Studio for sale
Key information
Property description & features
- Tenure: Leasehold (999 years remaining)
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
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Property reference Rock-Lodge. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Residential Estates - Chester.
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Broadband availability and predicted speed: obtained from Ofcom on August 20, 2024
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on August 20, 2024
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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