Why invest in this asset class?
Sovereign House is located in the centre of Sheffield less than half a mile from both The University of Sheffield and Sheffield Hallam. This ideal location caters to all students who want to live in the heart of the thriving city as it is minutes away from shops, restaurants and bars.
Comprised of 178 studios, this conversion from an office block to high quality student accommodation is expected to be completed by July 2015, in plenty of time for the year’s influx of students. Each studio will be furnished to the highest of standards. Students will also have access to a range of communal facilities including a TV/cinema room, gymnasium, entertainment lounge, laundry, bike storage and communal lounge.
Students are demanding more from their accommodation than ever before, and Oneil Property Services are delighted to be able to offer state-of-the-art hotel-style accommodation for students across the UK.
Property investors can expect higher returns by investing in modern student accommodation projects compared with buying traditional types of assets.
Total returns in the student property sector have notably outperformed all other traditional asset classes.
Investor returns for student property in the UK for September 2013 was 7.8% on average, which is significantly higher than the rental yields for average buy-to-let properties at 5.4% for the same month and for any bank savings account.
Investment Overview
Premium Studio Apartments
Prices from £55, 950
8.35% Net Returns
Assured Rental Income for 2 Years
Sheffield homes 63, 000 students
178 Premium Studio Apartments
Less Than 9 Min Walk To Both Universities
Completion for Summer 2015
Converted from Office Block To Luxury Apartments
Management Company Assigned
Is there a management company in place?
Yes, the designated management company will be Fortis Student Lettings, who will block manage and let the building.
Are there any restrictions if I want to sell?
No, you are free to sell your apartment on the open market.
Purchasing one of these apartments could not be easier. With a dedicated experienced team on hand, Oneil Property Services will walk you through the process from start to finish. Payment terms are straight forward. They are spread out over a 6 month period. Please call for more details.
What to do next?
Speak to a Property Consultant from O'Neil Property Services and choose your unit(s)
Complete the reservation form and pay the deposit
Solicitor instructed, legal documents and sales pack sent out
50% of the balance is payable upon exchange of contracts
Balance of 50% payable upon completion of your unit
For more information please call O'Neil Property Services