Ideal investment opportunity - A luxury one bedroom apartment in the Q4 Development on Upper Allen Street, Sheffield. Sold with tenant in Situ.
Rental Income: £5820 per annum (achievable rent of £520pcm) Service Charge: £808 per annum (paid quarterly) Ground Rent: £300 per annum
Representing a Gross yield of 7.7% and a Net yield of 6.2%
The Q4 development offers lift and stairs at both ends of the scheme accessed off Upper Allen Street. A modern reception area and postal room is provided alongside one of the principal entrances. On entering your apartment you will be immediately struck by the rich, deep red Merbau flooring and the Japanese-style glass room dividers beckoning. With a swish of the hand, the well-planned double bedroom is revealed. When fully opened, the space dividers create a sense of space and optimise use.
Within the bedroom, additional glass sliding doors screen the ample fitted wardrobes featuring on one panel a wall to ceiling mirror, the reflective image from which enhances the ambience. Soft stone carpeting to the bedroom floor adds the finishing touches to this compact but carefully thought-out room. As an added bonus, the wardrobes and carpeting are included as standard.
Adjacent to the bedroom is a luxurious bathroom featuring fully-tiled walls and floor, brightly lit with recessed spot lights. A full room-width shower with frame-less glass screen, trendy towel ladder radiator, Villeroy & Boch porcelain, Grohe fittings and tiled recesses with a mirrored fronted cabinet, give a full 5 star image.
The hall conceals a built-in washer dryer and utility cupboard. Passing down the hallway and into the lounge, the wood flooring runs through to the full-height windows washing this contemporary and elegant room with light. Full or Juliet balconies are provided to most apartments. Attention to design detail oozes from the recessed kitchen; designer furniture in itself, concealing fridge, freezer, dishwasher, oven, hob and extractor.
Location Q4 commands an imposing position at the corner of Upper Allen Street and Brocco Street set in the heart of the St Vincents Quarter. The city's retail and business districts, the tram system and the University of Sheffields headquarters and academic facilities are all within five minutes walk.
EPC Rating C Council Tax Band A
Contact Cherish Property to arrange a viewing appointment / further information.
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Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.
Total annual consumption (in cubic meters) is then averaged into a monthly cost.
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The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.
Full information on Council Tax discount entitlements can be found on the Gov.UK's website.