Sheffield united announced this week that they are teaming up with Millennium and Copthorne Hotels group for a development at Bramall Lane. They are planning to build a 149 bedroom, four star hotel. The development is set on the cherry street junction at the back of the Westfield. The hotel is set to be completed in the autumn of 2008 and construction to begin as early as the New Year. The multi million pound eight storey hotel will also include a restaurant, executive’s suites and a gym.
Also this hotel will be the first copthorne hotel in Yorkshire. The millennium and copthorne hotel group is an international company with a portfolio of hotels around the world. Copthorne has many hotels which include the likes of Copthorne and millennium hotel at the Chelsea village and the copthorne and millennium hotel near the Manchester united ground.
The rent a home Sheffield team believe that the hotel will bring a huge boost to the area while the hotel will also boost tourism due to the fact of new 4 star accommodation at tourists disposal. We believe that Sheffield is slowly starting to develop as a city, from the regeneration project and the interest of developers around the world it shows the potential the city has to offer and we believe this is the catalyst or chain reaction if you will needed to give Sheffield the boost it needs. As the developments get completed, more and more will be planned for the near future until Sheffield starts to look like Manchester or Leeds. If Sheffield is to achieve city status on par with Leeds or Manchester, City houses and city property are bound to increase up to 75% and some maybe even more. It’s all about finding the perfect property at the perfect time. So keep your eyes open for the perfect property investment
If you’re local to Sheffield you may know that the final phase of the £30 Million development at Anchor Point on Bramall Lane was opened this Thursday just gone. It was opened by Neil Warnock, Sheffield United Manager. Fairly appropriate as he and his premiership team would likely become your neighbours if you were to live there in the near future.
So what does this mean?
It means property value increase!!! With the scale of the development and investment at Anchor point, it will have attracted a lot of media attention on Sheffield in general. We believe that this is one of the little pushes Sheffield needed for the “snow ball effect” We believe that this maybe the start to Sheffield becoming a dominant business city on par with the likes of Manchester, Leeds and Birmingham. Sheffield is receiving huge amounts of investment and interest not only from the property development industry but from the Government as well. As you know the huge renovation project in Sheffield is Government backed, the renovation also includes the rebuilding of the train station, we will talk about the renovation of the train station in a later post. We believe within 10 years time Sheffield will be a vibrant, dominant city and will play a major part of the UK’s economy.
The £30 Million investment at Anchor Point, Bramall Lane will have great effects to the surrounding areas of Bramall Lane. The investment into the development will surely increase the value of nearby properties. We also believe that the insurance rating of the area will decrease, from a high risk area to a medium/low risk area. We believe that if the manager of Sheffield United and his team move into the area (as stated in newspapers locally) then due to the nature of the people staying their, security and police presence would increase. As insurance ratings drop, property value increases as properties are deemed more desirable due to the decreased risk on ones property. This would also increase the renting price in the local area, again due to the increase of desirability of one place.
If you’re a Blades Fan that’s the place for you :D
Happy Property Hunting
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