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5 Bedrooms Apartment Flat for sale in Aspect 3 34 Edward Street, Sheffield, S3

5 Bedrooms Apartment Flat - £235,000

Aspect 3 34 Edward Street, Sheffield, S3

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First listed on: 01st November 2017

Nearest stations: Sheffield (0.8 mi)Meadowhall (1.1 mi)Darnall (2.8 mi)Dore (4.2 mi)Woodhouse (5.2 mi)

Interested in this property? Call See phone number 0161 482 7781

Property Features

  • Shops and amenities nearby
  • Fully Furnished
  • Concierge
  • Convenient Location
  • Student Accomodation

Property Description

A Fully Furnished and tenanted 5 en-suite bedroom Cluster Apartment with shared kitchen and lounge. Aspect 3, Edward Street, has had 100% Occupancy since it was built in 2008 and already 100% fully occupied for the current 2017/2018 student year.
Currently achieving a gross rent of £22,750 per anum representing a 9.68% gross yield. This will net down to £16,895 representing a 7.19% Net yield.
This is a purpose built Student Halls of Residence with Full Title Deed Ownership. Leasehold with a 125 year lease. (Ground Rent of £250 pa) Fully Managed by Student Facility Management who have a proven track record in full management of large scale student accommodation schemes, with their current portfolio of 4000 beds boasting a 100% occupancy record. With student apartments it\'s very important the management team are experienced so that the ongoing management is successful, keeping beds filled, costs down and yields high.
The location is just 950 m from Hallam University, 1300m to Sheffield University.
Students sign a 50 week tenancy agreement - which is all fully managed by the Student Facilities Team. This is a 100% hands off, hassle free investment. Summer or longer-term tenancy agreements available to \'top up\' your yield. There is an Annual AGM for investors to meet with the management company and address the year and the direction and focus of the building. SFM recently awarded the Nominations Agreement for Aspect 3 with Sheffield University, which guarantees a % of first year students accommodation within Aspect 3, which means strong occupancy levels moving forward. Nomination Agreements are very rare and universities do not often allocate them to private student developments.
Management and Service charge - which includes all the management of the tenants and building, and a long term maintenance program for the building
Other fees and charges to be aware of £55per bed annual letting fee, £70 per bed internal apartment annual wear and tear costs (this charge can vary), £25 per bed marketing fee (this fee can vary). EPC Rating D

A Fully Furnished and tenanted 5 en-suite bedroom Cluster Apartment with shared kitchen and lounge. Aspect 3, Edward Street, has had 100% Occupancy since it was built in 2008 and already 100% fully occupied for the current 2017/2018 student year.
Currently achieving a gross rent of £22,750 per anum representing a 9.68% gross yield. This will net down to £16,895 representing a 7.19% Net yield.
This is a purpose built Student Halls of Residence with Full Title Deed Ownership. Leasehold with a 125 year lease. (Ground Rent of £250 pa) Fully Managed by Student Facility Management who have a proven track record in full management of large scale student accommodation schemes, with their current portfolio of 4000 beds boasting a 100% occupancy record. With student apartments it\'s very important the management team are experienced so that the ongoing management is successful, keeping beds filled, costs down and yields high.
The location is just 950 m from Hallam University, 1300m to Sheffield University.
Students sign a 50 week tenancy agreement - which is all fully managed by the Student Facilities Team. This is a 100% hands off, hassle free investment. Summer or longer-term tenancy agreements available to \'top up\' your yield. There is an Annual AGM for investors to meet with the management company and address the year and the direction and focus of the building. SFM recently awarded the Nominations Agreement for Aspect 3 with Sheffield University, which guarantees a % of first year students accommodation within Aspect 3, which means strong occupancy levels moving forward. Nomination Agreements are very rare and universities do not often allocate them to private student developments.
Management and Service charge - which includes all the management of the tenants and building, and a long term maintenance program for the building
Other fees and charges to be aware of £55per bed annual letting fee, £70 per bed internal apartment annual wear and tear costs (this charge can vary), £25 per bed marketing fee (this fee can vary). EPC Rating D

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Date History Details
03/11/2017 Property listed at £235,000

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Disclaimer

Disclaimer Property reference A58EF7ED1869E0_323. Details are provided and maintained by Cherish Property. Nethouseprices.com makes no warranty as to the accuracy or completeness of aforementioned details.

This property is marketed by

Cherish Property, Stockport

Assetz House, Newby Road

Stockport

Cheshire

SK7 5DA

Telephone: See phone number 0161 482 7781

Arrange Viewing Arrange Viewing with Agent

Disclaimer

Disclaimer Property reference A58EF7ED1869E0_323. Details are provided and maintained by Cherish Property. Nethouseprices.com makes no warranty as to the accuracy or completeness of aforementioned details.

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This property is marketed by

Cherish Property, Stockport

Assetz House, Newby Road

Stockport

Cheshire

SK7 5DA

Telephone: See phone number 0161 482 7781

Arrange Viewing Arrange Viewing with Agent

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