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Westbar House

Sheffield, United Kingdom

Investment Type: BUY-TO-LET

Est. Completion: COMPLETED

  • Assured net yield of 11.76% until Jan 2021
  • Assured rental income of £6,115.50 per year
  • 69,000 full time student in Sheffield
  • Established management company in place
  • 9.1% net est. after assured rental period
CALL +44 (0) 161 337 3890
Purchase Process

Purchase Process

1) Complete and sign reservation form 
2) Appoint solicitors 
3) Balance on exhange/completion

Investment Highlights

Purchase Price: £51,995
Assured rental 11.76% net until Feb 2021
Rental Income of £6,115 net per annum
Ground rent £250.00 per annum 
Fully furnished one bedroom apartment

After Assured Rental 

£130 x 51 wks = £6,630 per annum 
6% lettings fee
Service charge of £1,500 per year est. 
Net rental per year = £4,723 estimated 
9.1% net yield following assured rental

Westbar House offers boutique accommodation for students studding in Sheffield. Comprising of a total of 83 studios and 6 larger apartments, each fully furnished unit at Westbar House has a private kitchen, bathroom, and study area. Alongside offering independent living spaces, student residence will also benefit from an array of onsite amenities from an entertainment room and gym to a laundry area and communal gardens and large roof terrace. 

This property benefits from having both residential and student permission.

The student studio is currently tenanted until 2021, achieving a net yield of approximately 11.76%, generating an assured rental income of £6,115.50.

Westbar House – Investment Highlights

  • 20.3 sq m en suite unit
  • 123 year lease from 2018
  • 11.76% net rental until January 2021
  • Generate a rental income of £6,115.50
  • Fully furnished one-bedroom apartment
  • Good management company in place
  • Large roof terrace
  • Cinema room
  • Communal lounge area

Westbar House – Nearby Amenities

  • Sheffield city centre – 0.3 miles
  • Sheffield Hallum University Campus – 0.5 miles
  • University of Sheffield Campus – 0.8 miles

Location Details
Westbar House is perfectly situated in close proximity to both universities and over 69,000 full time students; the University of Sheffield and Sheffield Hallum University, alongside being just a short walk away from Sheffield city centre. This means, student residence will benefit from being located near the vibrant city centre, with bars, restaurants and shops on their doorstep, alongside being close to both universities.

Purchase Process
1. Complete the reservation form and pay the £2,000 reservation fee
2. Instruct solicitors and receive legal and sales pack
3. Pay the remaining balance on completion of contracts

Westbar House - Key Points

Location

Location

Sheffield, United Kingdom

Contact Us

If you would like further details about Pure Investor or any of our property investment opportunities, please contact us using the form below or call us directly.

Any Questions?

Call: +44 (0) 161 337 3890

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Why Choose Pure Investor

Client Testimonials

  • All the way through the process you have kept us informed and dealt with the negotiations in a most professional way.

    Audrey & Colin | Lancashire

  • "My wife and I were looking for purpose built student accommodation for investment and, notwithstanding that we were not their clients, the team at Pure Investor took the trouble to identify our goals and then set about helping us to achieve them."

    Peter Taylor | Student Accommodation Investment

Pure Investor - Property Investment