- 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
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.
Lease 250 years from 2015
FINANCIAL BREAKDOWN The room is student accommodation only and is all bills included.
All utility bills and service charge costs are deducted before rent is paid quarterly to investors.
Management fee for 2020/2021 was £1,105.90 including VAT.
Service charge including all utilities was £1,520.19.
Ground rent is £200.00.
For room 61:
£175 per week
MANAGEMENT COMPANY INFO Primo Property Management – the company that manages the building and deals with securing Tenants.
Tenant Find Fee £250 + VAT (£300)**
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
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
Negotiations on tenancy Renewal
Check, communication with My Deposits regarding release for the Deposit
Dealing with Deposit disputes to achieve a resolution
** Annual charge
I am writing to Thank you all at Naish Estate Agents for handling the sale of my mothers house. Your team were diligent, helpful, professional and we were also very happy with the service which you provided. There were difficult circumstances regarding the sale but your team helped us reach the conclusion which we needed. We would highly recommend Naish to any potential clients and Thankyou for your serviceMr J A
Thank you all so much for the support and commitment you gave to selling our house and completing the sale, we truly appreciate it. We are loving our new home and Copmanthorpe (We are already becoming well known in the village). We will keep in touch and let you know how we are getting on.H, D, G & C MB
Thank you to the entire Naish Team, we couldn't have held it all together if it wasn't for your help and assistance.Mr and Mrs L
We chose Naish to market our property because they offered a comprehensive service both selling and conveyancing.
Throughout the process they demonstrated a truly professional approach and the sale was completed with minimal fuss.
We would highly recommended Naish to anyone looking to sell their property in the York area.Mr & Mrs C
My property had been on the market for over three years. Multiple estate agents had been used. Very few viewings had been arranged. I started to wonder what was wrong with the house, as all agents said how nice it was. I then engaged with Naish Estate Agency, who immediately pointed out a number of simple changes to make. Within days I’d had more viewings than there had been in the previous three years. Within 5 weeks of using Naish, we had an offer, close to the asking price, which was accepted. What a big relief. I can’t recommend Naish enough, especially if a sale is ‘stuck’.Mr S
3 Viewings, after a week of marketing, Sale Agreed over the asking price - Brilliant professional service. Thank you.Mr D
I simply wanted to express my thanks to you and the team in bringing the sale to completion and the purchase to a satisfactory end.
All of you were truly professional, efficient, polite and patient!!!!!
Your co-ordination and attention to detail are to be admired.
Many thanks with good wishes for the future success and prosperity of the business.Mr A
Very professional service, helpful and courteous!Mr M
We were always very happy with our dealings with Naish in the letting out of our property in York. We always had an extremely good service; professional, informative and friendly, in looking after my late father's house. Naish provided the family with exceptional service and often went above and beyond to help my father in managing the property. The Team were always easy to get hold of, dealt with any issues promptly and so it was always hassle-free! I cannot recommend Naish and the team enough and would have absolutely no hesitation in using them again!S S
I chose to use Naish for their full management service for my property. They communicated with me regularly so I was always up to date with any issues and also arranged for any workmen to attend the property when required. Overall I am very satisfied with the service they provided for me, especially SF who was always a delight to talk to. When it came to selling my property, Naish were the obvious choice to manage the sale as well. The team kept me updated during the whole processMr DLT
We recommend Naish Letting to anyone wishing to rent out their property. SF is very experienced and has successfully managed our property for over 10 years, being helpful to both tenants and ourselves alike. Her tact and patience in sorting out any issues has been invaluable and we are grateful for the peace of mind she has given us over the letting process.L&M Smith
Dear Naish, Heartfelt thanks for all your efforts and sympathetic support in the sale of our property. You have turned what had been a stressful period for me into the happiest of outcomes! Every time I've met and spoken to the new owner, the more sure I am that she's the "right" person. Thank you all most sincerely. God bless you and the work you do so well.A B
Thankyou for all your help with the sale of our house. Your initial advice on the first visit was spot on and definitely improved the state of our house! When we came to finally sell you were so efficient with marketing the property.
Hopefully we will never need your services again but I'd definitely recommend you.
Just a note to say thankyou to you and your team with regards to the sale of our property. It is ten years since we last moved and we knew from previous experience how important the right choice of estate agent was.
We had a number of valuations carried out by various agents and needed to decide which agent we trusted to deliver the highest price in the minimum time, with the least stress at a reasonable cost.
Following your initial visit we decided we trusted Naish to carryout the sale. This proved to be the right decision as the house sold, subject to contract in just over three weeks at a price we were happy with. Naish also carried out all the viewings and we were kept informed all the way through the process.
The conveyancing for the sale being carried out in-house and included in the cost was also a benefit and proved very straightforward.