VISTA Sheffield, Sheffield’s latest addition to the PBSA market
Investors now have the opportunity to purchase a property within an impressive, high-end purpose-built student accommodation in Sheffield city centre, in the heart of Sheffield Hallam University campus.
Part of an impressive broader £220million regeneration project the development aims to offer facilities which enable a new way of learning, working and researching in Sheffield.
With over 60,000 students in the city, there is a strong demand for accommodation. Notably, in Sheffield there is a lack of modern purpose-built accommodation, there are currently no luxury options for students.
The demand for luxury student accommodation has grown in recent years as the number of international students choosing to study in the UK has increased – they now make up almost 20% of the total number of students.
International students are known to have a preference for high-quality self-contained accommodation seeking security and comfort whilst studying abroad. The UK government has predicted that the number of international students attending universities in the UK will increase by around 20% over the next 5 years.
Not only is the development ideally located for Sheffield Hallam University but the University of Sheffield, which is a member of the elite Russell Group and is ranked 13th in the UK out of around 150 higher education establishments in the country, is within walking distance, or a short bus trip away.
Key investment highlights
- City centre location next to Sheffield Hallam University
- 7.5% NET rental assurance for 5 years
- 24-hour security and reception
- Impressive onsite facilities including a fully equipped gym, coffee shop, dedicated group studying areas and quiet areas
Reservation and Payment terms
Reservation Deposit £5,000,
50% Deposit on exchange of contracts (minus reservation deposit) – 3% interest on deposit begins on exchange of contracts.
25% Payable 6 months after exchange
25% Due on completion (July 2022)