0 Bedrooms Studio for sale in Allen Street, Sheffield S3 | £ 76,000
Overview
| Price: | £ 76,000 |
|---|---|
| Contract type: | For Sale |
| Type: | Studio |
| County: | South Yorkshire |
| Town: | Sheffield |
| Postcode: | S3 |
| Address: | Allen Street, Sheffield S3 |
| Bathrooms: | 1 |
| Bedrooms: | 0 |
Property Description
217 fully furnished student studio apartments
— From £76,000
— 8% Net Rental Income assured for 5 years (less
ground rent approx 7.6%net)
(however there is a launch deal available for first 50
units sold)
— Cash Purchase only
— Managed under the branding nutur student living
by a professional management company such as
sfm or similar at 24% for first 5 years.
— Ground rent £275pa 125 years lease
A continued strong demand for good quality relevant developments.
— More apartments are built with demand from students
moving away from tired hmo and inadequate shared
housing, which are returning to the market for first home
buyers and families.
— Developments with good quality management, appropriate
rents, and homely, relevant spaces are attracting long term
100% occupancies.
— Brexit effect still yet fully unknown but to date any reduction
in EU students has been picked up by UK and non EU
students . Fluctuations in exchange rates mean studying and
living in the UK may be more attractive.
— Double University towns are more attractive to investors as
it spreads risk/more students etc.
Student Well being and Mental Awareness
— There has been a large amount of focus on student well being and
mental health (due to increased suicides amongst students) with
management companies and developers being asked to address
these areas in their buildings. They have a direct responsibility for
the future mental health of the students.
— With that in mind the building is being branded under nurtur
student living which is a building, a lifestyle and a management
company designed to allow students to feel at home. Allen St is a
hybrid building designed with rooms and spaces to encourage
interaction, community and space to live, work, study and relax and
grow as individuals aswell as students. The facilities provide a
welcome and support through the students most important years.
— Designed around 3 main ethos: Home and well being, natural
reclamation and a nod to Sheffield’s heritage, elements of this can
be seen around the building
Property Location
Property Marketed by Real Estate Worldwide
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