GUARANTEED
INCOME
Modern Student Accommodation in the University city of Sheffield
Total number of units
- Total number of units by type:: 127
- Number of available units by type:: 96 (76%)
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