The Hub, Sheffield, Sheffield

  • £45,000 Entry Level
  • 10% Assured net rental
  • 125 Year Lease
  • 51 Week tenancies
  • Major University City
  • Less than 10 units remaining
  • Over 70,000 students in Sheffield
  • Fully managed by a company with a proven track record

Introduction

The Hub, Sheffield

The Hub, Sheffield will be a prestigious purpose built student hall development comprised of 71 en-suite student accommodations, in clusters with communal kitchens and lounges located on each floor. The residence will also contain a computer/media service centre, management office, and laundry facilities all purpose-built and decorated to a high-quality standard.

The units shall be decorated and furnished with carpet, blinds and light fixtures, a bed, wardrobe, workstation, internet connection and television to each room.

The proposed Management Company is CRM, a leading corporate property manager, and is the UK's leading independent student accommodation manager. CRM have been managing a range of residential accommodation for over 15 years, and now operate numerous quality sites located throughout the UK.

An assured 10% net initial yield return to investors in year one who purchase a pre release unit, fully furnished is on offer.  Typically from year 2 onwards investors can expect between 9-10% net rental return after management fees and potential rental voids.

What’s included?

  • 1 Bedroom En suite study apartment in small clusters
  • Bed (three quarter) with storage, wardrobe and work station
  • High speed internet connections in all rooms
  • CCTV and security entry system
  • State of the art shared Kitchen Diner in each cluster

Full planning permission has been granted, tenders are out for the build and construction is due to commence in October 2011 with completion estimated to be September 2012. With an assured return in the first year and the high demand for student accommodation within the area makes The Hub, Sheffield a compelling investment.

Location of The Hub, Sheffield

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