Located in the Castlegate quarter of Sheffield city centre, Alexandra House is a beautiful period building, offering fully furnished luxury studios to discerning Sheffield students. With just 25 luxury studios, it’s not as social as some of our other student schemes, but it is ideal for those wanting a quieter environment.
This unit offers investors the opportunity to purchase a completed student property, which is a genuine hands free investment. Fully managed by Primo Property Management, Alexandra House generated a net rental income of £3,289.00 last year.
Alexandra House - Unit Information
Studio 1 - 19 square metre student studio for sale - £47,000.00
Tenanted for the next academic year 2017-2018
Fully managed, hands free investment opportunity
10 Minutes’ walk to Sheffield Halam University
Close proximity to city centre shops and restaurants
Estimated ongoing yield of 6.69 % net per annum
Alexandra House - Broken Down
44 weeks x £110 per week = £4840.00 gross per annum
Minus Lettings Fees = 8% plus VAT = £464.64
Minus ESTIMATED Service Charge = £1,231.00 per annum
Total Net Income Per Annum = £3144.36 paid quarterly
Ground rent £175.00 per annum
Alexandra House - Location Details
Just a short walk from Sheffield Hallam City Centre Campus, the Alexandra House development automatically benefits from the considerable demand for student rental accommodation throughout the city centre district. With approximately 70,000 full time students currently studying in Sheffield, the city is widely acknowledged as being one of the UK's leading student destinations.
£2,000.00 reservation fee (fully refundable up to completion)
Balance on completion
Cash purchase only
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