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Investment - Modern Student Accommodation, West Bar House, Westbar, Sheffield, S3 8PT
not specified / Other / Investment
Sold - Last updated: 05 April 2016
West Bar House will offer luxury living for the modern student in the city with a range of facilities from social and leisure rooms, and it’s very own fitness gym.
The project is expected to face such a high demand that a waiting list will be in place. The developer is offering a rental assurance for owners for the first 3 years.
Location
With a student population in excess of 63,000, Sheffield is in extraordinary demand. We would like to present an opportunity in the heart of the city, West Bar House.
Within walking distance to both Sheffield and Sheffield Hallam University and within easy reach of Sheffield city centre, this is a great opportunity for investors. Sheffield has been tipped as one of the top centres in the UK to invest and, as a result, has been the location choice of many large institutions and investment funds.
Terms
Investment Highlights
- Apartments from just £67,950
- Market value of £89,936, 22% under market value
- Assured minimum rental yield of 9% for 3 years
- Return £18,886 in the first 3 years alone
- 5% interest paid on deposited funds
- A fully hands-off investment and fully managed by reputable asset managers
Specification
- En-suite bathroom with shower cubicle, vanity sink unit and toilet
- Kitchenette with fitted oven, hobs and sink
- Fully furnished studio apartment
- Internet with high speed Wi-Fi or Ethernet connection
- Onsite supermarket
- Rooftop terrace
- Laundry room
- Bicycle storage
- Games room
- Fitness gym
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