West One, Sheffield City Centre S1 with 6% Yield
A cracking Investment opportunity has arisen today at West One. Properties in this development are like gold dust to an investor! If you are a serious buyer looking to make a savvy investment I would advise you to book in for a viewing quickly as I do not expect this property to be on the market for long.
The property has no need for refurbishment and is likely to already be tenanted for the next academic year making this a ready-made investment.
The rental return on a property like this could be a staggering Â£7,800 annually however with such a high sale price, this does have a knock on effect to the yield bringing this down to a low 6%. That said however, this property is still likely to attract offers of near to Â£115,000 to Â£120,000 due to the reputation of the development alone. Â£130,000 is being ambitious!Â
The building has a reasonable service charge annually and you do see the management company maintaining the building on a regular basis so you can be assured that your money is well spent.
Iâ€™d strongly recommend you book in for a viewing, do your sums and get offering if a Sheffield city centre investment is what youâ€™re after!