Studio Flat for sale: Sheffield

Key Features

• New purpose built student accommodation
• Prime city centre location and central to both universities
• Fully furnished studio apartments
• Fully managed
• Secure fob access system
• CCTV and WiFi throughout
• Communal dining area
• Communal kitchen
• Cycle store
• 8% net assured rental return for 5 years, buy back at 110%

Summary

76 new build studio apartments for investment, attractively priced at £82,950 to £94,150, with an assured return of 8% a year for five years, followed by a guaranteed buy-back at 110% of the price paid.

Description

This development, situated in Sheffield city centre, is a new purpose built student accommodation consisting of fully furnished studio apartments set over six floors.

Located just a short distance from both Sheffield Hallam University (13 minute walk) and the University of Sheffield (10 minute walk), the location of this project is ideal for the student community.

All apartments are well designed, have a secure fob access system, CCTV, Wi-Fi throughout and are finished with contemporary fixtures and fittings. These studio apartments are comfortable and functional whilst remaining aesthetically pleasing.

Students will also have access to a number of communal areas including dining areas, a laundry, cycle store and a communal kitchen which is finished to a very high standard with high gloss units.

It’s safe to say that the majority of students in higher education require accommodation and increasingly their accommodation requirements are breaking away from the traditional ‘student digs’.

Students today crave modern, purpose built, well managed properties, which offer great access to their place of study and local and national transport links. Student accommodation also needs to be sited near to leisure amenities, to allow students to enjoy a full and varied social life alongside their studies.

There are certainly high expectations around the type of accommodation that students want to live in and, importantly for investors, they are willing to pay high rental costs in order to secure such accommodation.

With a high and constant demand for properties, along with a limited supply of suitable accommodation and high yield returns, investing in the student market offers a relatively low risk investment opportunity.

Sheffield is a city full of character, from the stunning architecture, eclectic street art and beautiful rural landscapes, this South Yorkshire city has been dubbed one of the greatest cities in the UK. It is the principal administrative centre within South Yorkshire. Bordering Derbyshire, the Peak District and the Pennines, it is located approximately 56km (35 miles) to the south of Leeds, 67km (42 miles ) east of Manchester and 270km (168 miles) north of London.

There has been a substantial increase in the 20-24 age bracket due to large increases in the number of students at the University of Sheffield and Sheffield Hallam University. Both universities have also experienced an increase in International students, further increasing the city’s younger population.

But not only does Sheffield deliver on rural delights, it also offers access to fast paced city life. The streets are lined with great bars, pubs, cafés and restaurants and there’s an abundance of shopping facilities, theatres and sporting venues.

Sheffield benefits from excellent road connections, with the M1 (junctions 33 & 34) approximately 6 miles to the north east, providing a direct route to London. The M18 also offers links into and out of Sheffield.

Sheffield also benefits from very good rail links, with Sheffield Train Station providing frequent services to Leeds in the North and London and Birmingham in the South and Midlands. The efficient Supertram and regular bus services provide good links throughout the city and its surrounds.

Robin Hood Airport is located 19km (12 miles) to the north east of the city, handling over 1 million passengers a year. Just an hour’s drive away is Manchester Airport, the third busiest airport in the UK. This makes Sheffield an ideal location for International students and professionals in particular.

This is a fully managed investment opportunity, with all properties available on a 250 years leasehold basis. They come with an assured net rental of 8% per annum for five years, followed by a guaranteed buy back at 110% of the price paid.

The studio apartments start from £82,950, with prices up to £94,150.

IMPORTANT NOTICES

No description or information about the development or its facilities, the suites, their plans, specifications or values may be relied upon as a statement or representation of fact. The developer reserves the right to amend the plans, specifications, returns on investment and purchase prices as necessary and without notice. Nothing on this website constitutes or forms a contract or any part of a contract.

Any computer generated images which, together with photographs, illustrate this feature are intended to provide an impression of the development and its properties and may not be a true representation of the finished project, its facilities or the designs of the properties. Their accuracy is not guaranteed and they have no contractual value. Internal images may relate to a different property type in the development.

Intending buyers must make their own investigations and are advised to take appropriate independent advice.

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