GUARANTEED
INCOME
Modern Student Accommodation in the University city of Sheffield

 
UNITED KINGDOM / SHEFFIELD / University of Sheffield 
Prices from £ 63 500
  • Location: United Kingdom, Region England, Sheffield, University of Sheffield  MAP
  • Development: Development project, Student accommodation
  • Unit types: Studios
  • Total number of units:127 
  • Units available for sale:96 PRICE LIST
  • Unit sizes: 26 sq.m 30 sq.m FLOOR PLANS
  • Unit prices: £ 63 500 75 750 PRICE LIST
  • Prices per sq.m.: 0 £/sq.m
  • Development status: Under construction
  • Planned completion: June 2018
  • Ownership: Leasehold for 250 years
  • Rental return (p.a.): 8% net Guaranteed
  • Total return (p.a.): 60%
  • No commission

Complex/building features

  • Sizes of units 26 sq.m - 30 sq.m
  • Total unfolded area of the building/s 3499 sq.m
  • Total area/size of the building/complex plot 7284 sq.m
  • Total number of units 127
  • Total floors 5
  • Type of construction Brick-built / Reinforced concrete structure

Distances

  • Airport 10 km to Robinhood (ROH)

Rental income features

  • Rental demand in the area Long-term rental
  • Who will rent Students,Young professionals
  • Unit finishing in order to rent Fully-furnished
  • Ability to terminate rental agreement Easy
  • Rental management In-house management company
  • Rental management fee £300 per annum
  • Annual rental income 8% net Guaranteed

Taxation

  • Annual local tax/council tax (approximate) Council Tax in UK is paid by tenants.

Exit strategy

  • Resale Possible after completion
  • Easy exit High demand - very easy
  • Resale management/consultant Property Developer
  • Who will buy Foreign buyers, Local people

*Please note that exit or resale of property depends on market conditions.

Unit/apartment features

  • Finishing Excellent
  • Furnishing Fully furnished
  • Bathrooms Fully fitted bathroom
  • Flooring in rooms Laminate flooring
  • Views from units River views, Town views

Additional purchasing costs


These additional costs include the following, among others:

  • Lawyer fees Approximately £1,500 payable one time

Buy-back options

  • Buy-back options Buy back option with 115% after 5 years

Ongoing costs and aftersale charges

  • Maintenance charge Obligatory, 4% of the rent collected
  • Management fee and looking after property Obligatory, 400-500 GBP every three years