4 Bed Flat For Sale Holgate Park Drive, York, YO26

Attention: Investors!\r
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Due for completion in July, we are delighted to offer these four one bedroom apartments. Each apartment comprises open plan kitchen, dining and living space, double bedroom, shower room and utilities cupboard. The apartments are located on the ground floor of the building and benefit from a private entrance to the four apartments. \r
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The properties are being offered on a leasehold tenure, with a new 250 year term. The service charge is £1,000 per annum per apartment and there is no ground rent payable. Payment terms are 20% on exchange of contracts, with the balance due on completion though simultaneous exchange and completion which will be feasible with the build completion date nearly upon us.\r
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There are many benefits to purchasing a brand new property as an investor with one of the key benefits being the low ongoing maintenance costs which lead to a higher and more consistent cashflow.\r
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Gateway 2 was originally built as offices, however, the developer, Helmsley Group, had the vision to develop the building into much needed residential apartments and working with Artium Group, the head contractor have done so adhering to the current, very stringent building regulations particularly those set out for green, sound and fire standards.\r
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Each apartment has an allocated parking space, a huge benefit as most city centre apartment do not come with parking and are paid for as an extra at a cost of around £25,000 per space. In addition, for our investor clients, 'Serviced Accommodation' units in the city rarely have on site parking which makes this investment opportunity so appealing and valuable! In our experience lots of guests that visit York travel in cars and being able to offer on site parking will set your property apart from competitors.\r
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The properties are currently being converted and built with an expected completion date of July 2024. \r
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To receive a copy of the comprehensive brochure please register on our buyers database - visit our website to complete the buyers registration form.\r
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Buyers premium of 1.6% + VAT - payable in two parts:\r
- A non-refundable reservation fee of £1,500 plus VAT; or 25% + VAT (whichever is greater)\r
- The balance is due upon legal completion (which is collected and paid by the buyer's solicitor)