Summary
3 STOREY STUDENT RESIDENCE, FULLY LET FOR THE CURRENT YEAR
Location
Situated near the junction of Headford Street with Egerton Street, in an area which has seen substantial redevelopment over recent years. It is within walking distance of the City Centre and within the Inner Ring Road. There is easy access to both Sheffield University, and Sheffield Hallam University.
Accommodation
Ground Floor: Three large bedrooms, communal living area/kitchen, bathroom/WC.
First Floor: Five large bedrooms, shower room/WC.
Second Floor: Four good sized bedrooms, shower/WC, communal kitchen/living area.
Outside: Laundry room, and three car parking spaces.
Approximate Net Internal Floor Areas:
Ground Floor – 72.41 sq m, 779.4 sq ft.
First Floor – 71.8 sq m, 772.85 sq ft.
Second Floor – 72.79 sq m, 783.49 sq ft.
Planning
The property enjoys permanent planning consent for its existing use, and complies with all relevant regulations.
There is scope to extend the building to the side, if required, although this would be subject to a planning application.
Tenure
The property is believed to be freehold, although the deeds have not been examined.
Tenancy Details
All rooms are let for the current academic year on a 44 week basis, at £89 per week inclusive of heat, light, broadband etc. The gross annual income is therefore £46,992, and in addition there is a further £1,500 for the car spaces. The total is therefore £48,492, with scope for further improvement by letting over the Summer.
Price
£450,000.
Gross annual income, £48,492.
Nomination agreement with Sheffield Hallam University.
Potential for further uplift by letting over the Summer.
Sale includes all fittings.
Twelve bedrooms.
Listed Features
- Heating
- Parking
- Showers
