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Fawcett Street is a brand new boutique residential apartment · Town’ for landlords in 2016, thanks to the high average rental yield and low house prices - surpassing student hotspots

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Page 1: Fawcett Street is a brand new boutique residential apartment · Town’ for landlords in 2016, thanks to the high average rental yield and low house prices - surpassing student hotspots
Page 2: Fawcett Street is a brand new boutique residential apartment · Town’ for landlords in 2016, thanks to the high average rental yield and low house prices - surpassing student hotspots

Fawcett Street is a brand new boutique residential apartment development offering purchasers the opportunity to capitalise on demand for one of the North East’s most famous city regions.

Standing in the heart of Sunderland city centre, these high specification studio and one-bedroom apartments at Fawcett Street also benefit from a 9% NET rental return (less ground rent) assured by the developer for 3 years.

Just 0.43 miles to the University of Sunderland’s campus, Fawcett Street offers modern and comfortable living, ideal for the city’s students and young professionals.

Voted the UK’s ‘Top Student City’ for landlords in 2016 by LendInvest, Sunderland’s generous rental returns and buoyant student population has made the North Eastern city a top target for property investors from around the world.

With apartments available from just £49,950, these modern units are ideal for purchasers looking to invest in one of the UK’s fastest growing regions.

Page 3: Fawcett Street is a brand new boutique residential apartment · Town’ for landlords in 2016, thanks to the high average rental yield and low house prices - surpassing student hotspots

DevelopmentOverview

Fawcett Street is comprised of a range of high specification, self-contained studio and one bedroom apartments.

Situated in the heart of the city, just 0.43 miles from the University of Sunderland’s city campus, the development is ideally located for both students and young professionals in Sunderland.

NET Rental Return

(Excluding Ground Rent)

1 Bedroom Apartments

Studio Apartments

Self-Contained Studios

RentalAssurance

9

2

3

£59,950£49,950

Q3%YEAR

FROMFROM

2018

*View “property specification” to see what is included in the furniture pack

Rental return excludes ground rent of £250 per annum

CONSUMERPROTECTIONFROMUNFAIRTRADINGREGULATIONS2008(CPR)

Theseregulationsprohibitunfairpractices.TosatisfyourobligationsundertheCPRs,oursalesparticularshavebeenpreparedbyPrinvestUKLimitedupontheinstructionofthevendorandinaccordancewiththeseregulations.Thepropertydetailsareproducedingoodfaithandarenotintendedtoformpartofacontract.

Completion Scheduled

1 BedroomApartments

109% NET Rental Return Assured by the Developerf or 3 Years

Page 4: Fawcett Street is a brand new boutique residential apartment · Town’ for landlords in 2016, thanks to the high average rental yield and low house prices - surpassing student hotspots

STAMPDUTYLANDTAXTofindoutifyourpurchasewillincurStampDuty,pleasevisit

theStampDutyoverviewandcalculatorat:

https://www.gov.uk/stamp-duty-land-tax

https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax

Thepurchasermaybeliableforpropertyrelatedtaxesinconnectionwithpropertypurchasesandownershipin

additiontoanyongoingpersonalorcorporatetaxationwhichmayapply.

PleaseNote:Thisexampleisforillustrationpurposesonly;theprojectionsfortheincome,occupancy

levels,roomratesandmanagementchargesarenotguaranteedandaresubjecttochange.Weacceptnoresponsibilityforanychangesorinaccuracywiththesefigures;theyareprovidedingoodfaithasageneralguideandbasedonwhatwebelievetobecorrectbut

donotformpartofanyofferorsolicitation.

! !

RentalAssurance

Purchase Price £49,950 £59,950

Rental Return*

Rental Assurance Period**

9%

3Years

9%

3Years

Return on Investment

Rental Assurance Income

27%

£13,486.50

27%

£16,186.50

*NET rental return excludes ground rent of £250 per annum.

**The developer is contracted to provide the rental assurance to the purchaser, details of which will be confirmed by the solicitors acting for the purchaser.

