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Metro Apartments Sheffield

Metro Apartments Sheffield

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Investment highlights

Price  £62,500     Bedrooms  1     Bathrooms  1

Return  9.2%

No of years investment is for  5

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‘Boutique’ student accommodation is a phrase coined to represent accommodation for the discerning student who does not want to compromise on standards of living while at university. The end user varies but represents a bias towards the affluent, international, postgraduate or mature student. WIth the move towards post-pay university education and £9,000 fees, in the short-medium term there has been a significant rise in demand for ‘boutique’ student accommodation. Historically, student accommodation has been provided by privately owned three/ four bedroom houses or by student halls, neither of which maintain the standard of living many new/returning students are accustomed to. We have identified a niche in the student accommodation market to provide a higher level of fit-out and amenities. th floor First to fourth floor Prices Luxury En-Suite Room £62,500 9.2% Guaranteed Rental Yield (for 1 year) Luxury En-Suite Room £64,500 9.3% Guaranteed Rental Yield (for 1 year) 1 Bedroom En-Suite Student Room Purchase Price £62,500 Gross Annual Income £5,760 Maintenance & Management £940 Ground Rent £120 NET Income £4,700 Gross Yield 9.2% NET Yield 7.5% 1 Bedroom Superior Room Purchase Price £64,500 Gross Annual Income £6,000 Maintenance & Management £980 Ground Rent £120 NET Income £4,900 Gross Yield 9.3% NET Yield 7.6% £6,000 £4,900 £99,273 3% Conservative Purchase Price £64,500 Gross Rental Per Annum Expenses £1,100 NET Rental Per Annum Return on Investment (Capital Growth plus Income) 5% Expected 7% Buoyant £6,000 £4,900 £106,820 £64,500 £1,100 £6,000 £4,900 £114,965 £64,500 £1,100 Based over a 5 year term Conservative scenario is calculated with a compounded 3% capital growth and a commercial sector rental growth of 1% Expected scenario is calculated with a compounded 5% capital growth and a student accommodation rental growth of 5% Buoyant scenario is calculated with a compounded 7%

Property details

Consisting of 80 rooms with en-suite bathrooms Arranged over 7 floors in clusters of 2, 5 and 6 With communal lounges and kitchens Lift and communal areas including garden Bin and bike store Finished to a high standard Fully fitted furniture and ready to rent Ideally situated close to the tram stop of Infirmary Road and local shops In a good area with neighbouring residential buildings Built to a very high standard with eco friendly central heating Latest fire and safety regulations Already largely let out for 2018/19 Completed Jan 2018 this is a ready to go investment Superb asset class with high returns. Student rooms with en-suite shower room Built in bed, cupboard, shelving and desk State of the art shared kitchens and lounges Lounge areas with TV, dining tables and Juliet balcony Laundry faciilities High speed internet CCTV and entry phone system Close to city centre and the universities

Purchase process

Once your unit has been selected, you will need to complete a reservation form, attach a copy of your passport and send these to the appropriate sales representative. Once you have done this you will need to arrange payment of the £2,500 deposit. Once you have paid your deposit the developer’s lawyers will send your chosen lawyer a contract pack, to enable them to raise enquiries about the development on your behalf. The first instalment will be made on exchange of contracts which will take place 28 days following the issue of the contract pack to your conveyancer. At this stage you will be required to sign and return your contracts. If you are overseas, alternative arrangements can be made by appointing your solicitor to act as your Power of Attorney. After you have exchanged contracts you will receive a welcome letter from the developer which will explain the future services they will provide and include all contract details. Exchange and complete within 28 days

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