Completed Student Property.
10% Net Yield Guaranteed for 10 Years.
Pre-Let for 2013/2014.
Developer Buy Back Option.
0.5 Miles from University of Sunderland.
Excellent City Centre Location.
On This Property
Completed and pre-let student accommodation investment in Sunderland, with 10% net yields guaranteed for 10 years, with a defined exit strategy.
Sunderland Student Property Investment
10% NET Yield Guaranteed for 10 Years with Developer Buy Back Option
Principal International are delighted to announce the release of this yield based asset in the student accommodation investment sector located in Sunderland, which is pre-let with excellent guaranteed returns.
Investors will receive 10% net yields, guaranteed for 10 years, with immediate income paid from completion. The investment features defined exit strategy, whereby the investor can elect for the developer to buy back the rooms from year 2.
Completed & Pre-Let Student Property Ready for Occupation
The development is a detached building which consists of 9 retail units on the ground floor, which are all currently fully let and 25 student properties on the ground and first floor. The site has undergone a complete “back to brick” refurbishment and building programme; the façade of the property has also been refurbished. Rooms are pre-let and ready for occupation for the 2013/2014 academic year.
The accommodation will satisfy demand generated by the University of Sunderland, which is located just 0.5 miles; approximately 10 minutes walk from the property. The property benefits from excellent transport links, with the Millfield Metrolink Station 0.1 miles away and Sunderland mainline station just 2 miles away.
The student rooms will be fully managed by a specialist local operator, providing a passive investment.
University of Sunderland
The University of Sunderland has approximately 17,500 students, of which 7,000 are international students and has invested over £130m over the past few years ensuring its facilities meet the needs of the modern-day student.
Sunderland is one of only four post ‘92 universities to break into the top 50 of the rankings, a major achievement for a relatively young institution. The university won an award for the top student experience in the UK in the Times Higher Education awards 2010 and has also been ranked the best new University in the North East for the second year running.
Availability is strictly limited to just 25 units, therefore we advise interested parties to act immediately to avoid disappointment.
Parking: N/A
Completion: Completed
