Property description

Luxury Property Investment Offering a 7% Net Return for 5 Years
Taray Towers is a brand new luxury apartment block comprising of just 45 exclusive one and two bedroom apartments spread out over 4 floors. The development benefits from a central location, situated just 200 metres from the main Supertram stop, giving direct access in minutes to the City Centre; perfect for professionals and students alike searching for the very best accommodation with the best the city has to offer. Not only is Sheffield the UK's 4th largest and most centrally located city, benefitting from excellent transport links (road, air and rail), multi-billion pound regeneration and regional hub status, but is also one of the UK's safest cities, making Sheffield a premier place to invest. Rental returns are guaranteed at 7% NET per year for the next five years; far exceeding typical yields of 5.3% for residential buy-to-let properties in the UK, with Knight Frank predicting that this type of bespoke property investment is set to continue to be strong in the future.
Purchase Highlights
• Unique Opportunity: 45 buy-to-let one and two bedroom residential apartments
• Fully Furnished: Delivered key ready
• High Yielding: 7% NET Returns for 5 years
• Hassle-free: Fully managed by experienced firm
• Excellent Location: Just moments from the town centre, business park and universities
• Experienced Development Team
Apartment Specification
Video entry internet based to the development and individual apartments
Superfast high speed fibre optic broadband cabling technology
Superfast Wifi
Terrestrial and satellite TV throughout the apartment
Beautifully hand crafted luxury kitchens with granite style surfaces and tile splash backs
Full range of integrated high end kitchen appliances - oven, hob, extractor, microwave, fridge freezer, washer/dryer
Luxury floor coverings combining Italian designer tiling, exclusive wood finishes and exclusive carpeting
Fully furnished option if required
Building Specification
Over 75% saving on fuel bills against traditional apartment buildings
Lower and stabilized building energy costs and zero building maintenance costs to reduce management charges
Utilising energy efficient, low carbon, renewable technologies
Logix insulation technologies to ensure the luxury apartments are the most thermally efficient in the UK
Triple glazing for increased energy savings
Recycling and filtration of ventilation, incorporating heat recovery systems, to all apartments for a low cost cleaner environment
Biomass heating system throughout the development to guarantee low energy costs for 10 years
NHBC/LABC/Premier build warranty and guarantee
What property types are available?
There are 2 types of apartment available for investment:
One Bedroom Apartments (Belgravia, Regency and Kensington) - 364 sq.ft to 554 sq.ft 
Two Bedroom Apartment (Mayfair) 641 sq.ft to 857 sq.ft
Are there any maintenance costs involved?
There are two costs; Ground rent and Service charge. These are charged per annum and are as follows:
One Bedroom Apartments - £250 Ground Rent and £1,400 Service Charge per annum
Two Bedroom Apartments: £250 Ground Rent and £1,500 Service Charge per annum
How much are the units?
One Bedroom Apartments - From £100,900 (including furniture) 
Two Bedroom Apartments - From £132,990 (including furniture)
How long is the lease?
The lease is 175 years from January 2015
What is the purchase process?
1.Purchaser selects their desired unit and completes a reservation form
2.Purchaser pays £3,000 reservation deposit
3.Exchange of contracts within 28 days after reservation
4.Upon exchange of contract pay 50% of the agreed purchase price (minus the £3,000 reservation fee)
5.3 Months after reservation pay an instalment of 25%
6.Upon completion of the build pay the remaining 25%

Property Features :

• Luxury New Development
• Great Investment Opportunity Offering a 7% Net Rental Return for 5 Years
• Energy Efficient Building
• Prices From £100,900 including furniture
• 175 Year Lease