The Brae Sunderland, 23 Bedrooms ,For Sale

The Brae

Millfield

| Investment Portfolio

Offers In Excess Of £750,000

23 418
1 of 1
Kitchen
Full Screen
  • Freehold Portfolio
  • 4 Student Houses
  • Fully let for 2019/20 Academic Year
  • 23 bedrooms
  • Fully licenced HMO properties
  • Strong rental growth prospects
  • Recently refurbished & modernised
  • Retirement lead sale
  • Extremely close to main City Centre Campus
  • Income: £94,015pa

About this Property

HIGH YIELDING STUDENT BUY-TO-LET PORTFOLIO // FOUR FULLY LICENSED FREEHOLD HOUSES // £94,015PA GROSS RENTAL INCOME // RECENTLY REFURBISHED AND MODERNISED // RETIREMENT LED SALE

Floor Plan

View PDF

Energy Efficiency Rating

Current
Potential
0
0
(92+)
A
(81-91)
B
(69-80)
C
(55-68)
D
(39-54)
E
(21-38)
F
(1-20)
G

CO2 Rating

Current
Potential
0
0
(92+)
A
(81-91)
B
(69-80)
C
(55-68)
D
(39-54)
E
(21-38)
F
(1-20)
G

Interested in this property? Call 0191 2431000

Location

Sunderland is situated on the North East coast and is easily accessible from the A1, the main north-south route along the eastern UK, and from the A19. Both Durham and Newcastle are within very easy reach by road and by public transport. The Tyne and Wear Metro service is an easy means of getting around the Sunderland city region, as well as offering a 30-minute direct link into Newcastle. There are international airports at Newcastle and Durham Tees Valley, plus a direct train service from Sunderland to London King Cross in approximately 3.5 hours.

Education

The University of Sunderland has 20,000 students at four campuses in Sunderland, London and Hong Kong. Sunderland was recently ranked 16th (out of 131 universities) in the University of the Year category of the Whatuni Student Choice Awards 2019, the only national awards voted for by students. The University s facilities are among some of the best in the UK. Almost £130m has been invested across both Sunderland city campuses over recent years.

Situation

The portfolio comprises 4 houses situated just off Chester Road which is well known locally for having a broad variety of shops, good transport links and convenient access to Sunderland General Hospital and the University. All 4 properties are located within 500m of each other and within a 5 minute walk of both the University Metro Station and the main Sunderland University City Campus. Three of the properties are located within 50m of one another. The City Campus is at the heart of the city and is home to the universities main administration and support services, library, lecture halls, and excellent sport facilities at CitySpace. The Campus also hosts the main Sciences provision, Pharmacy School, Living Labs, Nursing School, Arts & Design Courses, Photography School and the newly-established School of Medicine.

Description

Four terraced 5 & 6 bedroom HMO houses refurbished to a high standard offering bespoke student accommodation. All properties have been heavily invested in over recent years and offer refurbished accommodation to perfectly tailor modern student living. Two of the properties have en-suite bathrooms throughout and the remaining two houses benefit from an abundance of space, with large bedrooms and several bathrooms / WC s.

Tenure

All properties are held freehold under the following title numbers. 4 The Brae Title Number: DU33525 6 Chester Terrace Title Number: TY211183 8 The Brae Title Number: TY153773 27 Western Hill Title Number: TY3609

Tenancy / Income

In accordance with the enclosed schedule, all 4 houses are 100% fully let to Sunderland University students on AST agreements for the forthcoming 2019/20 Academic Calendar. All utilities, broadband and water rates are included within the advertised rents.

Pricing

Seeking offers in excess of £750,000 (Seven Hundred and Fifty Thousand Pounds Only), reflecting a gross initial yield of 12.5% and a very low £99 per sq ft capital value.

VAT

The properties are not elected for VAT and therefore it is anticipated that VAT will not be payable on the purchase.

EPC

A copy of each Energy Performance Certificate is available upon request.

Method of Sale

The property will be offered for sale by private treaty, however we reserve the right to conclude marketing by an informal tender process.

Further Info

Inspections are to be arranged by prior appointment via the sole selling agent. For this and further information, please contact Walton Robinson direct.

Dataroom

Additional information including extensive internal and external photos, floor plans of each property, EPC s, AST s, HMO licences, Land Registry documents, inventories, gas safety records and ordinance survey plans are available by separate request.

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