Lot
032
Auction Ends: 17/07/2024 11:30 - Bidding opens Tuesday 16th July 10:00 AM

Room 2, Flat 2, Heritage Hall, 200 Crookes Valley Road, Sheffield, South Yorkshire, S10 1BA

Property Details
Location
Description
OF INTEREST TO INVESTORS - A single student room being part of this impressive landmark building located a close walk from the main Sheffield University campus and Crookes Valley Park. The room is let by way of an Assured Shorthold tenancy at £411.67 pcm resulting in a gross annual income of £4,940.04pa with the buyer having the benefit of ongoing management with Cobourg. Taking into account the service charge and management fees, the net income gives a return in the region of 10%.
Location
The property is situated at the junction of Crookesmoor Road and Barber Road in what is considered to be Sheffield's main student letting area. The main University campus and related facilities are a short walk away as is Crookes Valley Park and shops on nearby Barber Road.
Tenure
Leasehold for 999 years from 1st January 2012 at an annual ground rent of £330.15
Service charge - £2,433.30pa
Tenancy

The room is let by way of a 6m  Assured Shorthold Tenancy dated 12th December 2023 at £411.67 pcm.

There is a provision that the buyer will continue to use the  managing agents, Cobourg with fee of 11% + VAT which includes rent collection, tenant communication, property ,maintenance coordination and handling of any issues that might arise during the tenancy period. (This is subject to performance and the unit being let).

Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
General
1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 16TH JULY AND CLOSES ON WEDNESDAY 17TH JULY.

3. Energy Performance Certificate = E.

Our Nearest Office

Sheffield 600x300

Sheffield

Joint Agent

Contact: Lewis Hughes

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