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Rathmell Hall, Tanner Row, York1 bedroom Studio for sale

£65,000
Sold STC
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Main features

  • Student Studio Apartment
  • Investment Opportunity
  • Situated in the Heart of York
  • Close to the City Centre
  • CHAIN FREE
  • Lift to Upper Floors
  • There's a Fully Equipped Gym!
  • Communal Cinema Room with Surround Sound
  • Modern Interior
  • Great Social Student Scene (so we've been told)

About this property

Looking for a student Investment in York, or looking to secure student accommodation for your family member – get in touch!

DESCRIPTION ** The internal room photograph is a sample of the accommodation / kitchen facilities within the building NOT the actual student studio apartment **

Refurbished in 2017 to a very high specification, and offering all the facilities ‘discerning’ students have come to expect, Rathmell Hall is a popular accommodation choice for York students. Facilities include a FREE gym, cinema room, lounge and study room.

This studio is currently rented providing any investor with an instant income.

The studio is situated right in the heart of the historical city of York, its cosy, stylish and well connected, its about 5 minutes walking distance to the York Train Station, 10 minutes to York Minster. the University of York is 15 minutes by bike and busses run approximately every 10 minutes from right outside! York St John University can be reached by bike in approximately 6 minutes.

Rathmell Hall is STUDENT ACCOMODATION ONLY.

The deluxe studio comes with a quality fitted kitchen, with appliances including, combination microwave, oven, hob and extractor and an integrated fridge freezer. Amtico flooring, en-suite, blinds to all windows and fully fitted furniture to include bed with storage, wardrobe, desk and chair, bookshelves and sofa.

Shared facilities for students include a cinema room, gym, lounge and study rooms.

The student accommodation available is all bills included to the student tenant – however, all utility bills and service charge costs are deducted before rent is paid quarterly to investors.

Viewings can be arranged if so required, a minimum of 48 hours’ notice is required.

ABOUT THE INVESTMENT ** CASH PURCHASE ONLY **

Shared facilities for students include a cinema room, gym, lounge and study rooms.

The student accommodation available is all bills included to the student tenant – however, all utility bills and service charge costs are deducted before rent is paid quarterly to investors.

Viewings can be arranged if so required, a minimum of 48 hours’ notice is required.

Apartment size: 23.3 Mtr.sq

Situated on the second floor to the front – facing George Hudson Street

Service Charge for 2020/21 £1,195.04. (Awaiting 2022 info)

Management Fee: 10% plus VAT for the gross rent received

Tenant find fee of £300 inclusive of VAT.

Annual Ground rent £243.82.PA

– Current student is in on what tenancy and for how long ? – 51-week tenancy ending 10th September 2022 at £165pw. Tenant has rebooked, new tenancy starts 11th September 2022 for 45-weeks at £185pw.

Primo Property Management – the company that manages the building and deals with securing Tenants.

Tenant Find Fee £250 + VAT (£300)**

**This includes:
Marketing the property on various on-line portals (Accommodation for students and Primo website, plus administration of student referral scheme).
Responding to enquires from marketing, including:
Contacting prospective tenants and arranging viewings
Sending out application forms and providing further information on the property and facilities
Conducting viewings
Viewing follow ups
Dealing with all due diligence, including right to rent legislation, tenant/guarantor referencing, raising of legal contract and pursuing to sign up
Organisation of check in date and time, provision of prescribed information and EPC.
Registering the deposit with MyDeposit
Termly Inspections
Negotiations on tenancy renewal
Check, communication with My Deposits regarding release for the Deposit
Dealing with deposit disputes to achieve a resolution

Students are exempt from paying council tax.

One parking space is potentially available but NOT guaranteed (extra charge for this).

VIEWINGS We are required to give the current students in situ a minimum of 48 hours notice that access is required – a full tour of the investment student studio and the development as a whole will be given.