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Classic Studio

Sovereign House, Sheffield

£36,000Guide Price

  • Gross annual rental income – £7,195
  • Fully managed student property
  • Close to 2 major universities
  • 8.1%% net rental yield (£2,914)

For more information please contact our team:

0161 337 3890

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This property is now Sold Subject to Contract (STC)

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Tenanted and fully managed student studio for sale in the hugely popular Sovereign Newbank House development. This studio is currently tenanted at £599 month, and offers investors an annual net rental income of £2,914.00.

Studio 3.12 – Financial Breakdown
  • Tenanted at £599 per month
  • Rolling tenancy
  • Managed by Student FM
  • Service Charge – £3164
  • Lettings Fee £733 (8.5% plus vat)
  • Ground Rent £384
  • Net Return – £2914

Key to the appeal of the Sovereign Newbank House development is its location in the heart of Sheffield city centre, and just a short distance from both the University of Sheffield and Sheffield Hallam University. As of today, Sheffield is still considered one of the UK’s leading student destinations, and is home to in excess of 60,000 full-time students.

 

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