StudioApartment(Based on Apartment 2)

OneBedroomApartment(Based on Apartment 1)

RentalAssurancefromtheDeveloper

Rental Assurance**

Total Projected Return

Page 5: Fawcett Street is a brand new boutique residential apartment · Town’ for landlords in 2016, thanks to the high average rental yield and low house prices - surpassing student hotspots

£49,950

£120.20

£6,250.40

£250

£721.62

£625.04

£4,653.74

9.32%

Rental AppraisalStudio Apartments (Year 4, After Rental Assurance)

£49,950

£113.33

£5,893.32

£250

£721.62

£589.33

£49,950

£116.73

£6,070.11

£250

£721.62

£607.01

£49,950

£123.74

£6,434.22

£250

£721.62

£643.42

£4,332.37

8.67%

£4,491.48

8.99%

£4,819.18

9.65%

4% Growth3% Growth2% Growth1% Growth0% Growth

StudioApartmentBased on Unit 2

*Service charge calculated to include increase of 2% per annum over a 3 year period in line with inflation

£49,950

£110

£5,720

£250

£721.62

£572

£4,176.38

8.36%

Purchase Price

Gross Rent (Per Week)

Gross Rent (Per Annum)

Ground Rent

Service Charge*

Lettings Fee @ 10%*

NET Rent (Per Annum)*

NET Rental Return %*

STAMPDUTYLANDTAXTofindoutifyourpurchasewillincurStampDuty,pleasevisit

theStampDutyoverviewandcalculatorat:

https://www.gov.uk/stamp-duty-land-tax

https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax

Thepurchasermaybeliableforpropertyrelatedtaxesinconnectionwithpropertypurchasesandownershipin

additiontoanyongoingpersonalorcorporatetaxationwhichmayapply.

PleaseNote:Thisexampleisforillustrationpurposesonly;theprojectionsfortheincome,occupancy

levels,roomratesandmanagementchargesarenotguaranteedandaresubjecttochange.Weacceptnoresponsibilityforanychangesorinaccuracywiththesefigures;theyareprovidedingoodfaithasageneralguideandbasedonwhatwebelievetobecorrectbut

donotformpartofanyofferorsolicitation.

! !

Page 6: Fawcett Street is a brand new boutique residential apartment · Town’ for landlords in 2016, thanks to the high average rental yield and low house prices - surpassing student hotspots

Rental AppraisalOne Bedroom Apartments (Year 4, After Rental Assurance)

STAMPDUTYLANDTAXTofindoutifyourpurchasewillincurStampDuty,pleasevisit

theStampDutyoverviewandcalculatorat:

https://www.gov.uk/stamp-duty-land-tax

https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax

Thepurchasermaybeliableforpropertyrelatedtaxesinconnectionwithpropertypurchasesandownershipin

additiontoanyongoingpersonalorcorporatetaxationwhichmayapply.

PleaseNote:Thisexampleisforillustrationpurposesonly;theprojectionsfortheincome,occupancy

levels,roomratesandmanagementchargesarenotguaranteedandaresubjecttochange.Weacceptnoresponsibilityforanychangesorinaccuracywiththesefigures;theyareprovidedingoodfaithasageneralguideandbasedonwhatwebelievetobecorrectbut

donotformpartofanyofferorsolicitation.

! !

£59,950

£136.59

£7,102.73

£250

£721.62

£710.29

£5,420.83

9.04%

£59,950

£128.79

£6,696.96

£250

£721.62

£669.70

£59,950

£132.65

£6,897.85

£250

£721.62

£689.79

£59,950

£140.61

£7,311.62

£250

£721.62

£731.16

£5,055.64

8.43%

£5,236.45

8.73%

£5,608.83

9.36%

4% Growth3% Growth2% Growth1% Growth0% Growth

OneBedroomApartmentBased on Unit 1

*Service charge calculated to include increase of 2% per annum over a 3 year period in line with inflation

£59,950

£125

£6,500

£250

£721.62

£650

£4,878.38

8.14%

Purchase Price

Gross Rent (Per Week)

Gross Rent (Per Annum)

Ground Rent

Service Charge*

Lettings Fee @ 10%*

NET Rent (Per Annum)*

NET Rental Return %*

Page 7: Fawcett Street is a brand new boutique residential apartment · Town’ for landlords in 2016, thanks to the high average rental yield and low house prices - surpassing student hotspots

Comparable Accommodation

Fawcett Street Panns Bank (University)

Scotia Quay (University)

All Saints House (Fortis)

The Forge

Dunn House (Fortis)

Key:

All information collated on 08/03/18 and was correct at the time of publication

• StudioApartments-£110

• StudioApartments

• PremiumStudios-£107.50(51Weeks)

• StandardEn-SuiteRooms

• En-SuiteRooms-£106

• SuperiorStudios-£102.50(51Weeks)

• 1BedroomApartments-from£125

• 51WeekTenancy

• PremiumStudios -£115(44Weeks)

• SuperiorStudios-£125(44Weeks)

• 40or50WeekTenancy

• OneBedroomApartments-£141

• SuperiorStudios-£110(44Weeks)• SuperiorStudios-£115.50(51Weeks)

• 40,45or51WeekTenanciesAvailable

££110

£115.50

£125

£107.50

£135.14

£102.50

£88.15

FROM

FROM

FROM

FROM

Weekly Rent

£106£141

Page 8: Fawcett Street is a brand new boutique residential apartment · Town’ for landlords in 2016, thanks to the high average rental yield and low house prices - surpassing student hotspots

PropertySpecification

Situated in this vibrant maritime city, Fawcett Street will provide modern and comfortable living for students and young professionals studying or working in the city.

