Rental Yield :Estimated rental yields up to 3.7%
Completion Date :Q1 2021
Deposit Interest :N/A
Tenure :250 years leasehold
Developer :Modernistiq Developments
We are pleased to offer this first phase of a stunning new build close to the centre of York and the popular bars and leisure facilities, but why York? There are many compelling reasons why you should consider York as a suitable investment location, 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 truly a landmark development, located in the Layerthorpe area and is Phase One of a two phase project. A stunning, sophisticated and stylish new build, perfect for both the residential market and for the booming short and long term let market which is big in York from both the corporate stays and leisure tourist/couple clients. On the very edge of the City where prices are affordable in comparison to the York City Centre market, this area is very much the place to be, with numerous developers and investors like Moda investing close by. Icona is located in a Highly connected part of York Centre, within 10 minutes reach of the citys major employment zones.
The development itself is 32 High Quality and specification 1 and 2 bedroom apartments with a roof terrace and many apartments with their own private terraces. They come with a 250 year flexible lease, and a 10yr build warranty.