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Newbank House is the second phase development of the successful Sovereign house student development. It has undergone an extensive refurbishment and provides 250 apartments to cater for the demand of students who desire luxury accommodation in Sheffield.
Each spacious en-suite apartment is fully furnished and contains a fitted kitchenette and a dedicated study area. In addition, free WiFi is provided to all residents and all bills are inclusive! Also provided for all residents are top of the range communal areas such as laundry facilities, an entertainment room (including sky TV), a games room and a fully equipped state-of-the-art gymnasium!
Sheffield is recognised by the Times Higher Education Survey as the number one city in the UK for student satisfaction and all of the cities bars, restaurants, clubs and other nightlife destinations are within walking distance for residents.
Gross rent: £5,320 Ground rent: £100 Service charge: £1,600 Lettings fees: £638 Net income: £2,982 Gross yield: 12.52% Net yield: 7.02%
Important Note To Purchasers
*Service charge, management fee and ground rent are included as part of the assured rental period. These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
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