£156,495 Having knowledge of the purchase price allows you to calculate the overall expense incurred in acquiring the property. Read our glossary page
VELOCITY TOWER, St Mary's Gate, Sheffield, S1
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About this property

  • • Studio, 1 and 2-beds available
  • • 169 Premium Apartments
  • • 21 Storey Tower
  • • Starting price: GBP £156,495
  • • Completion: Q1 2024
  • • Service Charge: £3.42 PSQFT per year (inclusive of buildings insurance)
  • • Leasehold: 999 years
  • • Predicted 6.4% - 7.2% gross yield
  • • Amenity rich development including residents lounge, private meeting rooms and co-working spaces
  • • University city with 60,000 students

Council Tax A fee submitted to your local authority to cover expenses related to local amenities such as schools, libraries, and waste management. The payment amount is determined based on the property's value. Read our glossary page :  

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Tenure Explains the various forms of property ownership, including freehold, leasehold, and commonhold, and how they determine your rights and responsibilities as a property owner. Read our glossary page :  

Leasehold

Ground Rent A recurring payment issued by the tenant to the landlord or property management firm. Read our glossary page

£0.0

Ground Rent Review Period When will your ground rent be assessed and how frequently will it be reviewed. Read our glossary page

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Annual Service Charge An estate's shared area expenses, such as building insurance, lighting, cleaning, and maintenance, are typically covered by a periodic payment that is commonly made on a yearly basis. Read our glossary page

£0.0

Length of Lease The duration of time you have acquired the leasehold, or the right to reside in a property. Read our glossary page

999

Velocity Tower was acquired with a vision to elevate the standard of urban living in 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 within the city.

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


Floorplan

Map

Train stations

Train station Sheffield  (0.7 miles)
Train station Darnall  (2.8 miles)
Train station Dore & Totley  (3.5 miles)
Train station Meadowhall  (4.0 miles)
Train station Woodhouse  (5.0 miles)

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Tenant Info for VELOCITY TOWER, St Mary's Gate, Sheffield, S1