If so you could be in the market for a 10% + yield and your own block of apartments in the centre of Sheffield. I know Sheffield well and it's a good spot on the edge of the City centre near Waitrose.
If you bought this gleaming glass tower, it would definitely be a case of landlord envy from your mates.
Details are:
Velocity Tower, 10 St Mary's Gate, Sheffield S1 4LR
160 apartments (60 studios, 80 x 1 bedroom and 20 x 2 bedrooms) subject to 143 ASTs 5 office suites and approximately 71 car parking spaces
Potential to develop a further 80 apartments and a 126 bedroom aparthotel
Total current rent reserved - £1,094,160 pa - 10.4% GIY
ERV - £1,224,000 pa - 11.6% GIY
Freehold
Offers invited in excess of £10,500,000
James Wilson
Email: james.wilson@allsop.co.uk
Tel: 0113 236 6679
Michael Gorman
Email: michael.gorman@allsop.co.uk
Tel: 0113 236 6683
Tim Gladwin
Email: tim.gladwin@allsop.co.uk
Tel: 020 7344 2632
Landlord insurance - instant quote
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