Choices Investments are pleased to present seven, brand new one and two bedroom apartments with a three year guaranteed net yield of 10% located in Sunderland, Tyne & Wear.
The properties are in Sunderland city centre, 0.2 miles from Sunderland train station and surrounded by local amenities. Located just half a mile from the University of Sunderland, these properties have foreign students ready to move into the properties in September 2017.
The properties come with a 250 year lease from the 1st January 2016. Ground rent is charged at £200pa and a low service charge of £58pcm. The properties come with flooring throughout as well as electric hob and fridge freezer.
The rental demand in the area is very good with continued high yields following the end of the rental guarantee. There is a potential 16% Return on Investment (ROI) for those buying with a buy to let mortgage*.
Floor plans, site plans and a full specification available upon request.
We anticipate strong demand for these properties and investors are advised to register their interest as quickly as possible.
Plot | Floor | Sq ft | Beds | Choices Client Price | Rental (pa) | Gross Rental Yield | ||
1 | First | 597 | Two | £94,950 | £11,400 | 12.0% | ||
2 | First | 721 | Two | £94,950 | SOLD | SOLD | ||
3 | First | 549 | One | £79,950 | £9,000 | 11.3% | ||
4 | First | 613 | Two | £94,950 | £11,400 | 12.0% | ||
6 | Second | 597 | Two | £94,950 | £11,400 | 12.0% | ||
8 | Second | 549 | One | £79,950 | £9,000 | 11.3% | ||
10 | Second | 581 | Two | £94,950 | SOLD | SOLD |