Studio for sale
Key information
Property description & features
- Tenure: Leasehold (243 years remaining)
- 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
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 -
Property information from this agent
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Property reference 33388055. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Naish Estate Agents - York.
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Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on February 1, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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