Prices From £49,995
9% NET For 3 Years
Furniture Pack Included
Property and Invest are proud to launch our latest residential investment opportunity in the heart of Sunderland City Centre- Horizon. Consisting of 154 fully furnished apartments, Horizon gives all investors a 9% NET rental return for a 3 year period. Horizon presents a brand new range of self-contained studio apartments, designed to cater to students and professional commuters in Sunderland, the North's growing maritime city.
Sunderland is a thriving city with a lot of opportunities for its residents with 80 international companies, such as Nike and Nissan, having relocated to the city, catering to over 25,000 employees.
Sunderland City Council is investing heavily into the city centre in order to breathe new life into this growing city. Redevelopment projects comprise a new £1.8 million public square which was completed in 2015.
The city boasts one of the UK's most notable digital clusters, having been awarded the title of UK Digital City in 2014. It recognises Sunderland's commitment to improving the lives of its citizens through the integration of digital and public services. Sunderland also serves as a vital transport corridor. Its central station offers direct links to London and Middlesbrough, whilst the recently opened Northern Spire bridge was finished as part of the Sunderland Strategic Transport Corridor plan.
Sunderland is home to over 277,000 people, the second largest population in the North East of England.However, in order to satisfy the city's growing demand for housing, Sunderland needs to build nearly 14,000 new homes by 2033. With limited buying options and rising prices, many households are turning to the private rented sector.
As a result of the surge in demand for rented property in Sunderland and the wider region, global real estate firm CBRE predicts rents in Sunderland will increase by 11% over the next 5 years.The University of Sunderland is one of the largest Higher Education providers in the North East, with thousands of students competing every year for limited spaces.
A report in 2016 that analysed the pipeline of accommodation, and the growth in student numbers in Sunderland, forecasted that as many as 4,090 bed spaces could be needed in Sunderland over the next 5 years. With the University of Sunderland seeking to attract more students by investing heavily in its facilities, the total stock of properties could diminish further, placing upwards pressure on the cost of student rents in the city.
Development overview and specificaiton
Apartments at Horizon come with a furniture pack include in the purchase price, which provides a range of specially selected furniture to complement the surroundings. Each bedroom contains a queen-sized bed, complete with bed base and mattress with builtin storage space, as well as a wardrobe. The lounge area will be fitted with a desk and a coffee table, both of which will have a chair.
Also included in the furniture pack is a fully fitted kitchen, complete with an integrated microwave/oven, fridge freezer, and twin induction hob.
The bathroom will be fully tiled, including a basin, modern WC, rainfall shower and glass door. Each luxury studio apartment will also come with free WiFi in all communal spaces. Additionally, the development will provide a variety of communal areas, including a dedicated study area, residents' gym, cinema room, on-site laundry facilities, and games room.
The high-specification studios at Horizon are centrally located, standing in the heart of Sunderland city centre, and provides potential investors the chance to benefit from a 9% NET rental return (excluding ground rent) assured by the developer for 3 years.
At just 0.65 miles from the main University of Sunderland campus, and 0.44 miles from its Sir Tom Cowie campus, Horizon offers central and contemporary accommodation for the city's large student population.
In 2016, Sunderland was voted the UK's 'Top Student City' for landlords by LendInvest owing to its generous rental returns and strong student numbers.
Horizon offers all investors a 9% NET rental income per annum, this is NET of your property management and service charge. This is guaranteed for you for 3 years.
- Completes For Next April
- Fully Furnished
- 9% NET Returns For 3 Years
- On-Site Gymnasium, Cinema Room and Games Room
- Fully Managed Investment