Clifton Park View

 

We are delighted to bring to the market this high specification conversion in the heart of Rotherham. Just a mere 6 miles from the fast growing City of Sheffield and only 40 minutes from Leeds, Rotherham is one of those prime regeneration locations that are crying out for more accommodation but still at low purchase prices; in other words, an investor hot spot!  

 

What is very unique about this development is the size and character of the apartments. For instance, some of the Studio apartments are as large as 50sqm, with separated kitchens and bedroom spaces. Whilst the 1 Bedroom apartments have enough space in the lounge areas to be let out as a 2 bed on a short term let basis. Yet they have been priced extremely well as if they were standard studio and 1 bedroom apartments.

 

The lease itself allows for short term lets in the building, meaning that investors have the choice of the strong AST rental market in the area (Generating around 7.5% NET) or the ever growing short term let model (Generating as high as 12% NET). The developer has deliberately left the 11 apartments we have to sell to investors empty, so that you get the choice from day 1 as to how you wish to rent them out.

 

Development Highlights

 

11 apartments for sale

A conversion of a former Snooker Hall

5 One Bed’s & 6 studios 

One bed’s priced from £85k 

Studios priced from £68k 

Large regeneration plans in the area - £31.6million awarded to them in 2021 to help develop the area

An area which has seen huge growth these last few years – 13% in 2021 alone.  

6 miles to Sheffield / 30 miles from Leeds 

5-minute walk to the Train Station  

Located across the road from Rotherham University & Rotherham’s Medical Village – making it an ideal tenant pool location.  

10-minute drive from the Advanced Manufacturing Park, which consists of 40 large corporate companies such as: Airbus, McLaren, Rolls Royce & many more  

250-year lease  

£0 ground rent  

Service Charge only £650 per year  

White goods included (Fridge Freezer and Washer/Dryer) 

Recommended solicitor, Blakewells Solicitors, £1,400 + VAT and disbursements 

 

 

Watch our Development Overview Video: https://www.youtube.com/watch?v=sWjiLV4cdss