1 bedroom Studio flat in Sheffield

Apartment H, 227 St. Marys House, 11 London Road, Sheffield, S2 4LA
  • Lot No: 125
  • Property Type: Studio flat
  • Contract Type: Unconditional with Reservation fee
Nicholas Humphreys

Guide Price* £27,000+ plus fees

Property Description

We are delighted to bring this lucrative investment student POD in St Mary’s House to the market which is ideally located within the student hub of Sheffield Hallam University (City & Collegiate Campus) and the University of Sheffield. The property is conveniently situated within minutes’ walking distance to Sheffield City Centre, Moor Street, Devonshire Quarter, Sheffield Railway Station and busy London Road boasting cafes, international cuisine, supermarkets and much more. St Mary’s House is extremely popular with students and young working professionals as it offers luxury living, onsite private fitness suite, games room, onsite laundry facilities and bicycle storage. Sheffield makes for an ideal student investment as the city attracts local and international students to the universities located within a few minutes from St Mary’s House. PLEASE NOTE: Images shown are of a show POD and may not be representative of the property for sale

Note

Potential gross rent: £5,980 Ground rent: £ 300 Service charge: £1,200


Tenure

Leasehold


Conditions of Sale The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers prior to the auction and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to the auction. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.   The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.   A 5% deposit is payable on the fall of the gavel, subject to a minimum of £5,000.   *Guide Prices and Reserve Prices Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction. For a full definition of the Guide Price and the Reserve Price click here.   Energy Performance Certificates EPCs can be viewed in full in the lot information section at the top of this page or in the legal pack.    Unconditional Auction Method (with reservation fee) Contracts are exchanged on the fall of the hammer and a 5% deposit will be taken from the highest bidder. This deposit will contribute towards the purchase price.   Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash or cheque deposits. Remote bidding facilities are also available.   Auction Fees The sale of this lot is subject to a reservation fee of 4.8% including VAT or 4.2% including VAT for London (subject to a minimum of £6,000 including VAT). This does not contribute towards the purchase price and is payable on the fall of the hammer.     The Reservation fee represents a different set of charges to the regular auction lots. A reservation fee is payable by the buyer where a seller has opted to sell with no fees. However, as a result, a lower reserve price is usually agreed. The reservation fee does not contribute toward the purchase price.   The purchase of this property may include associated fees not listed here. Any additional fees will be confirmed in the legal pack which can be downloaded from our website from the lot information section above. Or to find out more about any additional fees associated with this property please contact the auction office.   The buyers administration fee does not apply to this property.