Dunn House is an existing halls of residence in the heart of Sunderland, Dunn House has been identified as a prime location for private investment, due to the shortage of student accommodation in the area, in relation to the high number of students enrolled at the university. Dunn House was fully renovated to high standards and was completed ready for the September 2012 student intake.
We currently have a double unit available for sale on an exclusive basis. This unit is fully let for the current academic year for a period of 44 weeks at £105.00 per week.
Price of this fantastic value - TOP FLOOR - re-sale studio apartment: £25,000 (one unit only)
One of the most lucrative private student accommodation investments currently on the market, Dunn House is ideally located in the heart of Sunderland, within walking distance of both campuses and all local facilities and amenities including, transport, restaurants, shops and clubs.
Dunn House - Investment Highlights
Earn approximately 8.7% net per annum
Proven management company
High-quality refurbishment project in a prime location
Excellent communal facilities
Within walking distance of both university campuses
This studio comes equipped with;
Total Deductions - Breakdown as below:
£2,058.58 service charge (this is 2016/17 figure as this years not released as yet)
Letting fee of 8% plus VAT (£443.52 plus VAT)
Students also have access to a range of communal facilities including lounge areas, a fully-equipped gymnasium, kitchens and laundry facilities. Dunn House is within walking distance of both campuses and all local facilities and amenities including, transport, restaurants, shops and clubs.
Dunn House - Reservation procedure
Step 1: Sign and complete the reservation form, before returning to us as a scanned email attachment.
Step 2: £6,000 reservation fee (this includes a non-refundable £1,000 administration fee, £5,000 fully refundable and attributable to purchase price).
Step 3: Solicitor instructed, legal's and sales pack sent out
Step 4: Remaining balance due upon exchange and completion of contracts (within 28 days)
As this is a completed development, both the exchange and completion of contracts will take place at the same time.
|Premium Student Studio For Sale||15.63 sqm||-||£25,000.00||Enquire|
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