Plans for 'first' luxury apartments near Meadowhall as property firms hail Don Valley Corridor
Property firms are seeking investors
The first luxury, gated apartments are set to be built near Meadowhall after the mayor launched the Don Valley Corridor.
Property firms are seeking investors for the development on Tyler Street, Wincobank, beside Meadowhall Interchange.
Developers were last year granted planning permission for 88 flats in four blocks and 90 parking spaces.
Now they are being advertised as an opportunity for early investors.
Eastgate Property Investment UK says people with a minimum of £25,000 can make money from capital growth and rental income.
It says there is a thriving rental market which is fuelled by 24m visitors to Meadowhall annually, 60,000 students, tourism, a resilient economy and 18,500 new jobs in the Don Valley Corridor.
Eastgate’s advertising states the area ‘has never had a luxury residential address’ because the Lower Don Valley was Sheffield's industrial engine.
Another firm, Northwest Invest Ltd states Interchange Residences offer “a rare opportunity to secure a new, contemporary apartment from just £127,000!”
South Yorkshire Mayor Oliver Coppard launched the Don Valley Corridor in March as a single, joined-up investment opportunity set to produce 18,500 jobs and more than 10,500 homes over the next 30 years.