Property description
INVESTORS - 8.35% NET RENTAL INCOME ASSURED FOR 2 YEARS
Select Estate is proud to launch a new student project in Sheffield!
New Bank 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 72 high-quality studio, 1-bedroom and 2 bedroom student apartments. Each unit comes complete with a newly fitted en-suite, and is furnished to the highest of standards.
New Bank House is due for completion by summer 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, New Bank 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 New Bank 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, New Bank 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!
Queen Street, Sheffield, S1 2DW
109,995 GBP
Property Features :
- 8.35% NET RENTAL INCOME FIRST 2 YEARS
- 2 YEAR RENT ASSURED PERIOD
- FORMER OFFICE BLOCK CONVERSION
- CASH FLOW POSITIVE INVESTMENT
- STUDENT & RESIDENTIAL PLANNING GRANTED