Studio flat for sale

North Bridge Street, Sunderland, Tyne And Wear, SR5

Fixed Price £32,000

Property Description

Key features

  • Fully tenanted for upcoming academic year (44 weeks)
  • Earn 7.17% net per annum starting September 2016
  • Strong management company already in place
  • Genuine hands free investment opportunity
  • Below market value investment

Full description

Tenure: Leasehold

Dunn House is an existing halls of residence in the heart of Sunderland, Dunn House has been identified as a prime location for private investment, due to the shortage of student accommodation in the area, in relation to the high number of students enrolled at the university.Dunn House was fully renovated to high standards and was completed ready for the September 2012 student intake.

We currently have a double unit available for sale on an exclusive basis. This unit is fully booked for the upcoming academic year (starting September 2016) for a period of 44 weeks at 100.00 per week.

Price of this fantastic value - TOP FLOOR - re-sale studio apartment: 32,000 (one unit only)

One of the most lucrative private student accommodation investments currently on the market, Dunn House is ideally located in the heart of Sunderland, within walking distance of both campuses and all local facilities and amenities including, transport, restaurants, shops and clubs.

Dunn House - Investment Highlights
Earn over 7.17% net per annum
Proven management company
High-quality refurbishment project in a prime location
Excellent communal facilities
Within walking distance of both university campuses
This studio comes equipped with;
Double bed
Storage
Wardrobe
Work Station
Hob/sink/fridge freezer
LCD TV
Free WiFi

Total Deductions of 2,295.20 - Breakdown as below:
1,646.40 service charge (this is 2015/16 figure as this years not released as yet)
Letting fee of 8% plus VAT (352.00 plus VAT)
Administration fee of 20-30 per annum depending on new or existing tenant)

Students also have access to a range of communal facilities including lounge areas, a fully-equipped gymnasium, kitchens and laundry facilities. Dunn House is within walking distance of both campuses and all local facilities and amenities including, transport, restaurants, shops and clubs.

Price of this fantastic value - TOP FLOOR - re-sale studio apartment: 32,000 (one unit only)

Dunn House - Reservation procedure
Step 1: Sign and complete the reservation form, before returning to us as a scanned email attachment.
Step 2: 6,000 reservation fee (this includes a non-refundable 1,000 administration fee, 5,000 fully refundable and attributable to purchase price).
Step 3: Solicitor instructed, legal's and sales pack sent out
Step 4: Remaining balance due upon exchange and completion of contracts (within 28 days)

As this is a completed development, both the exchange and completion of contracts will take place at the same time. You will also receive your rental income as per contract starting from September 2016, paid 3 months in arrears.

Please contact us and request our comprehensive e-brochure together with floor plan and the reason why this unit is on the market at this great value re-sale price.

Listing History

Added on Rightmove:
11 August 2016

Nearest stations

  • St Peter's (0.2 mi)
  • Stadium of Light (0.4 mi)
  • Sunderland (0.5 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Hopwood House Limited, Manchester

The Forum Windmill Lane, Denton, M34 3QS

0161 468 0126 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • St Peter's (0.2 mi)
  • Stadium of Light (0.4 mi)
  • Sunderland (0.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hopwood House Limited, Manchester

The Forum Windmill Lane, Denton, M34 3QS

0161 468 0126 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference HHUKSUNDUN. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Hopwood House Limited, Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data OpenStreetMap contributors.