Studio Flat For Sale £42,700
Pure Investor are delighted to present this tenanted student studio in the popular All Saints building, a fully completed student development ideally located in close proximity to major Sunderland University campuses. All Saints House is a refurbishment of former university halls, which was completed in 2014 and comprises of 3 blocks of 90 fully-furnished and self-contained studios.
Each unit at All Saints has a private kitchen, bathroom, study area and a single or double bed (depending on the unit sizes), all designed to provide the ultimate luxury student accommodation. Alongside offering students independent living, this student residence also benefits from an array of onsite amenities from communal areas and gym to a laundry area and communal outdoor terrace.
This student unit is fully managed by Xenia Student lettings, one of the UK's leading student property management companies. As such, this is a hands free investment opportunity, with all aspects of day to day management and lettings being taken care of by Xenia.
Unit Highlights - A206
- Unit Name: Second Floor
- Unit Price: £42,700
- Unit Size: 18 sqm
- Tenanted for 47 wks at £152.50 per week until August 24
- Lettings fee - 11% + VAT (£945) per annum
- Annual service charge of £2,757
- Gross rental of £7,167 per annum
- NET return of £3,198per annum
- NET Yield - 7.5%
