Property description
Tenure: LeaseholdBUY TO LET INVESTMENT OPPORTUNITY. An opportunity to invest off plan in this purpose built student accommodation comprising of luxury apartments in a prime central location. Built by a reputable and experienced developer, rental income is at a 9% NET yield which is guaranteed for 3 years. An excellent fully managed investment in this much under supplied market.
LOCATIONPrintworks is ideally located for students: close to the city centre, shops and nightlife, and within short walking distance of two major universities.
0.1 miles - Bus & Tram round the corner
0.5 miles - Sheffield Hallam University
0.6 miles - University of Sheffield
0.8 miles - Sheffield Railway Station
DEVELOPMENTPrintworks is a purpose-built student accommodation hub in a prime location. Its six floors provide excellent social and communal facilities, including a cinema, gymnasium and IT suite, plus all the facilities and utilities you would expect from a high specification student development. Accommodation comprises 151 studios and 9 two bed apartments. All units are en-suite, have their own kitchen, dining and study areas, and make clever use of space with quality fixtures and fittings. The flats come fully furnished and include electrical appliances, bedding, crockery, cutlery and bathroom accessories: perfect for tenants to just arrive, unpack and unwind.
Built by Noble Design and Build are reputable developers who have been active in the UK property market for many years.
INVESTMENT SUMMARYPrintworks represents a solid investment opportunity, with generous annual returns, a flexible exit strategy, and a choice of purchase options for investors.
Investment example:Unit no. 518
Type Studio
Purchase £62,995
Gross annual income £7,650
Maintenance £1,200
Management fees £400
Ground rent £300
Net income £5,750
Net yield (3 years) 9.2%
Estimated capital uplift 5% pa
PURCHASE PROCESSYou are required to pay a reservation deposit. Your final payment will be due when construction completes.1. Deposit of £5000 with reservation form (includes £1000 admin fee)2. 75% of balance (including deposit) on exchange of contracts within 28 days3. Remaining balance due on completion of building in January 20164. 5% interest will be paid on exchange of monies paidPlease enquire about other payment options.
Property Features :
- Off plan buy-to-let investment opportunity
- Luxury studio apartments
- Purpose built Student accommodation
- Prime central location
- Rent is guaranteed for 3 years