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Student Accommodation For Sale On Norfolk Street in Sunderland

£49,950

Reference:
SSSO
Type:
Commercial
Location:
United Kingdom
City:
Sunderland
Bedrooms:
0
Bathrooms:
1

This Student Accommodation on Norfolk Street in Sunderland is a key ready, fully operational tenanted purpose built student accommodation project currently undergoing modernization including heating system and basement works.  This Student Accommodation is closely located near the city centre, next to the main train station and less than a 10-minute walk from the University main campus.

 

Internal renovations and refurbishments due for summer 24 changeover to include kitchens, communal areas, and bedrooms as part of this Student Accommodation refresh that will enable the management company to increase the rental yields over the next 24 months.

While the renovations are conducted over the next 24 months new owners of units in this Student Accommodation will receive a developer backed 8% per year rental return scheduled to last the 24 months while works are ongoing for peace of mind.

 

This Student Accommodation enjoys a prime location in the centre of Sunderland, the University only being a short walk away is one of the reasons this property has been successfully operating for years and will continue to operate at capacity for many years to come.

 

The building is designed to provide comfort with its classic and deluxe en-suites, the en-suites prioritizes privacy and has there own bathrooms inside each room. 

 

The rooms also includes comfy beds, study tables and chairs, free high-speed Wi-Fi, 24-hour surveillance and all-inclusive prices. 

 

Within each room tenants will find thoughtfully laid-out furniture, a private bathroom and common area with kitchen and comforts such as central heating and lighting. 

 

The common amenities are inclusive of a laundry room where tenants can finish all their daily chores, a communal TV to watch their favourite shows and a washing machine. 

 

The main Sunderland train station next door providing quick, direct trains to surrounding areas such as Newcastle and also convenient services to major cities further afield including Leeds, Manchester and a direct train to London. 

Property Features

  • Priced from £49,950
  • 8% Per Year Return on investment
  • Key ready & operational
  • Immediate return on investment
  • Purpose Built Student Accommodation
  • Fully furnished
  • Communal areas
  • Upgraded/refurbished for long-term income generation
  • Existing high quality boutique block in an excellent location
  • Fully managed offering hands off investment 
  • Service charges kept to minimum