Overview

PEARL WORKS, HOWARD LANE, SHEFFIELD, S1 2FT

Hunters are pleased to bring to market a portfolio of 7 Studio apartments available for investment, the apartments are conveniently located a stones throw away from the Sheffield Hallam University City Campus on Arundel Gate. They are also well positioned for access to Sheffield Train Station and the heart of the city and would make an ideal investment for someone looking to add to their property portfolio. Available as single purchase or multiple purchasers these are not to be missed, currently generating £130 or £133 PW per apartment Incl. utilities or 10.4% gross if purchased for the asking price.

Each Studio has a living area, with kitchenette that comprises a range of wall and base units with a stainless steel sink unit, 2 ring electric hobs, microwave ovens and an under counter fridge. There is also a built-in wardrobe and fitted desk unit & double bed. While apartments 101 to 106 have en suite shower rooms with a W.C, wash hand basin and walk in shower and apartments 107 & 207 have walk in wet rooms with a W.C and wash hand basin. Peal works also has a pay as you go laundry room and a mini supermarket to the ground floor.

OVERVIEW OF APARTMENT RENTS
Apartment 101 - £ 130.00 per week
Apartment 102 - £ 130.00 per week
Apartment 103 - £ 130.00 per week
Apartment 104 - £ 130.00 per week
Apartment 106 - £ 130.00 per week
Apartment 107 - £ 133.00 per week
Apartment 207 - £ 133.00 per week

SERVICE CHARGES
£ 1,133.78 for apartments 101 to 106

£1,327.52 for apartments 107 & 207

GROUND RENT
£650.00 per property annually

Lease length 200 years from 2013.