RSS Feed

Related Articles

Related Categories

New student property investment opportunity in York - Rathmell Hall

29th February 2016 Print

The student rental accommodation sector is quickly gathering momentum and is now seen as one of the most popular and fastest growing sectors in which to invest. The yields are high as is the demand which means finding a tenant, providing the property is in the correct location, should be simple.

Investors are constantly looking for the next opportunity which is why Rathmell Hall, York is an opportunity that should not be missed. This is a new development that comes with everything an investor and a student would ever want. The development is around 14,000 sqf and consists of 63 studio apartments, all of which consist of absolute luxury. Students are given the opportunity to integrate with each other thanks to the communal areas and this ensures that they get the most from their time at university and the time they spend in their accommodation. 

For those students looking to study in York, Rathmell Hall has it all. Tenants are guaranteed to benefit from living quarters that are comfortable and modern but they can benefit from amenities such as a common room, laundry room and a gymnasium that comes fully equipped. 

When it comes to location, Rathmell Hall is absolutely perfect. Situated on George Hudson Street, it is within touching distance of the city centre. Nearby, students will have access to an abundance of shops, restaurant and bars as well as cafes that they can use all day every day. Importantly, transport links are close with train stations and bus stations enabling students to travel to nearby cities as well as to and from university. Getting around is as simple as ever. York train station is 0.3 mile away, the Coppergate Shopping Centre is 0.4 miles away and York St. John University and the University of York are 0.7 and 1.6 miles away respectively.

From an investor’s perspective, Rathmell Hall has a lot to offer. Of course, when it comes to students, they want the very best in location and Rathmell Hall offers this thanks to its close proximity to the city centre. There are universities within walking distance and crucially there is a 7% net rental. Investors can take a hands-off approach to this investment as a management company is in place to deal with the day to day running. These studio apartments come fully furnished and have excellent communal areas offering everything a student could ever want which in turn benefits investors.  

Purchasing one of these student accommodation investments is simple and reserving a unit only requires a small reservation fee. It is then a case of instructing your solicitor to act on your behalf so you can receive the legal documents and sale pack. Once contracts have been exchanged, within 21 days, 50% of the purchase price has to be paid and once completion take place the remaining balance has to be paid.

Rathmell Hall offers investors a fantastic opportunity to take advantage of student accommodation that is located in a prime area.