Base Building, Sheffield City Centre, S1 with 7.8% Yield
Newly listed for sale located just off Division Street, is a one bedroom apartment in Base building for Â£100,000!
The property appears to be advertised for sale with vacant possession however it does look ready for tenants to move in immediately with adequate furnishings on offer. The property would do better to be sold tenanted, if a sale doesnâ€™t complete until after the peak summer period, this property may well be empty for some time if a tenancy is not secured before October at the latest.
This property could achieve up to Â£595pcm if offered on a fully furnished basis, with parking included you could top up the rent by letting the space for an additional Â£60pcm bringing your total income to an impressive Â£655pcm.
Base Building is very popular for students as it is within walking distance to both universities in Sheffield so void periods between tenancies are rare if available between July-September.
The yield even if purchased at asking price is an impressive 7.8%!Â
Properties with a yield on offer like this do not come by so often so itâ€™d be wise to view this quickly before another investor pips you to the post!