Property Details

Studio flat for sale For Sale

Xenia Students, Silver Street, Cathedral, City Centre, Sheffield, South Yorkshire, England, S1 2FQ, United Kingdom

£40,000

ROI = 28% BMV = 59.12%

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Description

EXCELLENT OPPORTUNITY FOR INVESTMENT - GENERATE AN 8.9% NET RETURN! Invest in fully-managed, hands off premium studio accommodation with lucrative returns. Yieldit are delighted to offer onto the market this fantastic premium studio unit which is suitable for students and working professionals. Newbank House is the second phase development of the successful Sovereign house student development. It has undergone an extensive refurbishment and provides 250 apartments to cater for the demand of students who desire luxury accommodation in Sheffield. Each spacious apartment is fully furnished and contains a fitted kitchenette and a dedicated study area. In addition, free WiFi is provided to all residents and all bills are inclusive! Also provided for all residents are top of the range communal areas such as laundry facilities, an entertainment room, a games room and a fully equipped state-of-the-art gymnasium! Newbank House is perfectly placed only a short walk from The University of Sheffield and Sheffield Hallam as well as the main train station. In addition all of the shops, bars and restaurants in the city centre are a stones throw away. Sheffield is a bustling city environment mixed with the friendliness of a small town which is very attractive to students from around the world looking for a top class university experience. Sheffield is the fifth largest city in the UK and is nestled right in the centre of the country, only 50 minutes from Manchester and two hours from London by train. There are also links to the local towns of Barnsley, Chesterfield, Doncaster and Huddersfield by bus, making it an ideal location for students from each corner of the UK. Sheffield has been ranked as one of the top 10 most affordable university cities in the UK. That means you can stretch your money a bit further as you visit the local bars, clubs, pubs and cultural attractions. Financial Breakdown Gross Rent: £7,800.00 Net income: £3,561.48 Gross yield: 19.5% Net yield: 8.9% Please contact agent for full financial breakdown. IMPORTANT NOTE TO PURCHASERS: 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 or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. yieldit ref: YL-07701

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