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61 Rathmell Hall1 bedroom Studio for sale

£79,950
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Main features

  • INVESTMENT OPPORTUNITY
  • Student Accommodation
  • Student in Situ at Present
  • Forms Part Of An Iconic Building
  • Studio (Deluxe) Type
  • Self Contained
  • Luxury En-suite Shower Room
  • Modern Fitted Kitchen
  • Work Station/Study Area
  • On -Site Management

About this property

Superb STUDENT Investment Opportunity – Rathmell Hall on Tanner Row, York is a popular city centre accommodation choice for York students. Facilities include a FREE gym, cinema room, lounge and study room. Minster views from this popular room!

DESCRIPTION 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.

GENERAL INFORMATION 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.

The current tenant students’ contract is due to end 11.09.2021.

FINANCIAL BREAKDOWN Let on a 35 WEEK contract at £155 per week

Gross Rental: £7905

*Service charge: £1,281.46 p/a

Ground Rent: £200 p/a

Lettings Fee: 8% + VAT (£758.88)

NET Rent £4846.12

6.2% NET Yield

*Please note these figures are an estimate as provided by the vendor and Management Company.

Brochure

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