Studio flat for sale

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Studio flat for sale

Rathmell Hall, 2-14 George Hudson St, York YO1 6LP
£70,000

Price History

Initial price £73,000
05/11/24 £70,000
Price Change -4.11%

Description

This tenanted investment opportunity in York is a cash buyer's dream, offering an instant income of £5,906.70 per annum, with a gross yield of 14.21% and a net yield of 8.44%. The property, Rathmell Hall, is a popular student development with high-end amenities such as a gym, cinema room, lounge, and study room, all located in the heart of York city center. The property is fully refurbished and managed by a reputable student accommodation management company, PRIMO Property Management, which promotes a sense of community among residents. With both the University of York and York St. John University within easy reach, this property is the perfect hub for students and investors alike. The financial breakdown is impressive, with a gross rent of £9,945.00, making it an attractive addition to any investor's portfolio.