We are please to present this luxury ensuite pod, which 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 fixed rental income of £6,480.00 per annum for three years. 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 - Investment Highlights
Total Cost of Property: £69,995.00
Contractually Assured Property Buy Back Value: £81,187.50 minus £69,995.00 = £11,192.00
Two Years Assured rental income of £6,480 x 1.75 (assured years remaining) = £11,340.00*
Total profit in two years = £22,532.00
Net return of = 32.19% over two years or 16.02% per annum
*Remaining assured rental figure correct as of 9th November 2016.
|St Marys House||20 square metres||-||£69,995.00||Enquire|
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