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INVESTMENT summary PHASE 1 COMPLETED AND FULLY TENANTED Spacious studios from just 89,995 Impressive rental yields of 7.7% 48 self-contained studios and 1 beds priced at 17% below local comparables Part of the Northern Power House Initiative, Sheffield s affordable and high demand property market represents one the premier BTL hotspots in the UK today Sheffield is home to two world class universities with over 65,000 students Phase 1 completed and fully tenanted Completion Q3 2019 Low deposit, just 35% required prior to completion Zero service charge and management fees for years 1 & 2 Opportunity to own high-spec apartments in Sheffield s hottest new Quarter Fully hands-off investment, managed by established UK operator
introducing Cornwall Works 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 todays competitive rental market.
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 centre 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. Sheffield s Thriving Economy Jobs in the city increased by 22% between 1995 and 2008 With an economy bigger than some European countries, the Sheffield City Region is a significant financial power. The region is home to almost 1.8 million people and has an output of more than 24.7 billion per year.
A vibrant and CULTURED CITY Sheffield is a richly diverse, multicultural city that has earned its reputation for being one of the friendliest and safest in the UK. The UK s fourth largest city, Sheffield offers a unique blend of both urban lifestyle and rural retreat. The city has been going through something of an urban renaissance in recent years, making the most of its grand industrial heritage and architecture, and reinventing itself as a city of European significance. Sheffield has something for everyone: a vibrant pub and club culture; high street and boutique shopping; restaurants to suit all tastes; the largest theatre complex outside London; art galleries; iconic music venues; and sports facilities, including three climbing centres and the world s deepest diving pool. Yet a third of the city also lies within the beautiful Peak District National Park. This combination of an exciting, bustling, cosmopolitan city within an outstanding area of natural beauty makes Sheffield a truly unique and inspirational place to live, work and study. Part of the Northern Power House Initiative, Sheffield s affordable and high demand property market represents one one of the the premier BTL hotspots in the UK today
enjoy rental yields in excess of 7.7 7.5
PAY ZERO SERVICE CHARGE AND MANAGEMENT FEES FOR YEARS 1 AND 2 Investing in Sheffield s Buy-To-Let Market Sheffield is England's 4th largest city. It is an exciting and modern place, with a population of over 500,000. Sheffield City Centre offers buy-to-let investors the best returns in the UK, according to recent research conducted by Comparison website TotallyMoney.com across more than 2,600 postcodes. Low property prices, improvements to the city centre and high tenant demand due to population retention rates have clearly created the perfect conditions to make Sheffield a buy-to-let hotspot. According to Knight Frank, Sheffield s rental market is providing optimism for the city s property sector. Rental properties in Sheffield city centre are snapped up in an average of three days with up to five tenants vying for each available property. It is an excellent opportunity for private landlords to invest in a new property with such a high chance of finding a suitable tenant at short notice upon completion. With sensibly priced houses, flexible mortgages and the increasing price of rent, conditions are ideal for investment. Sheffield s attractiveness is no disadvantage and with changes across the city landscape including new homes, renovated buildings and commercial hubs, it s only going to become more popular. There is an influx of people moving to the city for work and students from the University of Sheffield and Sheffield Hallam University remaining in the city that they ve grown to love. It has an ever-developing commercial, cultural and arts scenes, and those who wish to live here but don t have the accessible funds to buy a home are turning to rented property. Knight Frank commented "Sheffield is at a massive advantage over other major northern cities, benefiting from its location, strength of the rental market and relative undersupply of city centre residential units. The strength of the rental market can also be attributed to the limited number of high quality centrally located schemes in Sheffield, especially when compared with other regional centres across the UK"
LIVING AND WORKING IN KELHAM ISLAND The Kelham Island Quarter has an edgy, dynamic SoHo feel about it, characterised by warehouses converted into high spec offices and apartments, artisan businesses and workshops, galleries, cafes, bars, restaurants and award winning pubs. Its riverside setting and central square further add to its charm. For ale connoisseurs, the Kelham Island Tavern is the only pub to have won the coveted CAMRA National Pub of the Year Award for two years running. Kelham Island s award winning pubs, The Fat Cat and the Kelham Island Tavern, were recently mentioned in the New York Times article 52 Places to Go in 2014. The area buzzes with energy and has fast become Sheffield s place to be, attracting young professionals, couples and also families who enjoy its vibrant sense of community. Kelham is a unique and exciting space in which to live, work and visit, so many don t feel the need to venture further! Yet it is well connected by excellent bus and tram links to the city centre, universities and local colleges. The Peak District National Park is also just a 10 minute drive away.
