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Investment Opportunity. 1, 2 & 3 Bedroom Apartments in Sheffield, U. K. From £83,400
£ 83400 £

Property Description

Investment Opportunity. 1, 2 & 3 Bedroom Apartments in Sheffield, U. K. From £83,400


We are delighted to announce the launch of a stunning residential development situated at the heart of Sheffield and a contemporary new home for the city’s young professionals.

The latest state-of-the-art addition to Sheffield’s ever-expanding skyline from renowned developers Noble Design & Build, Lightbox offers prime investment opportunities for landlord’s keen to capitalise on the city’s growing rental market.

Comprising 162 stunning one-bed, two-bed and studio apartments over four spacious levels, Lightbox answers the city’s growing demand for affordable luxury living, just a stone’s throw from Sheffield’s Universities, Royal Hallamshire Hospital, train station, restaurants and bars and is well-served by city centre shops and theatres

This off-plan investment opportunity is now being made available with a guaranteed 8% PA NET return for the first 3 years on a first-come, first-served basis.

Construction is due to commence May 2017, roof level construction by November 2017 and is estimated to complete July 2018. There are discounts of up to 17.5% based on the RICS valuations with prices starting from just £83,400.

A vibrant modern city.

Welcome to Sheffield 

Sheffield is England’s fourth-largest city and is an exciting and modern place with a population of over 560,000. It is one of the UK’s most popular destinations for students, playing host to over 60,000 domestic and overseas students, a high proportion of whom choose to stay, or return and settle in the city.

Sheffield has an international reputation for steel making. It was this industry that established it as one England’s main industrial cities during the 18th, 19th and 20th centuries. This industry used Sheffield’s unique combination of local iron, coal and water power supplied by the local rivers.

The steel industry now concentrates on more specialist steel-making and currently produces more steel per year by value than at any other time in its history. The industry has become highly automated and employs far fewer staff than in the past.

Around 240,000 people work in Sheffield in approximately 20,000 businesses. Sheffield has a thriving commercial centre with branches of some of the world’s most famous organisation located in the city (including IBM, Rolls Royce and Boeing).

The largest employers are now all public sector: the two universities, NHS, and national and local government employees. Private fee-paying international students are also a major source (£120m per year) of income to the local economy through the universities.


The presence of two high-ranking universities The University of Sheffield and Sheffield Hallam University and one of the largest further education colleges in the UK, means Sheffield has a distinctly youthful population throughout the year and, therefore, considerable rental demand from its high number of students and young professionals.

The University of Sheffield has over 28,000 students with 5,000 overseas students from 125 countries and is in the top 100 Universities in the world. It has been voted number one in the Russell Group and third best University nationally, with its Students’ Union voted best in the UK for the ninth year in a row by the Times Higher Education Student Experience Survey 2017.

Sheffield Hallam University has over 38,000 students on 775 courses. There are over 4,000 overseas students from 100 countries with 40% of their non – EU students coming from China and 27% for Malaysia. A fantastic 93% of their students are in employments within 6 months of graduation.

The Royal Hallamshire Hospital is a general and teaching hospital located in the city centre. It has links with both Sheffield Hallam University and The University of Sheffield with nursing, midwifery and professions allied to medicine being trained at the former, and doctors and dentists being taught at the latter.


Sheffield also boasts excellent road and rail connections to other parts of the country and a choice of easily accessible international airports. Robin Hood airport serves Sheffield and Doncaster and is just 25 miles away and offers flights to UK Cities, Europe and Worldwide. Manchester international airport is only 44 miles away and is easily reached by car or public transport.

In addition to buses, Sheffield boasts a comprehensive tram network called the Sheffield Supertram network. This has 3 lines and 48 stations.

Government is considering two station locations (Meadowhall or Sheffield city centre) for HS2, which will connect Sheffield with London faster by 2032. Sheffield has extensive railway links to all major UK cities and London is just over 2 hours away and Manchester airport just over an hour away.

City Centre Development 

The city has seen significant development activity in the last decade with many investors demonstrating confidence in Sheffield, which is now considered to be at

the fulcrum of the Northern Powerhouse, given devolved powers by the Government

to stimulate economic growth, and in the top 7% of 324 local authorities in England for inward investment (Sheffield Telegraph, October 2015).

There are currently over £1billion of major schemes underway in Sheffield, including

New Era Square, the city’s pioneering, £65million, 21st century ‘Chinese Quarter’.

The complex, due for completion in 2018 (and very close to the Lightbox development), will include retail units, offices and an exhibition hall surrounding a central, open-air public events space, as well as a ‘business incubator’ to enhance trade links between China and the UK.

Another major development nearing completion is St Paul’s Place, which signals the emergence of a new Business Quarter for Sheffield. Sitting between the Peace Gardens and the Winter Garden, St Paul’s Place is a vibrant mixed use development, consisting of offices, high quality leisure and retail, 300 luxury apartments and a 550-space multi-storey car park.

