Newbank House, Queen Street, Sheffield

Apartment 302 (Two Bedroom Apartment) – Sovereign Newbank House, Sheffield – An Overview

A rare opportunity to acquire a fully managed city centre apartment in the hugely popular Newbank House development in Sheffield city centre. This modern, fully furnished two-bedroom apartment is ideally positioned for strong tenant demand, offering a hands-off investment with immediate income.

Key to the appeal of this large two-bedroom apartment will be the new leaseholder-led ‘Right To Manage’ company which means that whilst the building is fully managed by StudentFM, the RTM retain overall control. This offers investors the opportunity for operational cost savings in the future as new service charge budgets are set.

Property Details
– Fully self-contained, spacious two-bedroom apartment
– Fully furnished to a high standard
– Private ensuite bathroom
– Student and residential lettings
– Professionally managed by one of the UK’s leading property management companies

Investment Summary
– Asking Price: £75,000
– Monthly Rental Income: £1,000.00
– Annual Rental Income: £12,000 (based on 12 months)
– Leaseholder-led ‘Right To Manage’ control

Annual Costs
– Management Fees: £1,224.00
– Service Charge: £4,391
– Ground Rent: £381.48
– Total Annual Costs: £5,996.48

Net Income & Yield
– Net Annual Income: £6,003.52
– Net Yield: 8%
– A strong double-digit return, making this an attractive addition to any property portfolio.

Lettings and Property Management
Managed by Student Facilities Management, one of the UK’s leading student property management companies, this unit offers investors a genuinely hands free investment opportunity. StudentFM not only look after the day to day running of the building, but are also responsible for finding and onboarding new tenants and rental payments both from the tenants and to the landlords.

Location
Situated on Queen Street, the property benefits from a central location within Sheffield, a thriving university city with a large and consistent student population. The development is within easy reach of both universities, transport links, retail, and leisure amenities.

Why Invest in Sheffield?
– Home to two major universities with over 60,000 students
– Consistent demand for quality student accommodation
– Ongoing regeneration and economic growth
– Attractive yields compared to other UK cities

Key Highlights
– High-yielding city centre investment
– Fully managed – hands-off ownership
– Prime city centre location
– Turnkey investment with tenancy in place
– Affordable entry price point