We are pleased to present this fantastic investment opportunity in Sheffield. The development is a modern complex converted from a 2-storey urban warehouse block comprising of 29 studio apartments mixing the retro design with luxury contemporary elements.
This luxury studio is offered fully furnished to a high standard and boasts a large living space with double bed, a fully fitted kitchen with integrated fridge freezer and contemporary 3-piece en-suite with double glazing throughout. The high-end apartments are typically around 31.8 square metres situated in the popular eco-friendly development.
Bells Court is located perfectly 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 super tram is under 200m 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.
Sheffield is one of the most densely-populated cities in the UK, with over half a million residents in the vicinity but only 17,000 residents in the city centre. Furthermore, with a student population of over 60,000, the student market as well as the private rental market in Sheffield is also in high demand.
There has long since been a chronic undersupply of both student and rental accommodation in Sheffield, which is why Bells Court is perfectly placed to ease this housing deficit. Aimed at attracting young professionals and students and alike, Bells Court is the perfect low cash investment in the midst of the thriving and highly popular city centre of Sheffield.
Please note: Images shown are of a show apartment and may not be representative of the property for sale.
Gross rent: £6,000
Ground rent: £250
Service charge: £725
Lettings fees: £540
Net income: £4,485
Gross yield: 7.06%
Net yield: 5.28%
*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-12863