Studio Flat For Sale, Egerton Street, Sheffield S1

Description

This is an investment opportunity to purchase an ensuite bedroom within a 5-unit apartment in a student building in Sheffield with the potential to generate a 8% gross yield.

Please note that this property is for cash buyers only due to the low value

Vesta has access to four other units in this building

Leasehold information

Length of lease: 997 years
Year lease started: Tbc
Service charge: Tbc

Property information

Located on level 3
Ensuite bedroom within a 5-unit cluster comprising:
- Double bed with under storage
- Fitted wardrobe
- Work station with study chair
- Shelving and drawers
- Carpet, blinds and light fittings
- Personal safe and individual storage
- Internet with high-speed wifi & an ethernet connection
The shared communal area in this cluster apartment comprises:
- Fully fitted kitchen, including oven, hob, fridge freezer, microwave
- Breakfast bar and seating
- Lounge area with sofas and flat-screen TV
The building also has the following tenant facilities:
- Lifts & CCTV on all floors
- Cycle storage
- On-site management team
- Communal social room
- Gym
- Reception with lobby and seating area
- Laundry area
- Ground floor garden and terraced area
We have been advised that an EWS1 certificate is yet to be issued
EPC rating: Tbc

Rental information

The following rental amount is expected once this unit is let:

Monthly rental income: £386.67
Annual rental income: £4,640.04
Rent assured at 8% for 3 years by way of leaseback

Location information

The property is located in the Broomhall area just off Sheffield city centre
Both Sheffield University and Sheffield Hallam can be reached in less than 20 minutes on foot
Sheffield railway station can be reached easily either on foot or by public transport

Notes

Please note that Vesta has not visited this property and that the vendor has provided all material.

The CGI images are not of the exact apartment and are for illustrative purposes only. However, they do represent a typical apartment in the development. The floorplan does reflect this apartment.

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Studio Flat For Sale £58,000 Egerton Street, Sheffield S1

Studio Flat For Sale £58,000
Egerton Street, Sheffield S1