New Bank House, Sheffield

Size: px

Start display at page:

Download "New Bank House, Sheffield"

Nigel Bruce
5 years ago
Views:

1 New Bank House, Sheffield Prices from 64,995 Boutique Student Accommodation invest

Boutique Student Accommodation with modern features and amenities Investment Highlights 8% assured NET rental returns for 2 years Proven rental model High rental demand in the local area Lettings and

when it comes to finding the perfect investment.

2 Boutique Student Accommodation with modern features and amenities Investment Highlights 8% assured NET rental returns for 2 years Proven rental model High rental demand in the local area Lettings and management company in place Residential planning permission in place Central S1 postcode 8% NET Yield CXG have been working in the property market since 2006, offering our expert advice and guidance when it comes to finding the perfect investment. With a dedicated team of professionals we endeavour to provide you with a service based on our in-depth understanding and extensive knowledge of the property investment market. We base our work on trust, integrity and the vision of forming a long term professional relationship with all of our clients. New Bank House is one of our many investment opportunities available and as a trusted and influential property sourcer new opportunities are always coming to us from all over the UK - so we are never short of a fantastic deal! A Complete Armchair Investment

New Bank House, 110 Queen Street Sheffield, S1 2DW The Perfect University Location Sheffield - a bustling city environment mixed with the friendliness of a small town.

3 New Bank House, 110 Queen Street Sheffield, S1 2DW The Perfect University Location Sheffield - a bustling city environment mixed with the friendliness of a small town. The fifth largest city in the UK nestled right in the centre of the country, only fifty minutes from Manchester and two hours from London by train. There are also links to the local towns of Barnsley, Chesterfield, Doncaster and Huddersfield by bus, making it an ideal location for students from each corner of the UK. Sheffield also caters for an impressive influx of foreign students. Out of a grand total of 63,000 the University of Sheffield and Sheffield Hallam educate over 11,000 international students, which according to the University of Sheffield are worth 120m per year to the local economy. As a city Sheffield has moved on from only being famous as the steel capital of the world. It is now known for its friendly atmosphere and low crime statistics, its strong economy and high employment rates. Having gone through an extensive redevelopment over the past decade and a half, its GVA increased by over 60% from 1997 to 2007 to 9.2billion and is still on the rise! The student rental market is something not many people think of when talking about property investment, however with low entry points and guaranteed high returns, purchasing a student let can be the way forward for landlords wanting a good cash investment. These blocks of studio flats provide the students of city universities with a top quality facility. Often complete with gymnasiums, entertainment rooms and 24 hour CCTV, it is no surprise there is a high demand coming from foreign students who are willing to pay the price for this type of accommodation. Best of all, these apartments come as a total armchair product, with many of the developments housing their own concierge service. The yields are very attractive and often guaranteed for the first year.

4 A potential NET income of up to 5,426PA With a starting price of 64,995 for a Premium Studio apartment and a NET yield of 8.35% these luxury studios, with 4 styles of apartment to choose from in a much sought after area, offer a potential investment income of up to 7,140PA (gross) giving you a NET income of up to 5,426.40PA Reservation fee 5,000 Premium Studios 64,995 Superior Studios 67,495 1-Bed Apartments 74,995 2-Bed Apartments 109,995 Investment Projections for a Premium Studio Purchase price: 64,995 Annual service charge: 1, Annual letting fee: Weekly rent: 140 Gross annual rent: 7,140 Annual NET income: 5, NET yield: 8.35% *All figures should be taken as an indicative measure based on forecasts provided by the developer and are subject to change. Any financial information provided in this document is intended as a guide and does not constitute a contract.

Completion in time for September 2015 intake! CXG have always dealt with us in an organised and professional manner. Their market and product knowledge is second to none. I highly recommend them.

5 Completion in time for September 2015 intake! CXG have always dealt with us in an organised and professional manner. Their market and product knowledge is second to none. I highly recommend them. Purchase Process - Reservation form completed and reservation fee paid ( 5,000). Reservation period 14 days. - Solicitor instructed, legal and sales pack sent out. - 50% payable (less reservation fee) upon exchange of contracts - Remaining balance of 50% due on completion. - CXG sourcing fee is 500 per purchase All deposits will be paid through the solicitors and held in an Escrow account. The funds can only be used for the relevant development.

The management of your investment property by Fortis Lettings & Management Ltd means you can relax

all relevant legislation and will attend to every detail.

Firmly established at the forefront of the industry, we are now one of the most experienced and

market, with our first development released in October 2014 and the second in January 2015.

6 The management of your investment property by Fortis Lettings & Management Ltd means you can relax knowing that your designated management team is organised, purpose trained and fully conversant with all relevant legislation and will attend to every detail. Fortis Developments is one of the fastest growing development companies in the UK. Firmly established at the forefront of the industry, we are now one of the most experienced and extensive developers of luxury student accommodation, residential apartments and regeneration schemes in the UK. Fortis Developments have delivered 800 student investment properties since its establishment in September The success in the student market has propelled the organisation into the residential development market, with our first development released in October 2014 and the second in January Along with our careful choice of locations, the cornerstones of our success have been a combination of creativity and functionality. Other Fortis Developments available through CXG Invest Sovereign House, Sheffield From 64,995 Adelphi Wharf, Manchester From 94,995 Avalon Court, Nottingham From 59,995 Visit for more information

7 Q Am I buying a freehold or a leasehold? A A 250 year leasehold. Frequently Asked Questions Q Can I receive finance on New Bank House? A The developer does not currently offer finance on this development. Q Is New Bank House a new build or conversion project? A New Bank House is a former office block with residential planning permission in place. Q When is my rental income paid? A Income is paid quarterly in arrears directly into your bank account from completion. Q Are there any restrictions if I want to sell? A No, you are free to sell your unit on the open market after completion.

8 CXG House, 70 High Street, Haverhill, Suffolk, CB9 8AR Contact Us Call us on us on Go to Your Property Investment Partner invest

Sefton Park Studios, Liverpool

Sefton Park Studios, Liverpool Self Contained Student Studios Prices from 59,950 35 Bespoke Student Units on secluded grounds over looking the park 8% NET Yield for 2 years Prime university location Investment