Under Offer

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