Trippet Court in Sheffield ticks all the boxes in 2020 for investors and students alike. On schedule to complete for this academic year it offers investors assured rental income from Q4 2020. All 63 en-suite apartments are well-designed, fully-furnished and fully managed and let on the investors behalf. En-suites will have a secure fob access system, CCTV, Wi-Fi throughout.
Priced at a low-entry level for Sheffield this investment offers a high sustainable annual yield of 8% net / £5,196 net. Moreover, investors have the opportunity to purchase the apartment with an assured buy back at 110%, meaning you can call on the developer to buy your investment back with 10% uplift in year 6 – guaranteed.
Student occupants will have access to a number of communal areas including dining areas, a laundry, cycle store and a communal kitchen, which is finished to a very high standard with high gloss units. This is a fully managed investment opportunity, with all properties available on a 250-year leasehold basis.
The location of Trippet Court is in high demand due to the city centre location and being at a central point between both universities that collectively home 60,000 students. The University of Sheffield is ranked 78th in the QS World University Rankings 2020. This Russell Group University is one of the top 100 Universities in the world and 12th in the UK, which brings huge international student appeal.
Sited just a short distance from both Sheffield Hallam University (13-minute walk) and the University of Sheffield (10-minute walk), the location of this property is ideal for the student community. The mainline train station is a 16-minute walk away and the city centre is just a 2-minute walk away. This prime location means that residents can make the most of the wide variety of facilities that the city and surrounding areas have to offer.
There has been a substantial increase in the 20-24 age bracket due to a large increase in the number of students at the University of Sheffield and Sheffield Hallam University. Both universities have also experienced an increase in international students, further increasing the city’s younger population.
Sheffield is a city full of character; from the stunning architecture, eclectic street art, and beautiful rural landscapes, this South Yorkshire city has been dubbed one of the greatest cities in the UK. It is the principal administrative centre within South Yorkshire. Bordering Derbyshire, the Peak District, and the Pennines it is located approximately 56 km (35 miles) to the south of Leeds, 67 km (42 miles) east of Manchester and 270 km (168 miles) north of London.
In the city centre, the Millennium Gallery shows metalwork and art from Sheffield and around the world. It adjoins the Winter Garden, a large temperate glasshouse filled with plants. Kelham Island Museum offers an insight into the city’s industrial heritage.
- Fully furnished student en-suite apartments for £64,950
- Completes ready for this Sept./Oct.2020 in-take
- Assured 8% net annual rental income
- Assured fixed rental income of £5,196
- Assured by the developer for 5 years – till 2026
- 110% Buy Back in year 6 (optional for investor)
- Cash Purchase only
- Prime city centre location and central to both universities
- 10 – 13-minute walk to either of the universities
- Good developer track record