Sold
Sheffield – Recently converted opportunity comprising 48 apartments in Sheffield City Centre, let to students and professionals
Chapel House Apartments, Fargate, Sheffield, S1 2PD
Offers in excess of £6,100,000
- Property Types:
- Residential, Student
- Sub Types:
- Block of Flats, Conversion to Residential, Investment, Multiple Flats, Student Accommodation
- Tenure:
- Long Leasehold
Description
- Long Leasehold (245 years unexpired)
- Newly completed conversion, comprising 48 apartments, arranged as:
- 23 x studio apartments
- 2 x one bed apartments
- 16 x 2 bed apartments
- 7 x three bed apartments
- Finished to a very high quality throughout
- Prime location in Sheffield City Centre, on Fargate, on of the city’s principle shopping streets
- Lettings are underway for the 2021/22 Academic Year, with strong demand for apartments from students and professionals
- Estimated Rental Income (ERV): £560,040 per annum
- An asking price offer of £6,100,000 (Six Million one Hundred Thousand Pounds) reflects a gross yield of 9.18% (based upon the ERV)
Subject to contract