Picture No. 03

1 bed Flat For Sale £295,000
Haxby Road, York, YO31


Description
Apartment A514 is a brand new fifth floor, one bedroom apartment with views towards the city centre. This apartment was one of the first units to be reserved and is now being offered as a contract reassignment.

Apartment A514 starts with a generous private entrance that opens out into the main living / kitchen area. The kitchen will be fitted with high quality wall and base units in the light coloured option along with a selection of Bosch appliances. The living area will be bright and airy thanks to an array of large windows that provide a dual aspect looking south. The internal accommodation continues with a very good sized double bedroom, a good sized bathroom and useful utility cupboard.

Apartment A514 also comes with the benefit of having an allocated car parking space.

The Cocoa Works is the conversion of the former Rowntree chocolate factory and is well-placed to access the city centre, the outer ring road and local amenities. Currently under development and expected to be completed in 2023, the superb building will have generous communal gardens and wonderful character features.

The development will also boast the advantages of a concierge team and long term a community shop and cafe will be introduced.

The property would make an excellent home close to the city, but would also make an excellent investment opportunity. For details on potential rental income, please contact the office.

Council tax band is to be confirmed.

The Cocoa Works is a leasehold development. The lease length for the apartment will be 999 years from completion of the property. The service charges will be £2.66 - £3.05 per square foot, per annum. These can be paid either quarterly or annually and will be reviewed annually against the retail price index. These prices will be reviewed before completion.

The annual ground rent* will be £100 for studio and one bedroom apartments, £150 for two bedroom apartments and £200 for three bedroom apartments. The ground rent will increase by the original amount every 25 years.

*Due to the leasehold reform (ground rent) act 2022 we anticipate there will no longer be a ground rent charge.


Follow the link for more information:
        
onthemarket.com

  
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