has transformed this site from an outdated and largely vacant office building into a new community where people are living and working, set in a stunning environment.

An aerial view of the Hudson Quarter (foreground) with the Minster behind. Photograph: Submitted

“We are really pleased with the progress of the sales of the apartments thanks to the great efforts of our agents at Hudson Moody, the vibrant community that Hudson Quarter has now become.

“With the strong rental market in York, we expect the remaining apartments to go to investors as well as owner occupiers.”

Some of the flats have been bought as holiday lets. Holiday company The Cosy Collection now manages seven apartments in the development.

It said: “All have been a success but, over the years, our occupancy and let income levels at Hudson Quarter have been best in class. We can’t recommend a better investment.”

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