PRE LAUNCH RESERVATION OFFER TAKE ADVANTAGE OF FOR GBP1800 - The Hub, Sheffield will be a prestigious purpose built student hall development comprised of 71 en-suite student accommodations. 

In clusters with communal kitchens and lounges located on each floor, computer/media service centre, management office, and laundry facilities, all purpose-built and decorated to a high-quality standard.

At a national level, student accommodation is being reported as 'the UK's best sector' in property and the recently issued report not only quotes total returns last year for this sector as reaching 14.65% but states.

Student accommodation investment opportunity 
1 Bed Ensuite Student Room from GBP45,000
1 Bed Ensuite Superior Student Room from GBP48,000 
Free furniture pack including flat screen TV
Most Popular UK Student Destination 
Turn-key hassle free investment opportunity 

Investment Highlights

10% Net yields
Recession-proof investment in student accommodation in Sheffield
Knight Knox exclusive development
51 week tenancies                                                
4th largest UK city      
10% net rental guarantee                                         
Major University City
Turn-key hassle free investment opportunity                      
Over 70,000 students in Sheffield
Fully managed by a company with a proven track record                
Most Popular UK Student Destination 
About the development

The Hub, Sheffield will be a prestigious purpose built student hall development comprised of 71 en-suite student accommodations, in clusters with communal kitchens and lounges located on each floor, computer/media service centre, management office, and laundry facilities, all purpose-built and decorated to a high-quality standard.  The units shall be decorated and furnished with carpet, blinds and light fixtures, a bed, wardrobe, workstation, internet connection and television to each room.
 
At a national level, student accommodation is being reported as 'the UK's best sector' in property and the recently issued report not only quotes total returns last year for this sector as reaching 14.65% but states
 
”The student accommodation sector is now recognised as forming a critical component of a balanced investment portfolio.”
 
Demand
 
Purposes built ensuite student accommodation in clusters, close to the city centre are in great demand from today’s students

Location

Between Cross Bedford Street and Penistone Road, in an area called Norton in Sheffield. S6 3BQ
 
Sheffield University is 10 minutes walk (0.8 mile)
Sheffield Hallam is 20 minutes walk (1.1 miles)
City Centre 5 minutes walk (0.5 mile)
Meadow Hall Shopping Centre 5 minutes by tram (4 mile)
Leicester Bus Station 2 minutes walk (0.25 mile)
Sheffield Train Station 5 minutes by tram (2.4 mile)
Experienced Managers

The proposed Management Company is CRM, a leading corporate property manager, and is the UK's leading independent student accommodation manager. CRM have been managing a range of residential accommodation for over 15 years, and now operate numerous quality sites located throughout the UK.
 
Returns

On offer a guaranteed 10 % net initial yield return to investors in year one who purchase a pre release unit, fully furnished.

Typically from year 2 onwards investors can expect between 9-10% net rental return after management fees and potential rental voids.

Based on rental increasing at a rate of 7% per annum and an initial rent of  £106 pw for 51 weeks of the year, projected returns are as follows.

Development Scheme

Full planning permission has been granted, tenders are out for the build and construction is due to commence in October 2011 with completion estimated to be September 2012.

Investor Security

During the pre release period all reservation fees of £1800 to secure the units are fully refundable if for any reason the project does not proceed.

What’s included?

1 Bedroom En suite study apartment in small clusters
Bed (three quarter) with storage, wardrobe and work station
High speed internet connections in all rooms
CCTV and security entry system
State of the art shared Kitchen Diner in each cluster

Reservation procedure
 
Pre launch: reservations fee of £1800

Within 6 weeks: full reservation £5000

Exchange of contract within 28 days of full reservation: £20,000

Completion: balance

Closing costs / Legal fees will be approximately £600 + VAT

Completion date for this development will be September 2012

The first years rent will be payable quarterly in arrears

Further essential details

Maintenance fees will be around £800 per annum

Ground rent will be £120 per annum

Leasehold 125 years