Studio flat for sale

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Studio flat for sale

51 Tanner Row, York, YO1
£65,000

Our Summary

  • INVESTMENT OPPORTUNITY PROVIDING UPTO 14% ANNUAL YIELD

Description

This is an investment opportunity offering an annual yield of up to 14%. The property is a student accommodation with all bills included for the tenant, and the investor pays quarterly for utility bills and service charges. The property management company, Primo Property Management, handles tenant find fees, marketing, viewings, and all administrative tasks, including referencing, contract signing, and deposit registration. The annual costs include a service charge, management fee, tenant find fee, sinking fund contribution, and ground rent, totaling £4,314.54. The tenancy for September 2024 to July 2025 is 48 weeks at £175 per week, with a total contract value of £8,400.
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