Buy to Let Property

Gasworks - York Buy to Let Investment

From: £199,950
Usually strong demand from tourists
7% rental returns contracted for 2 years
Onsite gym
Studios, one, two and three bedroom apartments and duplex apartments available
Edible garden
Cycle Club
Deli / Coffee Shop
Private dining spaces
Car Club
24-hour security
Gated parking

York's most prominent residential development featuring 215 apartments furnished to the highest specification


Gasworks not only provides living spaces, but offers a plethora of other facilities to really nurture a sense of community and wellbeing. From on-site fitness studios to flexible work spaces to cycle clubs, there is something for every resident to enjoy, bringing a completely new way of living to the city of York.

Gasworks will also be available for short-term lets. It's understandable that these facilities will be attractive to tourists, as it will almost be a "home away from home". The developer feels so strongly about the demand that he is offering a 7% contracted rental return for 2 years on all studios, 1 and 2 beds.

Key Figures

£199,950
Starting Price

7%
Net Yield

Q1 2022
Completion Date

Investment Details

Gasworks is an iconic new buy to let residential development in the city of York. It features studios, one, two, and three-bedroom apartments and duplex apartments.

Gasworks sets the precendent for a new standard of luxury living in York. Whilst each apartment is furnished to the highest specification, luxury is not only confined to living spaces.

Gasworks aims to really create a sense of community and features an on-site coffee shop so residents can grab a cup of coffee with friends or before they go to work. There is also a large open green space that residents and visitors can enjoy in good weather and an edible garden so residents can grow their own organic produce.

The developers of Gasworks have recognised that home working will become more commonplace, and flexible office spaces will be provided for those who want to work away from their apartment. Meditation spaces will also be available for those who want to take time out of their busy schedules.

Not only will Gasworks nourish the mind, but it will also nurture the body. Fitness studios, a gym and personal trainers are all on-site for residents who lead active lifestyles.

As well as offering facilities to keep you fit and healthy, and flexible work spaces to allow you to work from home, Gasworks also cares about your security. York is one of the safest cities in the UK, but extra measures have been put in place, such as gated parking and 24-hour security. Your safety will be paramount.

The Numbers

Ground Rent:£250 per annum

Number of Units:215

Service Charge:£2.67 per sq ft per annum

Prices:Studios from £199,950. One bedroom apartments: £265,000. Two bedroom apartments from: £390,000. Three bedroom apartments from: £565,000.

Leasehold:250

York Hospital
York Station
Clifford's Tower York
Coppergate Shopping Centre
  • Full range high quality German kitchen units
  • Siemens appliances
  • Wine cooler
  • Sanitary wares by Abacas
  • Mira Flight safe anti-slip shower
  • LED lighting throughout
  • Fire protection sprinkler system
  • Lifts in each block
  • Broadband / TV / Satellite system
  • Daytime concierge
  • Security controlled entrance doors with video link to each apartment
  • Postal delivery service and drop point
  • Electric car charging points
  • Parking available upon application
  • Cycle stores
  • Membership of on-site leisure facilities
  • Gated pedestrian and vehicle access

Reservation fee: £2000 Exchange deposit: 20% (less reservation fee) Completion: 80%

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