Sovereign House in Sheffield

Investment Summary

Sovereign House is located in the centre of Sheffield less than half a mile from both The University of Sheffield & Sheffield Hallam.

 

This ideal location caters to all students and young professionals who want to live in the heart of the thriving city as it is minutes away from shops, restaurants and bars. Comprised of 178 studios, this conversion from an office block to high quality student accommodation is expected to be completed by July 2015, in plenty of time for the year’s influx of students.

 

Each studio will be furnished to the highest of standards. Students will also have access to a range of communal facilities including a TV/cinema room, gymnasium, entertainment lounge, laundry, bike storage and communal lounge.

 

The site has been granted residential planning permission which opens this up to house young professionals, city workers, students and post grads.

 

Investment Highlights;

 

  • Assured NET rental yield of circa 8.72% for the first 2 years

  • Built and managed by Fortis Students

  • 63,000+ students studying in Sheffield

  • Built by an experienced developer of student property

  • Completion in time for September 2015 intake

  • Two highly ranked universities within 10 minutes’ walk (including Russell Group rated University of Sheffield)

 

Example Investment

 

Investment - £64,995

Weekly rent - £140pw

Maintenance fee - £1,285

Management fee - £428

Annual NET return - £5,426 (8.35%)

 

The Developer

 

Fortis Developments is a UK property development company. Fortis prides itself on setting the standards for investment student and residential developments throughout the UK.

 

The company has delivered 800 student investment properties since its establishment in September 2012. The rental periods for the UK student market accentuates the company’s ability to deliver key projects on time.

 

The success in the student market has propelled the organisation into the residential development with the first development due to be released in October 2014 and the second in January 2015.

 

Our investment properties are subject to thorough and intense market deliberation. Key locations are chosen which are likely to see high rental demand and house price index (hpi) increases.

 

Past & Current Opportunities through Fortis include;

 

Chronical House, Chester - NEW LAUNCH

Burgess House, Newcastle - 50% of units SOLD

Minerva House, Nottingham - SOLD OUT

Dunn House, Sunderland - SOLD OUT

Robert Owen House, Glasgow - SOLD OUT

Bard House, Nottingham - SOLD OUT

St Andrews, Glasgow - SOLD OUT

Devonshire House, Birmingham – SOLD OUT

Merebank, Liverpool – SOLD OUT

 

Management

 

Fortis Student Living are one of the fastest growing student accommodation providers in the UK, creating highly sought after developments that feature all the facilities required by today’s fast growing student population.

 

Centrally located in key university cities nationwide, all our sites are developed and refurbished to the highest of standards. We offer students a choice of either single or double self-contained studio rooms, all come fitted with a modern kitchen, en-suite bathroom, plus essential items such as lamps, chairs, tables and wardrobes.

 

When you need a break from studying, students have access to a great range of communal facilities including lounge areas, entertainment rooms, and fully-equipped gymnasiums. We also provide laundry facilities, high-speed broadband, 24 hour remote monitoring and CCTV.

 

University Information;

 

University Of Sheffield - http://www.sheffield.ac.uk/

No of students -  26,000+ (Wikipedia)

 

Sheffield Hallam - http://www.shu.ac.uk/

No of students - 37,000+ (Wikipedia)

 

What Next?

 

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, Price List, Floor Plans.

Details on the Assured Rental.

 

If you wish to reserve online please request the Reservation form by email! Please ask us any questions you may have!

 

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