0 Bedrooms Studio for sale in Eyre Lane, Sheffield S1 | £ 83,000

Property Description

8% Return Guaranteed for 3 years // Off-Plan Investment Opportunity // Development Hotspot // A1 Location // Up to 17.5% Discount (off RICS Valuation)

Lightbox

A pioneering, beacon residential development situated at the heart of Sheffield's Cultural Industries Quarter, and a contemporary new home for the city's young professionals.

The latest state-of-the-art addition to Sheffield's ever-expanding skyline from renowned developers Noble Design & Build, Lightbox offers prime investment opportunities for landlords keen to capitalise on the city's burgeoning rental market.

Comprising a balance of stunning one-bed, two-bed and studio apartments over four spacious levels, Lightbox answers the city's growing demand for affordable luxury living, just a stone's throw from Sheffield's trendiest bars, clubs and restaurants, and well-served by city centre shops, theatres and transport hubs.

Location

Sheffield, England's fourth-largest city, is an exciting and modern place with a population of over 560,000.

It is one of the uk's most popular destinations for students, playing host to over 60,000 domestic and overseas students, a high proportion of whom choose to stay, or return and settle in the city.

The presence of two high-ranking universities and one of the largest further education colleges in the UK means Sheffield has a distinctly youthful population throughout the year and, therefore, considerable rental demand from its high number of students and young professionals.

Sheffield is a thriving commercial centre that provides a vibrant lifestyle for those living and studying there, with theatres, a varied arts scene and the beautiful Peak District on its doorstep.

Internationally recognised for its design, manufacturing and engineering, the city has an abundance of skilled workers with many multi-national businesses located in the city. Around 240,000 people work in Sheffield in approximately 20,000 businesses.

Sheffield also boasts excellent road and rail connections to other parts of the country and a choice of easily accessible international airports.

Government is considering two station locations (Meadowahall or Sheffield city centre) for HS2, which will connect Sheffield with London faster by 2032.

The city has seen significant development activity in the last decade with many investors demonstrating confidence in Sheffield, which is now considered to be at the fulcrum of the Northern Powerhouse, given devolved powers by the Government to stimulate economic growth, and in the top 7% of 324 local authorities in England for inward investment (Sheffield Telegraph, October 2015).

There are currently over £1billion of major schemes underway in Sheffield, including New Era Square, the city's pioneering, £65million, 21st century Chinese Quarter'. The complex, due for completion in 2018 (and very close to the Lightbox development), will include retail units, offices and an exhibition hall surrounding a central, open-air public events space, as well as a business incubator' to enhance trade links between China and the UK.

Another major development nearing completion is St Paul's Place, which signals the emergence of a new Business Quarter for Sheffield. Sitting between the Peace Gardens and the Winter Garden, St Paul's Place is a vibrant mixed use development, consisting of offices, high quality leisure and retail, 300 luxury apartments and a 550 space multi-storey car park.

However, perhaps the largest scheme in development is the newly proposed Sheffield Retail Quarter. This innovative £480million project focusses on the areas around Barker's Pool, Pinstone Street and Moorhead, and merges with Sheffield's award-winning public realm and cultural assets - including The Crucible and Lyceum theatres - and unites key retail areas from The Moor through to Fargate.

The Development

Lightbox is a landmark living space of handsome proportions.

Right at the heart of Sheffield's thriving creative hub, the Cultural Industries Quarter, this prestige development is ideally located for city centre amenities and just a short walk from Sheffield Rail Station, the Crucible Theatre and Sheffield Hallam University.

Boasting 129 luxury one- and two- bed apartments and studios, a four-storey atrium and a stunning full-length glass roof, Lightbox is an exciting new home for Sheffield's vibrant young professionals. And a dedicated concierge, on-site gym and residents-only cinema will appeal to its discerning tenants. Planning permission for a ground floor café/restaurant has also been granted in principle.

Specification

All Lightbox apartments are finished with the most discerning tenant in mind; to the highest specification and with a fastidious
attention to detail.

Fully-fitted, modern kitchen units with stainless steel fittings, integrated electric oven and electric hob

Contemporary bathroom suites, with full-height wall and floor tiling and thermostatically controlled shower.

Flush, oak veneered doors with chrome door furniture.

Recessed low-voltage ceiling lighting.

Satin chrome electrical sockets and switches throughout.

TV and BT points to living areas and bedrooms.

Audio-entry phone system from entrance door to all apartments.

Mains-operated smoke detectors.

Secure mortice locks to all apartment entrance doors and secure locking system on all windows.

Ten year structural warranty.

Investment

With rental demand in Sheffield increasingly outstripping supply, and as the city is poised to enter its most significant period of inward investment in recent history, Lightbox represents a unique opportunity to capitalise on excellent yields in a prime development hotspot.

Off-plan investment opportunities are now being made available with a guaranteed 8% return for the first 3 years on a first-come, first-served basis.

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