Sunderland, the North’s growing maritime city will be home to this brand-new refurbished building that will provide contemporary high specification living for the city’s large number of students and young working professionals. Horizon, a mix of self-contained studio apartments is perfectly located in the heart of Sunderland’s city centre and in close walking proximity to both university campuses, shopping, nightlife and both main train stations.
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.
It 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.
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.
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. 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.
- 154 fully-furnished studio apartments.
- Fully managed and let.
- Studios from £47,495. 9% per annum rental income.
- Income assured for 3 years.
- Up to 7% p.a. interest earned during build on Exchange Deposit, deducted at completion.
- 13-minute walk to the university.
- Ring-fenced Buyer-Funded project.
- Completion Q2 2019.
- Mixed used development SDLT applicable.