However, perhaps the largest scheme in development is the newly proposed Sheffield Retail Quarter. This innovative £480million project focusses on the areas

around Barker’s Pool, Pinstone Street and Moorhead, and merges with Sheffield’s

award-winning public realm and cultural assets – including The Crucible and

Lyceum theatres – and unites key retail areas from The Moor through to Fargate.

A place to have fun

Sheffield boasts an impressive range of facilities. The Crucible Theatre – referred to as The Crucible was built in 1971 and is famous for the world snooker championship.

The Sheffield Botanical Gardens with 5,000 species of plants in 19 acres of land. The gardens were designed by Robert Marnock and first opened in 1836

Sheffield’s impressive multi award-winning Winter Garden is one of the largest temperate glasshouses to be built in the UK during the last hundred years and has created a stunning green world with more than 2,500 plants from around the world.

For those looking for retail therapy – Sheffield boasts great city centre shops and the amazing out of town shopping centre at Meadowhall. Meadowhall is one of England’s biggest shopping venues with over 230 stores from top independent brands and 50 places to eat and drink.


  1. Sheffield Hallam University 5 min walk 
  2. University of Sheffield – 15 min walk
  3. Railway Station – 8 min walk 
  4. Shopping District – 2 min walk 
  5. Royal Hallamshire Hospital – 6 min bike
  6. Crucible Theatre – 8 mins walk 
  7. O2 Academy (Music Arena) – 8 min walk 
  8. Sheffield United Football stadium – 12 min walk 
  9. Airport Doncaster 25 miles/ 37 min by car
  10. Manchester Airport – 44 miles / 1 hr 15 mins by car

Affordable luxury living

The Development – Lightbox 

This is a landmark living space set right at the heart of Sheffield’s thriving creative hub, the Cultural Industries Quarter and is ideally located for city centre amenities being a short walk from Sheffield Rail Station, the Crucible Theatre and Sheffield Hallam University.

Boasting 162 luxury, fully furnished, one- and two- bed apartments and studios, a four-storey atrium and a stunning full-length glass roof, Lightbox is an exciting new home for Sheffield’s vibrant young professionals.

A dedicated concierge, on-site gym and residents-only cinema will

appeal to its discerning tenants. Planning permission for a ground floor

café/restaurant has also been granted in principle.

See the light 

A full-length glazed roof and four-storey atrium landings provide a stunning centrepiece to the development, affording Lightbox residents beautiful sky views

from the first floor, upwards.

What’s more, large floor-to-ceiling windows envelop the building on both sides encouraging natural light to enter and reflect, while elegant glazing creates an open, bright and welcoming environment throughout.



• Fully fitted kitchen units.

• Laminated work top with complimentary upstands.

• Stainless steel sink and drainer with chrome tap.

• Stainless steel electric hob and single electric oven.

• Stainless steel chimney extractor hood with stainless steel back plate.

• Recessed low voltage down lighting.

• Vinyl floor tiles.

• Space left in the kitchen for a fridge freezer.


• Contemporary bathroom suites

• Thermostatically controlled shower.

• Towel rail.

• Recessed low voltage down lighting.

• Full height wall tiling to bath area, Splash Back tiling to basin and w/c.

• Tiled floor.


• Flush, oak veneered doors with chrome door furniture.

• Satin Chrome electrical sockets and switches throughout.

• TV and BT points to lounge and bedroom.

• Wall finishes in White.

• Ceiling finishes in smooth white.

• Moulded skirting’s, architraves and window boards finished in satin white or gloss.


· Audio entry-phone system from entrance door to all apartments.

· Mains operated smoke detectors.

· Secure mortice locks to all apartment entrance doors and secure locking system to all windows.

· Ten Year Premier Warranty (or equivalent)


Each apartment will be fully furnished.

Investment Opportunity 

Invest in Lightbox

With rental demand in Sheffield increasingly outstripping supply, and as the city is poised to enter its most significant period of inward investment in recent history, Lightbox represents a unique opportunity to capitalise on excellent yields in a prime development hotspot.

Lightbox is particularly attractive as it is suitable for both students and young professionals. This ensures you will benefit not only from a great yield, but also from good capital growth as the price is not only based on the rental yield – but also on the local residential housing prices.

And how about your exit strategy? As a residential unit – it offers complete flexibility. You can live in it yourself if you want to and you can sell it at any time, to anyone, anywhere in the world. When the time comes to sell, you can use one of the many estate agents in Sheffield to assist you.

Now is the time to invest

Off-plan investment opportunities are now being made available with a guaranteed 8% PA NET return for the first 3 years on a first-come, first-served basis.

Construction is due to commence May 2017, roof level construction by November 2017 and is estimated to complete July 2018.

There are discounts of up to 17.5% based on the RICS valuations. Don’t miss out on these excellent discounted prices with yields of 8% NET paid quarterly in arrears.

