Icona in the Layerthorpe district of the City Centre is Phase One of a two phase project that is a stunning new build which is perfect for both the residential market and for the booming short and long term let market. The area is very similar to the likes of Ancoats in Manchester and Digbeth, Birmingham, considered an up and coming area, on the very edge of the City where prices are affordable in comparison to the York City Centre market. This location is very much the place to be with a lot of major developers and investors like Moda investing in the area. Alongside being frequently ranked as one of the best places to live in the UK, York is also the second largest tourist destination attracting over 7 million visitors a year from the UK and Overseas.
Icona is located in a highly connected part of York Centre, within 10 minutes reach of the citys major employment zones and under 10 minutes walk to the popular bars, restaurants and leisure offerings. It is made up of 32 high quality 1 & 2 bedroom apartments with a roof terrace and many apartments benefiting from their own private terraces. With prices starting from £255,000 it allows investors the flexibility to invest into this very popular area. It is important to note that the lease is flexible and doe allow short term lets, which provides increased yields dependent on the occupancy levels (please ask for more information on our corporate short term let model). Phase 2 of the development will have a Gym and Concierge. Good capital appreciation potential.
The flexible lease allows investors to let their apartment out as a short term let and maximise returns, and potentially increase the NET yields to over 7% (ask for details)
Marc Black of Modernistiq developments – a very experienced developer based in Leeds with a huge portfolio
York is a great place to invest, for more information on York as an investment area please visit our York Location Guide page here.
**The provision of lender finance for your purchase is dependant upon individual circumstances and cannot be guaranteed. We advise you to obtain independent financial advice before entering into an agreement upon which you will be relying upon lender finance. Any decision to proceed with lender finance is your decision only. If lender finance cannot be obtained you will be required to complete on your purchase in any event. Residential Estates are not regulated by the FSA, nor are they a finance company and cannot be held liable for any purchaser being unable to obtain mortgage monies for their purchase.
View more of our buy to let investments here.
|Designed with Natural Light in Mind.|
|Contemporary Kitchen Units|
|State of the Art Appliances,|
|Italian porcelain tiles in bathrooms|
|Flexible Lease, allowing Short Term Lets|