Printworks, Hodgson Street, Sheffield, South Yorkshire. S3 7WQ
£61,950
Studio & 2 Bedroom Apartments
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9% Net rental yield
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3 year rental guarantee
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High-spec apartments
Printworks |
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OVERVIEW
Printworks provides a luxurious student and young professional living experience in a central and stylish area of Sheffield, just a five minute walk from the Universities.
The City of Sheffield is a popular destination for students, the home of two first rate universities, and witnessing a transformation in recent years from northern industrial hub, to one of the UK’s most desirable, and cosmopolitan cities. The Sheffield student population continues to grow, yet the sector remains significantly undersupplied with quality purpose-built accommodation.
Printworks’ high specification build, and prime location ensures demand for units will be high from both tenants and investors alike.
As an investment, Printworks offers both a high net rental yield and a suitable exit strategy, due to having the benefit of both student and residential planning.
The prices at the Printworks start from just £61,950, with an estimated capital uplift of 5% per annum, and an assured net rental of 9% for the first 3 years.
Although the completion date is set for Q3 2016, depending on the payment plan chosen, the developer is offering 5% interest paid on deposited funds.
We have also managed to negotiate a very impressive payment plan for the 2 bed units, with only 25% cash required on exchange of contracts and a 75% mortgage on completion.
KEY FEATURES
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151 High-spec studio apartments
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9% guaranteed yield for 3 years
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Fully furnished
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Student accommodation
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Close to both Universities
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All units have their own kitchen
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9 two bed apartments available
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Excellent onsite facilities
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Q3 2016 build completion
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Available from just £61,950
PAYMENT PLAN
Step 1: £500 Reservation fee
Step 2: £2,500 Reservation deposit
Step 3: 25% of the unit price payable on exchange of contracts (Approximately 21 days)
Step 4: Remaining 75% due on build completion