Studio for sale

Alexandra House, 1 Castle Gate, Sheffield S3

Alexandra House, 1 Castle Gate, Sheffield, S3 8Le

**please note! Due to the size and lease restrictions on purpose-built student accommodation, this property is not eligible for a mortgage and can only be bought as an investment property - cash buyers only need apply!

Alexandra House is a modern student development located in Sheffield. It is the perfect home for the city's growing population of working professionals and students in their second / third years of study as the university campus is unable to cater for everyone, putting developments like Alexandra House in large demand!

Located near the centre of the city and just a 4 minute walk to Sheffield Train Station, Alexandra House is close to all the university buildings and amenities that students could need.

Residents will also have the use of in-house laundry facilities, a common room, a study room and a residents-only gym. Free Wi-Fi is provided to all residents and bills are also included.

Sheffield is recognised by the Times Higher Education Survey as the number one city in the UK for student satisfaction and all the cities bars, restaurants, clubs and other nightlife destinations are within walking distance of the development.

Financial Breakdown

Gross Rent: £6,240.00
Net income: £2,494.40
Gross yield: 17.83%
Net yield: 7.13%
Please contact agent for full financial breakdown.

Important note to purchasers: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-05560