11 Marlborough Road comprises 14 recently refurbished apartments within a period building benefiting from modern extension. The refurbishment of the building was completed in 2021.
Each of the 14 apartments benefits from its own kitchen, WC and utility supplies. The building has been developed to an impeccably high standard with apartments targeting working professionals and students. The building is attractive to tenants due to its unbeaten locations adjacent to University buildings and Sheffield Hospitals.
Total rental income of £181,280 per annum.
There is potential for individual sales of units, with prices in the area ranging between £175,000 - £200,000 per unit for 1 bed apartments and prices for 2 bed apartments ranging between £250 - £275,000 per unit.
Terms
Quoting price £2,800,000 reflects a Net initial Yield of 6.08%,Allowing for purchaser costs of 6.43%