Description:

Tenure: Leasehold

Newbank House Dual-Use Studios
For Investment Purposes ONLY
Luxury residential development in the heart of Sheffield, the development consists of a selection of beautifully renovated studios and 1-bedroom apartments, each furnished to the highest of standards. Newbank House is due for completion in time for the September 2015 intake of students.

Newbank House is located less than half a mile from both The University of Sheffield and Sheffield Hallam. This ideal location caters to all students who want to live in the heart of the thriving city as it is minutes away from shops, restaurants and bars.

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Students and Residents will also have access to a range of communal facilities including a TV/cinema room, gymnasium, entertainment lounge, laundry, bike storage and communal lounge.

Property Overview

TV/Cinema Room
Gymnasium
Entertainment Lounge
Laundry Room
Secure Bicycle Storage
Coffee & Juice Bar
Games Room

Distance to Local Amenities

Sheffield University & The Uni of Sheffield Jessops – 7 Minute Walk
Sheffield Hallam Uni & Sheffield International College – 8 Minute Walk
Millennium Museum – 4 Minute Walk
Crucible Theatre – 5 Minute Walk
London – 3 Hrs 29 Minute Drive

Sheffield

As a city Sheffield has moved on from only being famous as the steel capital of the world. It is now known for its friendly atmosphere and low crime statistics, its strong economy and high employment rates. Having gone through an extensive redevelopment over the past decade and a half, its GVA increased by over 60% from 1997 to 2007 to £9.2billion and is still on the rise.

Yet Sheffield also caters for an impressive amount of foreign students. Out of a grand total of 63,000 the University of Sheffield and Sheffield Hallam educate over 11,000 international students, which according to the University of Sheffield are worth £120m per year to the local economy.

Student Property Market

LSL estimated that an investor in student accommodation can expect, on average, over 7% as a rental yield. And this figure shows no signs in decreasing anytime soon, in fact, according to Knight Frank "2014 will see increased rental growth, sharpening yields and improved investment performance for existing funds." - A positive quotation, backed up by facts.

The longevity of student accommodation has already been proven by its success during the economic downturn.

It produced positive rental growth. And with UCAS applications and acceptances increasing every year, more students are leaving for university but not having anywhere to live.



Great Location within Sheffield City Centre
8% Net Rental Income
Bright and Spacious Studios and Apartments
Dual Use – Ideal for Students & Young Professionals
Wealth of Facilities including: Cinema Room, Gymnasium & Bike Storage
On Site Reception
Managed by Fortis Student Lettings