Queen Street, Sheffield S1

Property Details: - Type: Apartment - Bedrooms: 1 - Bathrooms: 1

Agent: Reeds Rains - Sheffield Phone: 0114 488 5068

Third Floor Studio Apartment – For Sale by the Modern Method of Auction<br/>Investment Opportunity<br/><br/>An excellent opportunity to acquire a third-floor studio apartment within the popular New Bank House development in Sheffield. Offered for sale by the Modern Method of Auction, this property is ideal for investors seeking a ready-made student accommodation investment. Our client is a motivated seller and wishes to exit the marketplace swiftly, presenting a compelling opportunity for buyers looking for a quick acquisition.<br/><br/>Property Overview<br/>The accommodation comprises a well-designed open plan living arrangement, thoughtfully configured to maximise space and functionality. The studio includes:<br/><br/>Open plan living / bedroom / kitchen area<br/>Fitted bed<br/>Fitted desk and study area<br/>Compact kitchenette<br/>En-suite shower room<br/><br/>The layout is tailored for student living, providing a practical and low-maintenance space that appeals strongly to the rental market.<br/><br/>Development Information<br/>New Bank House is a purpose-built student and city professionals accommodation development, managed by Xenia, ensuring the building is well maintained and operated to a high standard. The management structure provides peace of mind for investors, with communal areas and building services overseen by experienced professionals.<br/><br/>Lettings for this particular unit are handled by Student FM, offering dedicated management tailored specifically to student accommodation. This arrangement helps streamline tenant sourcing, rent collection, and day-to-day management, making the investment largely hands-off.<br/><br/>On-Site Amenities<br/>Residents at New Bank House benefit from a range of amenities designed to enhance the student living experience, which may include:<br/><br/>Secure entry system<br/>On-site management<br/>Communal social areas<br/>Laundry facilities<br/>Lift access to all floors<br/>Bike storage (subject to availability)<br/>High-speed internet (subject to provider/package)<br/><br/>These features help maintain strong tenant demand and support consistent occupancy levels.<br/><br/>Location<br/>Situated in Sheffield city centre, New Bank House is ideally positioned for access to local universities, transport links, shopping facilities, and leisure amenities. The location is highly attractive to students and young professionals alike, contributing to the property’s investment appeal.<br/><br/>Why This Represents a Great Investment<br/>Motivated seller – potential for competitive purchase price<br/>Offered via Modern Method of Auction<br/>Purpose-built student accommodation<br/>Managed development by Xenia<br/>Lettings handled by Student FM<br/>Low-maintenance studio layout<br/>Strong student rental demand in Sheffield<br/>Hands-off management structure<br/>City centre location<br/>Ideal addition to a property investment portfolio<br/>Tenure & Auction Information<br/><br/>This property is offered for sale by the Modern Method of Auction. Buyers are advised to review all auction terms and conditions prior to bidding. The Modern Method of Auction provides a transparent buying process with a fixed timeframe for completion.<br/><br/>Enquiries<br/>For further information or to register your interest in the auction, please contact the selling agent today.<br/><br/>* AUCTION TERMS *<br/><br/>This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 77 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd).<br/><br/>If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent information on the Buyer Information Pack fee, please contact the iamsold team.<br/><br/>The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.<br/><br/>Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT. These services are optional.<br/><br/><br/> <b>IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:</b> We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases. <br/><br/>SCI260140/2