Cornwall Works Phase 2, Kelham Island, Sheffield

Investment Summary

 Cornwall Works Phase 2, Kelham Island, Sheffield

A stunning new development in Sheffield’s vibrant Kelham Island Quarter - the perfect location for high quality, city living. Cornwall Works, located in the historic and beautiful Kelham Island ‘urban village’ of Sheffield, is the latest project from seasoned developers, Firestone. This is actually the second phase of Cornwall Works! The first phase has proven extremely successful and is fully built and 100% tenanted.

This development comprises 48 self-contained luxury studio and 1 bedroom apartments. Built to the highest specification this 2nd phase of Cornwall Works is perfectly suited to meet the demands of today's competitive rental market.

 Location

TRAINS - Sheffield has extensive rail links to all major UK cities. Manchester is less than an hour by train and London is just 2 hours and 4 minutes away. Trains run from Sheffield to London every hour, and up to three times per hour to and from Manchester.

ROADS - Sheffield is connected to the national motorway network via the M1 and M18 motorways. The M1 skirts the north-east of the city, linking Sheffield with London.

AIRPORTS - Manchester Airport is an hour’s journey away by car, and just over an hour by train. This major international airports the largest outside London and provides direct flights to over 220 destinations worldwide - more than any other UK airport.

The Management Team

Belvoir recently won the title of Best Lettings Franchise at the Lettings Agency of the Year 2014 in association with The Sunday Times and the Times. In 2012 Belvoir became the first residential lettings agency to launch on the AIM of the London Stock Exchange. Belvoir has numerous of offices throughout the UK and an ambitious acquisition programme is underway, which means many more offices are scheduled to open in the next few months.

 

 Key Investment Highlights

  • Prices starting from just £89,995

  • 8% Net rental assurance for 3 years

  • Investor friendly payment plan, 35% on exchange 65% on completion

  • 42 Studio's and 1 bed apartments

  • Prices below com parables in local area

  • Phase 1 already complete and tenanted

  • No ground rent, management fees or service charges to be paid for the first 3 years

  • Spacious studios from just £89,995

  • 48 self-contained studios and 1 beds

  • Part of the Northern Power House Initiative

  • Sheffield is home to two world class unis with over 65,000 students

  • Completion Q3 2019

  • Opportunity to own high-spec apartments in Sheffield’s hottest new Quarter

  • Fully hands-off investment, managed by established UK operator

 WHY INVEST IN SHEFFIELD

Sheffield is an economic powerhouse in the north of England, attracting businesses globally with a high employment rate, and excellent accessibility and connectivity. Around 2.1 million people live within a 60 minute commute of the city where growing key sectors include the creative and digital industries, low-carbon, and healthcare technologies.

The city center has undergone a radical transformation in recent years and offers a vibrant and cosmopolitan experience that rivals any European city.

 

Over 65,000 students study at Sheffield’s two universities, including more than 7,000 international students. The city recently topped a list of university towns and cities that could benefit from more student accommodation: the universities are only able to provide 11,369 bedrooms to more than 46,890 full-time students, leaving a massive 76% looking for accommodation in the private rented sector.

The naturally growing population and international student growth are key driving forces behind demand for quality purpose-built accommodation and, with no cap on the numbers who can study in the UK, Knight Frank forecasts this amount will increase by 15-20% over the next five years.

 Next Step?

For detailed information on this investment please contact us by filling out the form below or calling us +44 (0)203 432 5474 We can send you:​

  • Brochure

  • Availability

  • Floor plans

  • Draft contracts

  • If you wish to reserve online please request the reservation form.

  • Please ask us any questions that you may have!

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