Lot 169 Studio Apartment Offering Prime Investment OpportunityAuction Date:
1st November 2024
Apartment 324, Nurtur House, 70 Allen Street, Sheffield, S3 7TB
Currently let at £9,000 per annum
This studio apartment is currently a student let, making it an attractive investment for landlords seeking a steady rental income.
Situated conveniently close to both Sheffield Hallam University and The University of Sheffield, the property is perfectly positioned to service anyone of the circa 65,000 students across both campuses. In addition to its prime location near the universities, the apartment is just a short distance from Sheffield Train Station, providing transport links to major cities such as London, Manchester, and Leeds.
Residents of Nurtur House also enjoy access to a range of on-site amenities, including a yoga studio, gym, roof terrace, courtyard garden, and communal areas, adding significant lifestyle value to the property. We have been advised by the joint auctioneer that the property currently produces a rental income of £9,000 per annum.
Ground Floor
Communal entrance with access rising to the third floor.
Third Floor
Kitchenette, shower room with W.C. and open plan living space incorporating the bedroom area.
Tenancy
We have been advised by the Seller that the rental income is £176 per week on a student let. Further information can be found within the legal pack at www.cliveemson.co.uk.
Auctioneer's Note
At the time of publication the Auctioneer's have been unable to inspect the property. These details have been provided by the seller and Joint Agent and interested applicants should rely on their own investigations to verify the information provided.
There is an addendum available to be read
in conjunction with the legal documentation.
Important
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.
* Price Information
Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).
We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
Additional Fees
An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.
All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to Buyers Fees
