Flat for sale in 20 Egerton Street, Sheffield S1

*** investment opportunity ***

This newly built student accommodation building comprising of 152 units over 7 levels. The student bedrooms with en-suite bathrooms share a fabulous communal area complete with top of the range kitchen, dining area and lounge. The ground floor of the building gives access to recepton with lobby and seaitng area, courtyard with landscaped gardens, gym, laundy area, cycle and bin storage.

The apartment is equiped with a small double bed, wardrobe and drawers, workstation with chair, en-suite with shower cubicle, vanity sink unit and toilet.

Lease information: 999 years from 31 Jan 2015
Service charge of £3180 per year
Ground rent of £500 a year

This apartment is only suitable for cash buyers whom will be renting it out to students.

The Development

Spectrum Apartments are designed as a purpose built studen development comprising of 152 units over 7 levels. The development has an excellent central location, with both universities being just a 10 minute walk away and the city centre on its doorstep. All amenities, shopping and entertainment are just moments away, perfect for students searching for the very best accomomodation with the very best that the city has to offer.

Location

Around Nebula student accommodation, you will discover a lot of popular restaurants and bars, including the Unit Restaurant and The Washington. Around this and another well-known square named Shoreham Street are a variety of retail and entertainment centres. Due to Nebula accommodation's proximity to the city's centre, a variety of bars, cafes, clubs, and pubs are accessible on foot. When you don't feel like cooking at home, go to one of the neighbouring restaurants, such as Grazie, Napoli Centro, Piccolo's, etc.

The county of South Yorkshire contains the city of Sheffield. It gets its name from the River Sheaf, which borders its shores. Due to the enormous number of university students, the majority of the population is young. The location of this Nebula student accommodation is in the centre of the city.

Public transportation options are easily accessible. You may catch a bus at Bramall Lane or Rowland Road bus stops, which are close to the student housing. The property is just 5 minutes away from 1st Class Cabs Service. Overall, the location offers the ideal living situation for any student who not only wants to attend classes regularly but wants to explore the city as well.

Property Description

Being Sold by goto Online Auction

Starting Bids from £37,000

Buy it now option available

Please call or visit Purplebricks Online Auctions for more information.

This property is for sale by Online Auction. The Online Modern Method of Auction is a flexible buyer friendly method of purchase. The purchaser will have 56 working days to exchange and complete once the draft contract has been issued by the vendors solicitor. Allowing the additional time to exchange and complete on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer with be required to put down a non-refundable reservation fee. The fee will be a fixed fee including the Vat, this secures the transaction and takes the property off the market. The buyer will be required to agree to our terms and conditions prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found on the online Auction website or requested from our Auction Department.

Please note this property is subject to an undisclosed Reserve Price which is typically no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Our primary duty of care is to the vendor. Terms and conditions apply to the Modern Method of Auction, which is operated by goto Auctions.

To book a viewing visit Purplebricks

General Information

This property is for sale by Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer but will be given 56 working days in which to complete the transaction, from the date the Draft Contract is issued by the seller’s solicitor. By giving a buyer time to exchange contracts on the property, means normal residential finance can be sort.

The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. The buyer will be required to sign a Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Info Pack which can be downloaded for free from our website or requested from our Auction Department.

Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Buyers Premium of £6,600 including VAT plus an administration charge of £372 including VAT, a total of £6,972. This secures the transaction and takes the property off the market.

The Buyer’s Premium and administration charge are in addition to the final negotiated selling price.

Buyer's Administration Charge
If the Buyer Information Pack has been produced and provided by goto Group any successful purchaser will be required to pay £372.00 (including VAT) towards the cost of the preparation of the pack. These can then be used by your solicitor to progress the sale.

Property Ownership Information

Tenure

Leasehold

Council Tax Band

A

Annual Ground Rent

£500.00

Ground Rent Review Period

Every 10 years

Annual Service Charge

£3,000.00

Service Charge Review Period

Every 10 years

Lease End Date

30/01/3014

Disclaimer For Virtual Viewings

Some or all information pertaining to this property may have been provided solely by the vendor, and although we always make every effort to verify the information provided to us, we strongly advise you to make further enquiries before continuing.

If you book a viewing or make an offer on a property that has had its valuation conducted virtually, you are doing so under the knowledge that this information may have been provided solely by the vendor, and that we may not have been able to access the premises to confirm the information or test any equipment. We therefore strongly advise you to make further enquiries before completing your purchase of the property to ensure you are happy with all the information provided.