I Quarter, Sheffield

Opportunity to purchase a
Apartment
in
Yorkshire
with the potential to generate a gross yield of
5
%
£
95,095
Apartment

INITIAL INVESTMENT

£25000

GROSS YIELD

5%
Name(Required)
Reason for your enquiry

I Quarter, Sheffield

TENANCY

Vacant

TENURE

Freehold

FURNISHED

Not Furnished

GROSS RENTAL YIELD

5%

INTIAL INVESTMENT

£25000

I Quarter Riverside is a spectacular 17 storey curved glass tower overlooking the River Don in the heart of Sheffield city centre, consisting of a stunning collection of 123 Superbly designed high specification apartments within a vibrant new retail and leisure quarter, with riverside restaurants, bars and outdoor terraces.

Built in 2009 the apartments are completed and fully tenanted with high demand being situated in the heart of Sheffield city centre, 5 minutes from the high street and all the attractions. Fabrik Invest have secured an exclusivity on 31 apartments which the developer retained in their portfolio and have now decided to sell, consisting of a mix of Studios, One- and Two-bedroom apartments.

Sheffield was originally known as the Steel City and is famous for its many inventions that fuelled the industrial revolution. These days it is known more for its service led economy and it is estimated that over 240,000 people work in Sheffield in approximately 20,000 businesses, of which more than 80% are in the service sector.  The city is home to some significant businesses such as HSBC, Aviva, and Rolls Royce among many others. It is fair to say that the city has transformed from its manufacturing roots into a creative, vibrant, and inventive city, which is recognised globally for both design and engineering.

Sheffield is the UK’s most centrally located city, benefitting from the nearby M1 motorway and being found 150 miles north of London, 32 miles south of Leeds and 37 miles east of Manchester.

Key Points:

  • Studio Bedroom Apartments from £95,095
  • Large One Bedroom Apartments from £175,450
  • Two Bedroom Apartments from £159,380
  • Invest from as little as £25,000
  • Total of 31 completed apartments.
  • Unfurnished and some furnished – Furniture packs range from £4K-7K
  • £5,000 reservation deposit, 10% deposit to exchange, 90% balance at completion of works
  • Both long term (6% yields) and short term lets allowed (10% yields)
  • Potential of 151% return on capital invested over 5 years if mortgaged at 75% (short term lets)
  • Within minutes of Sheffield’s two largest regeneration zones
  • 15% increase in Sheffield population by 2039
  • Huge employers in Sheffield, HSBC, Toshiba, Rolls Royce, McLaren, Boeing
  • 40,000 homes needed by 2038
  • highest rates of annual house price inflation in the UK, at 4.7% year-on-year
  • Population of 518,090
  • £31 billion economic output per year
  • 8,5% house price growth year to date *Zoopla latest housing report.
  • Sheffield Hallam University retains 42% of their graduates
  • £1.3 billion investment programme
  • 900% increase in Sheffield city centre population in the past 20 years
  • Walking distance to city centre
  • 14% projected increase in retail spend from Heart of the City II
  • £550 million plan for Heart of the City II
  • First phase of West Bar Square to deliver office space for 1,800 workers
  • £15.8 million awarded by Future High Streets Fund for Fargate revamp

 

*All information correct at time of publish.

I Quarter, Sheffield

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[email protected]

+44 (0)203 826 6506

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Reason for your enquiry