With a range of apartments available, from self-contained studios to 1 bedroom apartments, all aspects of Fawcett Street have been carefully designed to maximise the living experience for its tenants.

Each apartment comes complete with a kitchenette, fitted with electric hob and a fridge/freezer, and a modern, white shower room, including W/C, hand basin and tiled shower cubicle with glass door.

To complement the contemporary style of each unit, a furniture pack comprising of a double bed, wardrobe, sofa, coffee table, dining table and 2 chairs, mirror in bathroom, 32” wall mounted flat screen TV and blinds will be included in the purchase price.

Interior images from previous development with similar specification: Frederick Street

Modern, White, Shower Rooms Central Location 32” Wall Mounted

Flat Screen TV

Page 9: Fawcett Street is a brand new boutique residential apartment · Town’ for landlords in 2016, thanks to the high average rental yield and low house prices - surpassing student hotspots

Location & Amenities

23 Fawcett Street, Sunderland, SR1 1RH

Sunderland Central Train Station

Sunderland Metro Station

The Bridges Shopping Centre

Empire Cinema

Sunderland Software City

NewcastleUniversity of Sunderland City Campus

Sunderland Football Club Stadium Durham

0.05milesfromFawcettStreet

0.07milesfromFawcettStreet

0.09milesfromFawcettStreet

0.17milesfromFawcettStreet

0.18milesfromFawcettStreet

31milesfromFawcettStreet0.43milesfromFawcettStreet

0.90milesfromFawcettStreet 21milesfromFawcettStreet

Page 10: Fawcett Street is a brand new boutique residential apartment · Town’ for landlords in 2016, thanks to the high average rental yield and low house prices - surpassing student hotspots

Sunderland:In Focus

Sunderland 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 money in the city centre to breathe new life into the city. Redevelopment projects comprise a new 1.8 million public square which was completed in 2015.

Source:Source:

STU

DE

NT

HO

TSP

OT

TR

AN

SPO

RT

PRO

SPE

CTS

POPU

LAT

ION

MA

NU

FACT

UR

ING

ECO

NO

MY

Voted the ‘Top Student Town for Landlords’ in 2016

Invested in a new fleet for the Tyne & Wear Metro, which serves Sunderland

Increase in turnover for the Digital Sector in Sunderland

People live in Sunderland

Set to be invested to increase the production at the Nissan Car Plant

Invested in redevelopments across the city

Top Location£337 Million

101%278,000

Up to £14m£1 Billion

Source: LendinvestSource: Nexus

Source: Tech NationSource: Official Labour Market Statistics

Source: The TelegraphSource: Sunderland 2021

Page 11: Fawcett Street is a brand new boutique residential apartment · Town’ for landlords in 2016, thanks to the high average rental yield and low house prices - surpassing student hotspots

Student Demandin Sunderland

UNIVERSITY OF SUNDERLAND

19,478 STUDENTSENROLLED

THEUNIVERSITYHASCAMPUSESIN LONDON ANDHONG KONG

NO.1 STUDENTTOWNFORLANDLORDSIN2016

94% OFGRADUATESENTER

EMPLOYMENTORFURTHERSTUDYWITHIN6MONTHS

OFGRADUATION

31% OFALLSTUDENTSENROLLED

AREINTERNATIONAL

Sunderland is home to the University of Sunderland, with nearly 19,500 students enrolled from over 100 countries.

Image: Cityspace, University of Sunderland

Thecitywasawardedthetitle‘TopStudentTown’forlandlordsin2016,thankstothehighaveragerentalyieldandlowhouseprices-surpassingstudenthotspotssuchasManchesterandNewcastle-upon-Tyne.

Hometoagrowingdigitalindustry,Sunderlandhasattractedalargenumberofstudentsfromaroundtheworldtostudyinthecity,withmorethan30%ofthoseenrolledattheUniversitycomingfromoverseas.

TheUniversity’sgraduatesalsoenjoyahighrateofemploymentandfurtherstudy,withinexcessof90%ofgraduatesfindingonwardsopportunitieswithin6monthsoffinishingtheireducationatSunderland.

