Property description
INVESTORS - 8.72% NET RENTAL INCOME ASSURED FOR 2 YEARS
Select Estate is proud to launch a new student project in Sheffield!
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.
Why Invest In Student Accommodation?
Are you receiving low interest on your Savings?
Our Student Pod and Buy to Let opportunities are delivering:
> 6% - 10% NET Income
> Capital Appreciation on your Asset
> Full Management and a Hands Off Experience
> Cash Flow Positive Opportunities Nationwide
Collect more than just the low interest from your bank!
Student property returns will continue to outstrip traditional asset classes into 2014?
- The Knight Frank Student Property Report 2014
Traditionally students in the UK shared outdated private houses or lived in sub-standard university owned halls of residence that lacked facilities, security and maintenance. Students today have evolved from those in the past, becoming sophisticated consumers; they have come to demand more from their accommodation. Students want high quality, new build apartments with en-suite bathrooms, great facilities and security, close to university campuses and amenities, leaving them able to concentrate on what is important; their studies. High quality accommodation is an important factor for a student when going to university. It is a vital part of the education experience, building independence and confidence within their new educational environment, helping them to achieve their full potential in their studies. ?The student property sector is now worth 200 billion globally, growing faster than ever before?
- The Financial Times
Queen Street, Sheffield, S1 2DW
67,495 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