€ 82,391 | USD $ 90,185
New Build - Key Ready
Advert last updated: 5/24/2016
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The development itself is approximately 14,000sqft and comprises a total of 63 units in the form of chic studio apartments, which are available as classic, premium, deluxe and deluxe+ investment options. All units come fully furnished with en-suite bathroom, a high quality fitted kitchen in a contemporary style, and benefits from a strong high speed broadband connection.
Rathmell Hall is the ideal student accommodation for the students of York – not only does it offer its tenants luxury living quarters, but also on-site communal amenities to allow its student residents to get to know each other. These facilities include the likes of a common room, a laundry room and a fully equipped gymnasium.
Rathmell Hall - York
As it regularly ranks as one of the top 10 universities in the UK, within the top 20 universities in Europe and 114th in the entire world, The University of York attracts overseas students from over 120 countries around the globe. In terms of its market potential for student property, York has a growing and inviting market. According to Savills, the University of York has seen a growth of 1.5% international and 2% domestic students. Savills categorises York in the upper second division in its rankings of potential student accommodation markets, based on UCAS applications, student numbers, university rankings and affordability.
Rathmell Hall - Unit Prices
CLASSIC STUDIO APARTMENTS FROM : £69,950
SUPERIOR STUDIO APARTMENTS FROM : £74,950
DELUXE STUDIO APARTMENTS FROM : £76,950
DELUXE+ STUDIO APARTMENTS FROM : £79,950
Rathmell Hall - Frequently Asked Questions
Am I buying as freehold or leasehold?
250 years leasehold
What is the address of the site?
Tanner Row/George Hudson St, York, YO1 6JB
Are there tenants already in place?
No, Rathmell Hall is a conversion project
How much is the ground rent?
Ground rent is £175 per annum
What are the projected annual returns on this project?
Projected NET returns of circa 7%
Is there a management company in place?
Yes, the designated management company will be Primo Property Management, who will let and block manage the building
Are there any restrictions if I want to sell?
Rathmell Hall is a student development so the apartment must be sold as student accommodation
Rathmell Hall - Reservation and Purchase Process
1. Speak to your designated property consultant
2. Choose your perfect apartment and pay the deposit
3. Both sets of solicitors are instructed and the legal documents and sales pack are sent out to you
4. 50% of the balance (less the deposit) is payable within 21 days on exchange of contracts
5. Remaining balance (50%) due upon completion of the development