Priestley House represents a stable and robust investment opportunity: it is a fully tenanted complete building and current market rents in Sheffield will deliver ASSURED net yields of around 7% on the purchase prices.
- Newly completed 5-storey building
- 7% assured net rental
- 130 student apartments.
- Convenient location less than 10 minutes' walk from Sheffield railway station, Sheffield Hallam University, and the City Centre
- Offered for sale with 250 years' leasehold.
The City of Sheffield is a popular destination for students and young professionals: home to two first-rated universities, and witnessing a transformation in recent years from a northern industrial hub to one of the UK's most desirable and cosmopolitan cities.
The Sheffield student population continues to grow, yet the sector remains significantly undersupplied with quality purpose-built accommodation. Priestley House's high-specification build and prime location ensure demand for units will be high from both tenants and investors alike.
