22 sq.m studio apartment available for sale in the heart of Sunderland City Centre for just £49,950.
Ideally located for both students and young professionals in Sunderland.
Due to complete in Q3 2018.
This apartment is available for self occupy as well as buy-to-let.
For investment purposes, investors will receive 9% NET returns per annum for the first 3 years (Excluding ground rent).
Unit Price: £49,950
Income per annum: £4,495
Total income at the end of year 2: £13,486
Fawcett Street is a brand new boutique residential apartment development offering purchasers the opportunity to capitalise on demand for one of the North East’s most famous City regions.
Standing in the heart of Sunderland city centre, these high specification studio and one-bedroom apartments at Fawcett Street also benefit from a 9% NET rental return (excluding £250 ground rent per annum) assured by the developer for 3 years.
Just 0.43 miles to the University of Sunderland’s campus, Fawcett Street offers modern and comfortable living, ideal for the city’s students and young professionals.
With a range of apartments available, from self-contained studios to 1 bedroom apartments, all aspects of Fawcett Street have been carefully designed to maximise the living experience for its tenants.
Each apartment comes complete with a kitchenette, fitted with electric hob and a fridge/freezer, and a modern, white shower room, including W/C, hand basin and tiled shower cubicle with glass door.
To complement the contemporary style of each unit, a furniture pack comprising of a double bed, wardrobe, sofa, coffee table, dining table and 2 chairs, mirror in bathroom, 32” wall mounted flat screen TV and blinds will be included in the purchase price.
The payment plan is £2,000 to reserve, 25% on exchange (minus reservation), 25% 60 days later & balance on completion.