Page 12: Fawcett Street is a brand new boutique residential apartment · Town’ for landlords in 2016, thanks to the high average rental yield and low house prices - surpassing student hotspots

Focusing predominantly on the restoration and renovation of buildings in the cities of Sunderland and Dundee, Alex has worked in conjunction with other developers to create contemporary living spaces in busy city centres.

The Developer

The developer behind Fawcett Street is Alex Shanks, who specialises in creating desirable new residential spaces through the conversion of older commerical spaces.

KIN

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FRED

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KST

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JH National have been signed up as the rental managers for Huddersfield’s latest

student development: Kingfisher Court. They have already started their marketing process to ensure maximum occupancy for the start

of the 2017/18 academic year.

Located in the city centre, John Street is home to 8x two-bedroom apartments

and 2x one-bedroom apartments and was completed in Q1 2017.

All 68 studios were reserved within 7 weeks of marketing. The average rental price for a 2 bedroom apartment in Bolton is £450 a month. They achieved rents up to £595 a

month for a studio without parking facilities.

Comprised of 7 studio apartments designed especially to capitalise on Sunderland’s

growing population of young professionals and students, Frederick Street was completed

in Q4 2016.

All 94 units at the development were occupied wihtin 6 weeks of completion.

Through their contract with an international student referral company, they can ensure

the best possible rent for the area.

Currently under construction, Tatham Street is home to 13 existing apartments, which will be joined by an additional 4x two-bedroom flats built from scratch. The project is due to

complete in Q2 2018.

27 Cleghorn StreetDundee

8 Eadies RoadDundee

3 Coupar Angus RoadDundee

7x one-bedroom apartments which were completed in

Q1 2016.

5x three-bedroom apartments which were completed in

Q2 2016.

Old manor house comprising 3x luxury two-bedroom

apartments. Completed in Q1 2017

Their management service is designed to offer you peace of mind, making sure that all stages of the tenancy process are taken care of.

All of their staff hold National Federation of Property Professionals (NFOPP) qualifications and they are members of the Property Ombudsman.

JH National’s rental insurance, underwritten by UKGI, provides the developer with a safety net when it comes to recovering rent.

They work hard to make sure that your unit is occupied at all times, with properties advertised on the UK’s largest property websites.

The RentalManager

JH National will be acting as the rental managers and management company for Fawcett Street.

Page 13: Fawcett Street is a brand new boutique residential apartment · Town’ for landlords in 2016, thanks to the high average rental yield and low house prices - surpassing student hotspots

The rental assurance is provided by the developer for Fawcett Street for 3 years with purchasers contracted to receive a NET rental return of 9% of the purchase price per annum from the developer.

Yes, as with all property transactions in the UK a conveyancer will charge for legal work and disbursements.

Frequently Asked Questions

What is the address of the development?

Will I own the property?

How long is my rental assurance? Are there legal costs?

What is the rental payment schedule?

Fawcett Street is located at:

23 Fawcett Street,Sunderland,SR1 1RH

Yes. You will be purchasing a 250-year leasehold property and the Title Deeds will be registered with the UK Land Registry upon the completion of the purchase.

Payments for Fawcett Street will be made quarterly in arrears.

PurchaseProcess

Step 1

Step 2

Step 3

Step 4

Reservation

Solicitors Instructed

Exchange of Contracts

Stage Payment

Reservation agreement completed & £2,000 non-refundable feepaidanddeducted from thedepositonexchange

Solicitorsinstructed,legalpacksentout&anti-moneylaunderingprocesscompleted

25%ofpurchasepriceispaid,lessthereservationfee,paidtosolicitors&contractsexchangedwithin28daysofreservation

Afurther25%ofthepurchasepriceispaid60dayspostexchangeofcontracts

Step 5

Legal Completion

Theremaining50%ofthepurchasepriceispaid,thepurchase is completed and Title Deeds registeredwiththeUKLandRegistry

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Page 14: Fawcett Street is a brand new boutique residential apartment · Town’ for landlords in 2016, thanks to the high average rental yield and low house prices - surpassing student hotspots

UK Office-

+44 (0) 1494 416196

Watlington Business Centre

1 High Street

Watlington

Oxfordshire

OX49 5PH

Hong Kong Office-

+852 53034685

15th Floor

Soundwill Plaza 2

Midtown

1-29 Tang Lung Street

Causeway Bay

ABOUT US Here at The Property Supplier we pride ourselves on supplying you the best property deals

and investments. We have a dynamic team with an existing property background helping to

build our clients portfolio.

Part of our company ethos is increasing the wealth of our clients, while at the same time

having certain measurements in place to ensure and maintain peace of mind.

www.thepropertysupplier.co.uk

[email protected]