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UK: Lambert Smith Hampton is marketing a consented coliving development on the western edge of Sheffield city centre.
The scheme, located between Kelham Island and the Devonshire Quarter, gained planning consent in August last year. IIHG Capital secured permission for the site, supported by DPP and Studio NQ Architects.
With practical completion scheduled for 2029, the 11-storey coliving scheme will provide ensuite studio accommodation ranging from 17 to 32 square metres.
The development will include large central amenity spaces on each of the largest floors, smaller communal spaces and kitchens on each floor, a shared bench-style ground-floor kitchen, a publicly accessible ground-floor café, and resident amenity spaces including a fitness suite, a wellness space, along with cinema and games rooms.
The project’s investment summary forecasts an estimated rental value of £2.84 million on completion, with rents inclusive of bills.
Highlights:
- Lambert Smith Hampton is marketing a consented coliving development on the western edge of Sheffield city centre
- The scheme, located between Kelham Island and the Devonshire Quarter, has an asking price of £41 million
- With practical completion scheduled for 2029, the 11-storey coliving scheme will provide ensuite studio accommodation ranging from 17 to 32 square metres
