1 bedroom apartment for sale
Key information
Property description & features
- Tenure: Leasehold (245 years remaining)
- Gross yield 12.7%
- For sale by modern method of auction
- Reservation fees will apply
- AUCTION CLOSING DATE 19 07 2024 at 11:30
- Tenanted investment opportunity
- Tenanted until aug 2024
- Range of residents amenities on site
- Central location
- £10,003 rental income
Welcome to LG9 Nurtur House
Discover modern living at its finest in the heart of Sheffield. Welcome to LG9 Nurtur House, where contemporary design meets convenience in this vibrant city.
Investment Opportunity: GROSS YIELD 12.34%
This unit presents an excellent investment opportunity. Currently, tenanted until August 2024, Income is £10,003pa, it offers immediate rental income for savvy investors.
This is a student or key worker development and the letting has to be managed via Nurtur Student Living.
Moreover, with a starting bid of just £68,000 plus auction fees, it's an affordable entry point into the property market.
Location:
Situated on Allen Street, LG9 Nurtur House offers the perfect blend of urban living and accessibility. With easy access to transportation, shops, and entertainment, residents enjoy the best of Sheffield right at their doorstep.
Studio Apartment:
Step into a sleek and stylish studio apartment designed for modern living. Featuring open-plan layout, high-quality finishes, and ample natural light, each unit offers a comfortable retreat in the midst of the city buzz.
Amenities:
At LG9 Nurtur House, residents have access to an array of amenities designed to enhance their lifestyle. From a state-of-the-art gym to a relaxing cinema room, there's something for everyone. Whether you're looking to stay active, socialise, or unwind, the communal spaces cater to all your needs. Additionally, the games room and study area provide the perfect spaces for leisure or productivity.
Modern Method of Auction:
The unit is available for sale through the modern method of auction, offering a transparent and efficient process for buyers. Don't miss your chance to own a piece of LG9 Nurtur House and capitalize on this exciting investment opportunity.
Contact Us:
For more information or to schedule a viewing, contact our dedicated team today. Experience the epitome of modern living at LG9 Nurtur House and make this vibrant community your new home.
* AUCTION TERMS *
Auctioneer Comments This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change. Referral Arrangements The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.
IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in every case.
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Broadband availability and predicted speed: obtained from Ofcom on May 16, 2022
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Mobile phone signal availability and predicted strength: obtained from Ofcom on May 16, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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