Egerton House 50 Egerton Street, South Yorkshire, S1 4JX

Summary

4 STOREY PURPOSE BUILT STUDENT RESIDENCE, CONSTRUCTED 2000

Location

The property is situated at 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: 8 letting rooms, kitchen, two shower room/bathrooms, separate toilets, communal bike store.

First Floor: 9 letting rooms, two shower rooms, kitchen.

Second Floor: 10 letting rooms, two shower rooms, kitchen.

Third Floor: 10 letting rooms, two shower rooms, kitchen.

Outside: parking areas.

Tenure

The property is believed to be freehold, although the deeds have not been examined.

Tenancy Details

All of the rooms are offered on a 44 week basis, 36 at £89.00 per week, and 1 at £85.00 per week. The rents are inclusive of heat, light, broadband etc, and the gross annual income is therefore £144,716 when fully let. This does not include any income from the car parking which is currently let separately, and producing £5,000 per annum. In previous years it has been possible to let for several weeks over the Summer period.

Price

On application.

Energy Performance Certificate

Ground Floor: C73.

First Floor: C79.

Second Floor: C80.

Third Floor: C72.

Nomination agreement with Sheffield Hallam University.

Potential for further uplift in income by letting over the Summer, and car parking.

Currently 92% let and producing £133,144 per annum gross.