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MapStudio for sale
Queen Street, South Yorkshire S1
Auction
Studio
1 bath
236 sq ft / 22 sq m
EPC rating: D
Key information
Tenure: Leasehold | 239 yrs left
Ground rent: £283.50 per annum | review period: unconfirmed
Service charge: £2,781.72 per annum
Council tax: Band A
Features and description
- Tenure: Leasehold (239 years remaining)
- Year 1 roi 12.11%
- Year 2 roi 14.98%
- Smart double studio
- En suite shower room
- Generates £630 pcm
- Auction End Date:
- Wednesday, 9th Apr 2025 at 11:30 AM
- Register to bid on iamsold.co.uk
- For sale by modern method of auction
- Reservation fees will apply
BIDS BEING TAKEN NOW - Auction End Date:
Wednesday, 9th Apr 2025 at 11:30 AM
Welcome to Sovereign House, we have for sale an exceptional opportunity to own a smart double studio apartment in the heart of Sheffield. This modern and stylish studio is being sold via the modern method of auction. Whether you’re looking for a comfortable place to live or a lucrative investment opportunity, this apartment is perfectly suited to meet your needs.
Key Features:
Location: Sovereign House, Sheffield
Type: Double Studio Apartment
Rental Income: £630PCM
Furnished: Yes, sold as seen
YEAR 1 ROI 12.11%
YEAR 2 ROI 14.98%
Amenities for Residents:
Residents of Sovereign House enjoy a wide range of on-site amenities designed to enhance the quality of life and provide convenience:
Gym: Fully equipped fitness centre to help you stay active and healthy.
Cinema Room: Enjoy movie nights with friends and neighbours in the dedicated cinema room.
Laundry Facilities: Convenient on-site laundry services.
Bike Store: Secure storage for bicycles.
Reception: Welcoming reception area for residents and guests.
Post Room: Dedicated space for receiving and collecting mail.
Accommodation Details:
The apartment is designed to offer an optimal living experience with the following layout:
Open Plan Living/Kitchen/Bedroom: A spacious and well-lit area that maximizes space and functionality, featuring modern furnishings and appliances.
En-suite Shower Room: A private and stylish bathroom with contemporary fixtures.
Auction Details:
This property is being sold via the modern method of auction, providing a transparent and efficient process for all interested buyers.
* 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 £349 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 most cases.
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Wednesday, 9th Apr 2025 at 11:30 AM
Welcome to Sovereign House, we have for sale an exceptional opportunity to own a smart double studio apartment in the heart of Sheffield. This modern and stylish studio is being sold via the modern method of auction. Whether you’re looking for a comfortable place to live or a lucrative investment opportunity, this apartment is perfectly suited to meet your needs.
Key Features:
Location: Sovereign House, Sheffield
Type: Double Studio Apartment
Rental Income: £630PCM
Furnished: Yes, sold as seen
YEAR 1 ROI 12.11%
YEAR 2 ROI 14.98%
Amenities for Residents:
Residents of Sovereign House enjoy a wide range of on-site amenities designed to enhance the quality of life and provide convenience:
Gym: Fully equipped fitness centre to help you stay active and healthy.
Cinema Room: Enjoy movie nights with friends and neighbours in the dedicated cinema room.
Laundry Facilities: Convenient on-site laundry services.
Bike Store: Secure storage for bicycles.
Reception: Welcoming reception area for residents and guests.
Post Room: Dedicated space for receiving and collecting mail.
Accommodation Details:
The apartment is designed to offer an optimal living experience with the following layout:
Open Plan Living/Kitchen/Bedroom: A spacious and well-lit area that maximizes space and functionality, featuring modern furnishings and appliances.
En-suite Shower Room: A private and stylish bathroom with contemporary fixtures.
Auction Details:
This property is being sold via the modern method of auction, providing a transparent and efficient process for all interested buyers.
* 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 £349 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 most cases.
SCI250104/2
Property information from this agent
About this agent
Reeds Rains has over 100 branches across the UK. Established in 1868 Reeds Rains has over 150 years of sales and lettings expertise. The network of local
high street branches pride themselves on their professionalism and their no nonsense approach to selling and letting property. Using the best traditional and
online methods Reeds Rains focusses on getting the job done.
high street branches pride themselves on their professionalism and their no nonsense approach to selling and letting property. Using the best traditional and
online methods Reeds Rains focusses on getting the job done.