An incredible development in one of the UK’s best investment cities, Velocity Tower in Sheffield city centre.

 

Completing in Q1 2024, this is a unique opportunity to be earning rental returns as soon as the new year. In a city with over 60,000 students and a 41% graduate retention rate, rental demand will be high. 

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Investment Overview

• Prime location in Sheffield city centre. 

• University city with 60,000 students.

• 21 storey tower.

• Studio, 1 and 2-beds available.

• Completion: Q1 2024.

• Car park spaces available GBP 10,000

• End-to-end investment experience.

• Studio apartments from £148,000. 

• 1 bedroom apartments from £156,495.

• 2 bedroom apartments from £272,416.

• High in demand amenities including lounge, private meeting room & co-working space. 

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Payment plan

• £5,000 deposit

• 20% on exchange

• Balance on completion Jan 2024

 

As investor demand is already high, we recommend that you contact us at your earliest convenience to discuss any questions you may have.

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The New Vision Of Velocity Tower

Velocity Tower was acquired with a vision to elevate the standard of urban living Sheffield. With its premium location next to the Inner Ring Road in Sheffield City Centre, Velocity Tower has undergone an extensive refurbishment process and revision of its management process, re-positioning Velocity Tower as a residential hotspot in the city. 

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In one of the most sought-after locations in Sheffield, Velocity Tower provides easy access to the city's commodities, including shopping centres, dining venues, transportation, universities and city parks. 

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Apartment Features: 

• 169 apartments (studio, one and two bed).

• 21 storeys.

• Modern spacious apartments. 

• Floor to ceiling windows.

• Fully integrated kitchens and bathrooms. 

• Off-plan kitchen living. 

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Amenities and Facilities: 

• Resident lounges.

• Co-working space. 

• Games area with pool table. 

• Private meeting room. 

• Vending machines. 

• Reception & concierge. 

• Latest security fob system. 

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Sheffield Fast Facts: 

Population: 746,000 (+6,000 since 2022). 

Region: South Yorkshire (Northern England).

Student population: 60,000+ (including Russell Group, The University of Sheffield). 

Graduate retention rate: 40% of graduates stay in Sheffield. 

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High Yield Investment: 

Sheffield real estate has seen steady growth over the last five years, with experts predicting that development will continue over the next five years at over 20%. Yet Sheffield's property prices remain affordable. 

• Rents are up 9% annually in Sheffield. 

• Rental yields of 6% predicted. 

• According to data by Hometrack & Zoopla, Sheffield was named one of the best cities for investment 2023. 

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Why Sheffield?

1. Thriving Economy: Sheffield stands as a testament to economic resilience and growth. Boasting a diverse economy that has evolved from its industrial roots to a hub for innovation, Sheffield is a city on the rise. Key sectors include advanced manufacturing, technology, and healthcare, offering a stable and forward-thinking economic landscape for investors.

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2. Robust Population Growth: Investing in Sheffield means tapping into a city with a burgeoning population. As more people recognise the city's appeal, the demand for quality housing and commercial spaces continues to soar. Sheffield's strategic location, excellent amenities, and vibrant culture make it an attractive destination for residents and businesses alike.

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3. Strategic Location: Situated at the heart of the UK, Sheffield enjoys easy access to major cities, making it an ideal investment hub. With efficient transportation links, including road and rail networks, Sheffield's strategic location facilitates seamless connectivity to neighbouring cities. This accessibility enhances the city's appeal for commuters and businesses looking to establish a presence in a central location.

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4. Student Population and Educational Excellence: Home to world-class universities, including the prestigious University of Sheffield, the city attracts a significant student population. This demographic not only contributes to the cultural vibrancy of Sheffield but also creates a consistent demand for student accommodation. Investing in properties tailored to the student market can yield lucrative returns, thanks to the city's reputation for educational excellence.