We are please to present this luxury 17sqm studio will has become available on a resale basis. Recently completed, this spacious student unit is fully management and equipped to the highest standard. For investors, the studio will offer a rental income of £6,500.00 per annum. The rental income will be paid quarterly in arrears.
St Mary's House comprises 101 en-suite rooms and studio apartments over 2 floors. All rooms are fully furnished to a very high specification with bespoke bedroom furniture and wall mounted TVs.
The shared kitchen and living areas are fully integrated and finished to a very high specification with stainless steel appliances throughout. Within walking distance of Sheffield City Centre and the railway station. Also within walking distance of both the University of Sheffield and Sheffield Hallam.
Buy Back Option
The developer retains an option to buy back this unit in the fourth year after completion, at a fixed price of £81,187.00.
St Marys House - Investment Highlights
Net yearly income - £6500
Net yield 6.71%
Service charges £1200 per annum
Ground rent £295 per annum
Letting fees - £400 per annum
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