Type Market Value 17.5% Discounted Price 8% Net Yield per year 8% Net Yield per quarter
Studio £101,000 £83,325 £6,666 £1,667
One Bed £125,000 £103,135 £8,251 £2,063
Two Bed £165,000 £136,125 £10,890 £2,723

Key Investment Facts

  • 8% NET return guaranteed for 3 years
  • Off-plan investment opportunity
  • Development hotspot
  • A1 location
  • Up to 17.5% discount (off RICS valuation)
  • Instant equity
  • Capital appreciation
  • Prices from just £83,000
  • High rental demand
  • Excellent yields (up to 10%)
  • Lease: 195 years
  • Reservation fee: £2500 (deducted from purchase price on completion)
  • Fully Furnished
  • 40 Car Parking Spaces – (not for sale)

Payment Options 

We offer a range of payment options to suit your needs.


10% discount

£2,500 reservation fee

35% deposit on exchange

40% at roof stage

25% (less reservation fee) on completion


10% discount

£2,500 reservation fee

50% deposit on exchange

25% at roof stage

25% (less reservation fee) on completion.

4% Coupon on deposited funds (this is deducted from the final completion payment)


17.5% discount

£2,500 reservation fee

75% deposit on exchange

25% (less reservation fee) on completion

5% Coupon on deposited funds (this is deducted from the final completion payment)


From Year 4 – Noble City Living will continue to manage the property for you – or you can select a local letting agent. The apartment can be let to both students and professionals and due to its central location will always be in high demand. You will now earn the market rent from which the following will be deducted:

  • Ground rents: £295 pa
  • Service charge: £1000 pa (approximately)
  • Management Fee £400 per year

This example is based on potential rental income in year 4

Purchase price                            £83,000

Gross annual income                  £8,400 (£700 per month)

Services Charges                        £1,200

Ground rent                                 £295

Management fee                         £400

Net income                                  £6,505

Net yield                                      7.9%

These apartments are currently available for sale and rent in the immediate area surrounding Lightbox. Remember in 4 years’ time these prices are expected to have increased.

The Developer     

Noble Design and Build was established in 2001 and over the years has built up an impressive project portfolio. As a successful house builder and developer Noble is highly experienced with both small and large scale developments. Since 2005 it has been a market leader in the residential and student sector with circa 3,700 completed units to date, and a further 1,200 in the pipeline until the end of 2017.

Noble Design and Build’s focus has been on key growth areas of the UK, including Buckinghamshire, Luton and Sheffield. Sheffield has been a particular focal point, with a number of residential eco-developments that have been designed to meet the under supply of accommodation for 20-24 year olds. These unique eco-friendly projects run on 80% plus renewable energy; examples of these green methods used in Noble builds include full rainwater harvesting systems, full biomass heating systems and A+ grade recycled wood pellets. Recent projects include London Court, M Suites and Printworks.

Since 2012 Noble has operated a very successful letting and management company; Noble City Living – this was created to provide a seamless service alongside the development company. Noble City Living efficiently let and manage all 3,700 units and maintain a 96%-100% annual occupancy rate. It also manages the wide range of services and amenities within the developments, which include gymnasiums, cinema rooms, laundry rooms and retail space. Noble’s simple philosophy is to create high quality developments at affordable entry levels that will provide guaranteed and sustainable year-on-year rental returns for all investors.

CRL were delighted to award the prize of Medium sized builder of the year to Noble Design and Build who have worked with CRL for more than three years. CRL work with all types of construction and home-building professionals to protect their property investments. Over 92% of major mortgage lenders recognise and approve of their property developer’s insurance, meaning that the developer’s reputation is in safe hands. This award affirms Noble Design and Build as a quality developer you can trust.


What is the full address of development: The postcode is S1 4PY and the development is on a plot between 3 roads bordered by Hallam Lane, Earl Street and Eyre Lane

How many units are available?  162 one bed, two bed and studio apartments priced from £83,325

What is the name of the property developing company? Noble Design and Build – this is a non-limited company owned by Gary Ata

What is the name of the Management company?  Noble City Living. This is a non-limited company owned by Gary Ata

Does the developer own the site?  Yes, it is owned by Gary Ata the owner of Noble Design and Build

Does the Developer have the necessary planning permission? Yes, the reference is 14/02979/ful

When do I pay for my unit? You have a choice of options – see the brochure for the details.

How often will I be paid my yield? Quarterly in arrears.

Are there any running costs or fees associated with this investment?  For the first 3 years, you will receive a NET yield of 8% per year. From year 4 you will receive the market rent less the following: Ground rent £295 per year, Management charges £400 per year and service charges of around £1,000 per year.

What is my exit strategy? As this is a residential development you can sell your unit at any time to anyone via a local estate agent

What solicitors do I use? We can recommend a solicitor or you can choose your own.



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