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Studio flat for sale
Rock Lodge - Sunderland
£59,999
Rock Lodge - Sunderland
£59,999
Our Summary
- Rock Lodge, Roker, Sunderland SR6 9NHWelcome to Rock Lodge, a remarkable investment opportunity located just minutes away from Sunderland's stunning coastline and vibrant university campus
- 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: NoneDevelopment 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 nearbyLocation:* 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 accommodationInvestment 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
Description
Rock Lodge, a former retirement home, has been transformed into 30 spacious studio apartments in Sunderland, just minutes away from the coastline and university campus. The development offers a rare investment opportunity with a strong rental demand, delivering a fixed 10% NET rental yield for the first two years. The apartments feature modern amenities, including kitchen and en-suite facilities, and some units offer partial or full sea views. The development also boasts communal kitchens, a large garden, laundry room, bike storage, and 24-hour CCTV. With Sunderland University set to receive significant investment, Rock Lodge is poised to benefit from strong rental demand, making it an attractive option for investors seeking a secure and lucrative investment.