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Royal Riverside, 60 Priestley Street, Sheffield, S2 4DD 

 Â£61,500

  High-spec Studio Apartments

  • 9% Net Rental Yield

  • 5 Year Rental Guarantee

  • 1st Year Paid On Completion

Exterior

Exterior

Living Area

Living Area

Lounge

Lounge

Gym

Gym

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OVERVIEW

Royal Riverside is a luxurious new student development in the heart of Sheffield. The development comprises of 132 high-spec studio units, a GYM, games room and 17 car park spaces. The location of the development could not be better for students at both Sheffield Hallam University and the University of Sheffield as you can see on the map below.

 

The experienced developer, Golden Sands Developments Ltd have already started the groundworks for the build and have set a completion date of Q3 2016. Investors will benefit from a 9% net rental yield, guaranteed for 2 years, with the first year paid in advance on build completion. For those investors that prefer a longer rental guarantee, there is the option to take the 5 year rental guarantee. The only drawback of this is that investors will not receive the first years income on completion. 4% interest is also being offered to investors up until the build completion date.

 

With an award winning management company and a flexible payment plan in place, Royal Riverside is expected to endure a very large amount of interest. Therefore we recommend all investors to enquire early and get the best pick of the available units.

 

 

 

KEY FEATURES

  • Luxury studio apartments from just £61,500

  • 9% Net rental yield guaranteed for 2 or 5 years

  • Fully furnished

  • Fully managed

  • 1st Year paid on build completion

  • Q3 2016 build completion

  • Proven Developer

  • 4% Interest paid on all deposited funds

  • Close to both Universities in Sheffield

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PAYMENT PLAN

Step 1: £500 Reservation fee

Step 2: £3,000 Reservation deposit

Step 3: 40% of the unit price payable on exchange of contracts (Approximately 21 days)

Step 4: 30% of the unit price in a further 6 months

Step 5: Remaining 30% due on build completion

LOCATION

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