Property Detail

Forward Funding Student Housing & Apartment Complex Development Project in Sheffield, Freehold

Forward Funding Student Housing & Apartment Complex Development Project in Sheffield, Freehold

Property type: student housing and apartment complex
The proposed portfolio is a development opportunity

Tenure: freehold

Location: Sheffield, UK

• Sheffield has a population of just under 600,000, of which 70,000 are students with two of the UK's largest world ranking universities, such as in Sheffield and Hallam
• good connections to Sheffield University and the City Centre

Completion: 2022

Current condition:
• main design and build contractor has been appointed on a fixed price / program and specification
• pile foundations have been currently completed after the site was demolished and cleared last year

Unit capacity:
• Student Housing: 663 bedrooms
• Apartment Complex: 260 units

Tenancy: Experienced Lease / Management Company in place on long-term contract (15+ years)

Purchase price: 84,000,000 GBP

(+ closing costs)

Net Rental Income: 4,900,000 GBP per annum
(+ indexation linked to inflation)

Projected Net Yield (after closing costs): 5.5%

Forward Funding

Extra opportunities:

Student housing and apartment complex can be purchased separately.

Property Contact

If you are interested in this property and would like to receive more detailed information, please get in touch using the enquiry form below and a company representative will contact you shortly.

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http://www.brantstone.com/property/development-project-in-uk-02133597 02133597 Forward Funding Student Housing & Apartment Complex Development Project in Sheffield, Freehold