£70,000
(£306/sq. ft)
Studio for saleRathmell Hall, George Hudson Street, York YO1
1 bath
1 reception
229 sq. ft
- Leasehold
Naish Estate Agents & Solicitors
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About this property
Investment Opportunity
7.9% Yield
Fully Managed by Primo Property Management
Studio Apartment
In the heart of York City Centre
Cinema/Gym/Laundry Facilities
Tenanted Investment Opportunity in York! Popular student development with excellent on-site amenities including gym and cinema room.
Completely refurbished to a very high specification in 2015 and offering all the facilities a student could need, Rathmell Hall is a popular accommodation choice for York students as it is ideally located in the heart of York town centre with array of shops, bars, restaurants and amenities.
Facilities include a free gym, cinema room, lounge and study room; all great spaces to enjoy the university experience. All bills & services are included in the rental price, making it an attractive hassle-free rental for both student & investor.
The Rathmell Hall 'residential experience' is enhanced by an anuk accredited student accommodation management company - primo Property Management - whose procedures and systems further promote a sense of community among residents.
Furthermore, both of the city's famous higher-education institutions - the University of York and York St. John University - are easily reachable from Rathmell Hall, either by foot or using the city's public transport network.
Financial Breakdown
Gross Rent: £10,195.68
Net income: £5,532.76
Gross yield: 14.56%
Net yield: 7.9%
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More information
Tenure
Leasehold (242 years)
Service charge
£2,687 per year
Council tax band
Student accomodation
Ground rent
£291
Ground rent date of next review