Project Name: Jameson House
Project Location: Sunderland
Country: UK
Owner & developer: Prospect
Completion Date: 3rd quarter 2017
Project Type: Residential
Project Contains: Studio apartments, Communal outdoor seating, Cycle storage,3 Levels, Office to residential conversion
Number of Flats: 61 Apartments
Services:
Very bright flats
Laundry facilities
Fully equipped kitchenette
Contemporary en-suite shower rooms
Inclusive furniture pack
Location:
Central location, Situated in the town centre of Sunderland. Jameson House is within 2 minutes’ walk from the train station and local shopping centres.
Project Views: Town Centre
Type of Investment: Leasehold 250 years
Returns:
9% NET rental return (excluding ground rent)
3 year rental assurance Income paid Quarterly in arrears
Fees:
Stamp Duty: Nil
Lawyer Fees: £750 +VAT Approx.
Service charge - £686 per annum
Ground rent - £300 per annum
Average Price:
Standard Studio, 17 M2, GBP 39,000
Executive Studio, 19 M2, GBP 49,995
Superior Studio, 24 M2,
Payment Method: On exchange 50% and on completion 50%.
The Developer:
Priestley Construction specialises in conversions and has an excellent track record of delivering projects on time and to an exacting standard. Priestley Construction have a growing portfolio
of conversion schemes ranging from small, luxury developments such as Stableford Hall, Manchester and Boyds Mill, Leeds to large residential apartment schemes with projects in the pipeline which will deliver 400+ new homes over the next two years.
Other completed developments include Airedale House, The Grand Mill and Quebec Street in Bradford, Sartoria Court in Manchester and the Boat House in Liverpool. Priestley Construction will be principal contractor on the project. In house expertise and a hand on approach ensure rigorous attention to detail throughout the build process.
Sunderland:
Sunderland is a city at the centre of the City of Sunderland Metropolitan Borough, in North east England. It is a coastal city at the mouth of the River Wear. Over the years Sunderland grew as a port, building ships and trading in coal and salt, to a commercial centre for the automotive industry, science and technology and the service sector. 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 1.8million public square which was completed in 2015.