Oxford Street, Crookesmoor, Sheffield, S6 3FG

Overview

CALLING ALL INVESTORS!
Hunters Crookes have this excellent opportunity to acquire this bedsit with en-suite within one of Sheffield's newest student residences, only half a mile from Sheffield University. This fantastic 'hands-off' opportunity is currently let at approx £99 per week (Inclusive of £15 for utilities). At this level the property will provide a yield of 11%.
Only the bedroom is available, the communal areas are owned by the Management Company.
Tenure: Leasehold
Lease Years Remaining: 989
Ground Rent: £250 per year
Service Charge: £15 per year
*CASH OFFERS* *IDEAL INVESTMENT*
Hunters Crookes have this excellent opportunity to acquire this bedsit within one of Sheffield's newest student residences only half a mile from Sheffield University.
Ground Floor -
Communal Entrance - Having stairs to the upper ground floor.
On The Upper Ground Floor -
Communal Landing -
Entrance Lobby And Hall - Having access to each of the bedrooms and communal kitchen and living area.
Bedroom - 2.79 x 4.19 - Having a wood effect laminate floor
Work Area - 1.08 x 2.69 - Having a wood effect laminate floor and a aluminium double glazed window.
Shower Room/W.C. - The ensuite has a corner shower cubicle with mains shower, pedestal wash hand basin and a push button low flush w.c. There is an electric towel radiator and an electric extractor fan. The walls are tiled to the shower and splash back area.
Communal Kitchen & Lounge - The communal lounge and kitchen has a seating and dining area together with an 'L' shaped worktop to the kitchen with matching wall cupboards.
General Remarks - Only the bedroom and en-suite are for sale. The communal kitchen an lounge belong to the Management Company. There are photographs and descriptions to outline the accommodation available to the students.
Tenure - The current rental income is approx £99 per week which includes water, electric and broadband. The tenants are responsible for the T.V. licence. There is a fixed management company who charge 12% + VAT.
We understand that the apartments are leasehold on a 999 years lease from 1/1/2012 at a ground rent of £250 per annum.
Central Heating And Double Gla - The property has the benefit of electric heating with panel heaters and the windows throughout are aluminium framed sealed unit double glazed replacement units.