About this property
** UNDER OFFER **
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.
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.
FINANCIALS Service Charge for 2020/21 £1,598.70.
Management Fee inclusive of VAT £812.26.
Tenant find fee of £300 inclusive of VAT.
Annual Ground rent £200.
The tenancy for September 2021 to July 2022 is 45-weeks at £150, total contract value is £6,750.
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