Property description
Calling all investors Hunters Crookes have this excellent opportunity to acquire this bedroom within one of Sheffield's newest student residents only half a mile from Sheffield University.
This fantastic opportunity is currently let at £99 per week (Inclusive of £15 for utilities). At this level the property will provide a yield of 11%.
ON THE GROUND FLOORCOMMUNAL ENTRANCEHaving stairs to the upper ground floor.
ON THE UPPER GROUND FLOORCOMMUNAL LANDINGPRIVATE ENTRANCE LOBBYPRIVATE ENTRANCE HALLHaving access to each of the bedrooms and communal kitchen and living area.
BEDROOM4.19m (13' 9") x 2.79m (9' 2")Having a wood effect laminate floor
BEDROOMWORK AREA2.69m (8' 10") X 1.08m (3' 7")Having a wood effect laminate floor and a aluminium double glazed window.
SHOWER ROOM/W.C.The ensuite has a corner shower cubicle with mains shower, pedestal wash hand basin and a push button low flush w.c. There is an electric towel radiator and an electric extractor fan. The walls are tiled to the shower and splash back area.
COMMUNAL KITCHEN & LOUNGEThe communal lounge and kitchen has a seating and dining area together with an L shaped worktop to the kitchen with matching wall cupboards.
COMMUNAL KITCHEN & LOUNGEGENERAL REMARKSTENUREThe current rental income is £99 per week which includes water, electric and broadband. The tenants are responsible for the T.V. licence. There is a fixed management company which charge 12% + VAT.
We understand that the apartments are leasehold on a 999 years lease from 1/1/2012 at a ground rent of £250 per annum.
CENTRAL HEATING AND DOUBLE GLAZINGThe property has the benefit of electric heating with panel heaters and the windows throughout are aluminium framed sealed unit double glazed replacement units.
Property Features :
- INVESTOR OPPORTUNITY
- CURRENTLY LET AT £99 PER WEEK
- ELECTRICALY HEATED
- HALF A MILE FROM SHEFFIELD UNIVERSITY
- GREAT LOCATION
- MODERN FINISH WITHIN CONVERTED BUILDING
- YIELD 11%
- ENERGY EFFICIENCY RATING E