Centrally Located, Centrally Connected TRAINS Sheffield has extensive rail links to all Located at the heart of the UK, Sheffield has major UK cities. Manchester is less excellent transport links whether you are traveling than an hour by train and London is just by road, rail or air. 2 hours and 4 minutes away. Trains run from Sheffield to London every hour, Sheffield is the UK s most centrally located city and up to three times per hour to and region. It is at the hub of key road and rail networks from Manchester. and close to the major UK business centres of Manchester and Birmingham. 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 airport is the largest outside London and provides direct flights to over 220 destinations worldwide - more than any other UK airport. Sheffield will also benefit from the development of Northern Powerhouse Rail, which will reduce journey times to Leeds and Manchester to under 30 minutes manchester liverpool leeds SHEFFIELD LONDON
Cornwall Works location KELHAM ISLAND MUSEUM SOCIAL Kelham Island Quarter has all manner of cafes, gastro pubs, bars and breweries, which are thriving in what is quickly becoming a new student and young professional mecca. SHOPS Kelham Island has many unique points of interest reflecting its past, such as outlets for vintage clothes and handmade trinkets, and various artist studios and museums. TRANSPORT Sheffield s central location is of huge benefit when it comes to transportation. With the whole of the UK easily accessible via trains, roads and air transport. EDUCATION Home to over 63,000 students due to its 2 successful universities, Sheffield and more specifically the Kelham Island quarter is forging a name for itself as one of the trendiest places to live in the UK. THE UNIVERSITY OF SHEFFIELD 10 MIN WALK 15 MIN WALK O2 ACADEMY sheffield retail quarter 20 MIN WALK HALLAM UNIVERSITY
the management the developer Belvoir Lettings focuses on its core principles of professionalism and delivering exceptional customer service. They aim to constantly exceed their clients expectations. They enjoy a high standing within the lettings sector and by never losing sight of their core values Belvoir are the first choice for lettings in the UK. 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. Delivering developments that improve, develop and create positivity within their surroundings area is what drives Firestone. Knowing how the markets move and what investors need is what sets them apart. Firestone has forged strong relations with ambitious and talented companies at the forefront of the UK property industry. From sourcing the land through to completion, delivering exceptionally high levels of service and quality throughout the process. In 2012 Belvoir became the first residential lettings agency to launch on the AIM of the London Stock Exchange. Belvoir has numerous 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. We are able to maximise the potential of each site because we have a dedicated team of professionals whose talent, drive and meticulous attention to detail, enable us to design high-quality bespoke homes. Design & Details What sets their developments apart from the rest is level of interior design featuring furniture sourced from the top designers around the world, coupled with the highest quality finishes.
purchase process Reserve your unit with a 5,000 reservation deposit On exchange of contracts pay 35% (less 5000 from reservation deposit) The remaining 65% will be paid on completion ( please note, furniture pack payment will be due prior to completion) Rolling rental contract with 7.7% yields
ABOUT US Here at The Property Supplier we pride ourselves on supplying you the best property deals and investments. We have a dynamic team with an existing property background helping to build our clients portfolio. Part of our company ethos is increasing the wealth of our clients, while at the same time having certain measurements in place to ensure and maintain peace of mind. wwwthepropertysupplier.co.uk info@thepropertysupplier.co.uk UK Office- +44 (0) 1494 416196 Watlington Business Centre 1 High Street Watlington Oxfordshire OX49 5PH Hong Kong Office- +852 53034685 15 th Floor Soundwill Plaza 2 Midtown 1-29 Tang Lung Street Causeway Bay