Studio for sale in Bells Court, 26 Bailey Street, Sheffield S1

£83,500
Studio for sale 1

Images may include optional upgrades at additional cost

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Property description

This high end studio apartment is fitted and furnished to the highest level, including a fully fitted en-suite with a contemporary shower.

The development was built with eco-friendly features which lower energy bills and enhance rental income for an investor. It proved to be a very popular development with the units completely sold out within two months of completion.

Built in Sheffield's historic old town, the development is a modern complex converted from a two-storey urban warehouse block. It comprises of 29 luxury studios ideal for both owner occupiers and investors looking to rent to students or professionals.

In the heart of Sheffield city centre, residents can enjoy local amenities which include a diverse range of bars, restaurants and shops only a few minutes away on foot.

The Supertram is less than 200 metres from the site which provides easy access to other areas of the city whilst Sheffield Train Station, less than a 15 minute walk away, has direct links to major cities such as London and Manchester.

Over the last five years Sheffield has developed into a modern investment destination, with the population is expected to balloon by almost 15% by 2035, and the economy on an upward trajectory having grown 2% year-on-year for the last decade.

Financial Breakdown

Gross rent: £5,760
Ground rent: £250
Service charge: £723
Lettings fees: £553
Net income: £4,234
Gross yield: 6.9%
Net yield: 5.07%

Important Note To Purchasers

*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-0567

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Yieldit, and do not constitute property particulars. Please contact Yieldit for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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