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.