Rock Lodge - Sunderland
- PROPERTY TYPE
Studio
- BATHROOMS
1
- SIZE
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Description
Welcome to Rock Lodge, a remarkable investment opportunity located just minutes away from Sunderland's stunning coastline and vibrant university campus. This development offers a rare chance to own a piece of Sunderland's history, now thoughtfully transformed into modern, spacious studio apartments. With its prime location and strong rental demand, Rock Lodge is perfectly poised to deliver impressive returns for investors seeking a secure and profitable asset in one of the UK's most up-and-coming areas.
A Coastal Gem in the Heart of Sunderland:
Discover Rock Lodge, a unique and characterful development perfectly positioned to capitalize on Sunderland's growing student market. Just a short walk from both the beach and the University of Sunderland, this former retirement home has been thoughtfully converted into 30 large, self-contained studio apartments. Offering investors a fixed 10% NET rental yield for the first two years, Rock Lodge is an attractive option for those seeking a secure and lucrative investment.
Property Highlights:
* Type: Large Self-contained Studio Apartments (including Kitchen and En-suite)
* Number of Units: 30 over 3 floors
* Prices Starting From: £59,999
* Furniture Pack: £1,200 (3-year warranty)
* Rental Yield: 10% NET assured for the first 2 years
* Weekly Rent Estimate: £155 to £185
* Lease: 999 Years
* Ground Rent: None
Development Features:
* Refurbishment completed in time for September intake
* 5 communal kitchens, large garden, laundry room, bike storage, and 24-hour CCTV
* Some units offer partial or full sea views
* Gas central heating throughout the building
* No parking on-site, but off-road parking available nearby
Location:
* Proximity to the Beach: 2-minute walk to Roker Beach
* Proximity to University: 15-minute walk to St Peter's Campus with bus service every 30 minutes
* University of Sunderland: Over 25,000 students and only 1,500 on-campus bed spaces, creating high demand for private student accommodation
Investment Potential: Sunderland University is set to receive £250 million in investment over the next decade, beginning with St Peter's Campus, which is expected to increase student numbers significantly. With this anticipated growth and the limited on-campus accommodation, Rock Lodge is ideally positioned to benefit from strong rental demand.
Enquire now to receive to following:
* Development Brochure
* Availability
* Short Term Let Projections
* Images
* Floor Plan
Tenure: Leasehold (999 years)
Ground Rent: £0 per year
Brochures
Brochure- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Rock Lodge - Sunderland
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About Residential Estates, Chester
First FL. Kinnerton House Bell Meadow Business Park Park Lane Pulford CH4 9EPWe started our business 25 years ago as a Chester based property rental and lettings agency, and have grown into a respected, and diverse provider of property services.
The reason for our long term success, is due to constant focus on developing lasting client relations, offering unparalleled expertise over a full spectrum of services within the property industry.
We currently have multiple business departments, listed as follows:
Residential Property Investment
Residential Property Sales
Residential Lettings
Land Acquisitions
Property Management
Serviced Accommodation
International Property Sales & Investments
We are Chester's first internet based estate agency, and investment specialists. We believe in moving in-line with the change of the market place, to ensure our customers receive the very best service, from all divisions of our company portfolio.
The tailored service we offer directly meets the needs of our clients, as a tenant, a landlord, or an investor, we respect and value your business.
We would like to thank all of our clients over the years for helping us reach an important milestone, our silver anniversary, which we celebrated in 2015 after 25 years in business.
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Visit our security centre to find out moreDisclaimer - Property reference Rock-Lodge. 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 Residential Estates, Chester. 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.
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