61 bed block of flats for sale Lock Street, Sheffield S6

This large building plot is situated in the highly sought-after area of Walkley, Sheffield. It comes with the benefit of full planning permission to construct 61 apartments (Ref. No: 18/00308/ful), making it an attractive proposition for developers. The groundwork has already commenced, providing a head start on this exciting project.The projected development value is in the region of £8 million, highlighting the lucrative potential of this site. Furthermore, once complete, the expected rental income stands at an impressive £55,000 per month. This offers a substantial opportunity for investors looking to expand their portfolio in a vibrant and thriving area.Walkley is known for its community feel and close proximity to Sheffield city centre. The area boasts excellent transport links, local amenities, and schools, making it a desirable location for future residents. Don't miss out on this rare chance to invest in a prime piece of real estate in Sheffield; contact us today to learn more about this unique opportunity.*A buyer's premium of 1% + VAT, (subject to a minimum of £2995 + VAT) of the agreed sale fee applies to this property. 25% of the total fee (a minimum of £995 + VAT) must be paid to secure the property and the remainder is payable upon exchange of contracts. Terms and conditions apply, please see the 'Buyer's Premium' page on our website for more information