Printworks – Sheffield, UK

All Properties,The UK

Features

  • 24 Hour Security
  • Cinema
  • Fully furnished
  • Gymnasium

Printworks provides a luxurious residential living experience in a central, stylish area of Sheffield, just a five minute walk from the universities.

 

Overview

The City of Sheffield is a popular destination for both young professionals and students: home to two first rate universities, and witnessing a transformation in recent years from northern industrial hub to one of the UK’s most desirable and cosmopolitan cities.

The Sheffield student population continues to grow, yet the sector remains significantly undersupplied with quality purpose-built accommodation. Printworks’ high specification build and prime location ensures demand for units will be high from both tenants and investors alike.

With a total student population of more than 60,000, Sheffield recently topped a list of university towns and cities that could benefit from more student residential living.

The universities in Sheffield are only able to provide university owned accommodation to a relatively small proportion of students. With just 11,369 bedrooms available to more than 46,890 full time students, a massive 76% are left looking for accommodation in the private sector or living at home.

This demonstrates a clear opportunity for the provision of purpose-built student accommodation within the city, particularly for Sheffield’s expanding international student population, who are driving the demand for luxury student rentals.

 

Development

Printworks is a purpose-built residential hub in a prime location. Its six floors provide excellent social and communal facilities, including a cinema, gymnasium and IT suite, plus all the facilities and utilities you would expect from a high specification residential development.

Accommodation comprises 151 studios and 9 two bed apartments. All units are en-suite, have their own kitchen, dining and study areas, and make clever use of space with quality fixtures and fittings.

The flats come fully furnished and include electrical appliances, bedding, crockery, cutlery and bathroom accessories: perfect for tenants to just arrive, unpack and unwind.

Phase I (floors two to five) has been completed and released for sale with Phase II expected to be ready in December 2014. The project is scheduled for completion in January 2016.

Printworks is the latest project from Noble Design and Build, experienced and proven developers with a reputation for thoughtful, quality builds since 2001.

 

Financials

Key highlights:

  • Purchase from £59,995
  • Assured net rental from 9% for 3 years
  • Estimated capital uplift of 5%pa
  • Flexible exit strategy

Investment Example:

Unit No518
TypeStudio
Purchase£62,995
Gross annual income£7,650
Maintenance£1,200
Management fees£400
Ground rent£300
Net income£5,750
Net yield (3 years)£9.2%

Stage Payments:

Option One:

  1. Deposit of £2500 with reservation form
  2. 75% balance (including deposit) on exchange of contracts within 28 days
  3. Remaining balance due on completion of building in January 2016
  4. 5% interest will be paid on exchange of monies paid

Option Two:

  1. Deposit of £2500 with reservation form
  2. 40% of balance (including deposit) on exchange of contracts within 28 days
  3. 35% of balance on roof level construction. 25% on competion in January 2016
  4. No interest on deposit funds

 

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Location

 

 

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