Property description
INVESTORS - HIGH NET RENTAL FIXED INCOME ASSURED
Sovereign House, is situated in the very heart of the vibrant city of Sheffield. The project, which will see a multi-million-pound conversion of a former office, will be transformed into 178 high-quality studio and 1-bedroom student apartments. Each unit comes complete with a newly fitted en-suite, and is furnished to the highest of standards.
Sovereign House is due for completion by July 2015, in time for the September intake of students.
Global real estate providers Savills highlighted Sheffield in its 2014 Student Spotlight report because of the need for bespoke student accommodation in the area, as a direct result of the ever-growing student population, making this investment extremely attractive to investors looking for assured rental yields in a highly sought-after area.
Furthermore, Sovereign House is also a perfect development for its residents as well as for its investors, boasting a TV and cinema room, a private gymnasium, entertainment lounge, laundry room, secure bicycle storage, and a communal lounge for its tenants. In addition, the quality of this development is assured, as Sovereign House is being built by an experienced developer of student property, as well as being fully let and managed by Fortis Students.
With a student population in excess of 63,000, Sovereign House seeks to remedy the deficit of bespoke student accommodation in this highly sought-after area, making this development the perfect addition to any property portfolio.
Queen Street, Sheffield, South Yorkshire, S1 2DW, United Kingdom
74,950 GBP
Property Features :
- 8.72% NET RENTAL INCOME FOR FIRST 2 YEARS
- 2 YEAR RENT ASSURED PERIOD
- FORMER OFFICE BLOCK CONVERSION
- RESIDENTIAL BUY TO LET/STUDENT INVESTMENT