£65,000
Studio for sale
51 Tanner Row, York YO1Leasehold
1 bath
Key information
Tenure
Leasehold (243 years)
Service charge
£2,206 per year
Council tax band
Student Accommodation
Ground rent
£244
Ground rent date of next review
Naish Estate Agents & Solicitors
About this property
Investment opportunity
City Centre Location
Fully Managed
Communal Facilities, Gym/Cinema etc
Chain free
Walking Distance of the Train Stn
Car Parking Space Optional For the Student
Period Building
Investment opportunity providing upto 14% annual yield!
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 2023/24 £2205.78
Management Fee Inclusive Of Vat £764.56
Tenant Find Fee Of £300 Inclusive Of Vat.
Sinking Fund Contribution Of £100 Per Annum.
Annual Ground Rent £243.82.
The tenancy for September 2024 to July 2025 is 48-weeks at £175, total contract value is £8,400.
Management-
Primo Property Management – the company that manages the building and deals with securing Tenants.
Tenant Find Fee £250 + Vat (£300)**
This Includes:
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
Conducting Viewings
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
Termly Inspections
Negotiations On Tenancy Renewal
Check, communication with My Deposits regarding release for the Deposit
Dealing with Deposit disputes to achieve a resolution
** Annual Charge
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More information
Listed by
Naish Estate Agents & Solicitors