English Living
Residential Market
NEXT GENERATION RIVERSIDE ASSISTED LIVING APARTMENTS
LAUNCHED IN SHEFFIELD
Leading International Off-Plan Property Consultancy, LH1 Global, in partnership with The Investment Room and Yale Housing Association, has launched a collection of 40 stylish apartments at Riverside Court, Sheffield, a dedicated Assisted Living development that will cater for individuals with mental health conditions and learning disabilities.
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Priced from £182,000, the apartments are available to private investors seeking a hassle-free ethical investment, which provides a net rental income of 10% per annum over a 25-year period, whilst delivering crucial specialist accommodation for the local community.
Completed in 2022 by developer The Investment Room, each apartment within Riverside Court has been finished to the highest standard, with hardwood flooring, noise reducing double glazed windows, built in kitchen appliances and spacious bathrooms.
As part of the tenancy agreement with Yale Housing Association, all apartments are fully furnished to include beds, sofas, tables and chairs, as well as ample storage provisions.
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Yale Housing Association will manage the Assisted Living tenancies at Riverside Court which will offer safe, supportive and sustainable accommodation for adults who are unable to live independently due to complex needs and require personalised care and support from a dedicated professional team.
The Yale Housing Association team will ensure each individual residing at Riverside Court is able to develop and progress with their own independence and learn skills that will benefit them moving forward.
The benefits to investors financing this specialist development, include:
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10% Net Yield on original investment
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Annual, upward only rent reviews linked to CPI
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25-year FRI lease – No break clause
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Fully insured and maintained across the term of the lease
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No void periods, maintenance costs, management fees, service charges or ground rent for the term of the lease
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Rayna Hunter CEO of LH1 Global, commented: “Riverside Court is a fantastic ethical investment opportunity that will allow private investors to contribute much-needed Assisted Living accommodation in the city of Sheffield. In this day and age where ethics are playing a greater role in investors’ decision making this development will help support those in need, whilst still providing an attractive Return on Investment.”
Julie Thompson, CEO of Yale Housing Association, said: There is a critical need for this type of housing across the UK and sadly the sector has been mismanaged for decades, which has led to inadequate or ineffective accommodation built that is now causing more problems than solutions. We are incredibly grateful to our partners at The Investment Room and LH1 Global to deliver this fantastic collection of homes at Riverside Court that will have a truly positive impact on our tenants.”
Lee Jones, Founder and CEO of The Investment Room, added: “As a responsible property developer, it is important to us as a business to support the requirements in this sector however we possibly can. We chose Yale as their passion to provide a “best in class” service to vulnerable people truly resonated with us and we want to make a real difference with the accommodation provided at Riverside Court.
“LH1 Global were the obvious choice to launch this product to the private investor audience on an international level. With offices in the UK and UAE, their global reach is the largest in the industry and they have the same passion as we do to support this fantastic project.”
Riverside Court enjoys a prominent position overlooking the River Don in Sheffield’s West Bar district. A progressive and innovative city, known for its two universities and history as the birthplace of Stainless Steel, Sheffield has one of the UK’s best performing property markets, with average prices rising by 11% in the past 12 months, whilst apartment values are up 6% in the same period.
Prices at Riverside Court start from £182,000, for further information contact LH1 Global on Tel: 0207 129 7900 or Email: info@LH1.Global
