Set against the backdrop of the spectacular Wearmouth Bridge, the Echo Building is an iconic development of 179 contemporary 1- & 2-bed apartments and 3-bed duplexes offering breathtaking views over the waterfront and city of Sunderland.
Assetz is exclusively selling the units which were retained by the vendor, with all of them tenanted, furnished and including a secured underground parking space. Each stylish apartment features either a river or city aspect and a fully fitted contemporary kitchen with integrated fridge freezer, dishwasher, stainless steel oven and ceramic hob with oven extractor. The fully tiled bathrooms feature modern white bathroom suites with chrome fittings and a heated towel rail, whilst the development itself benefits from lifts to all floors and rubbish shutes for residents.
All apartments with river aspects plus units on the 9th & 10th floors with city aspects feature balconies to make the most of the spectacular views. With finance available subject to status and lender’s criteria, the Echo Building presents an excellent opportunity to earn a return on investment of up to 27% (based on a 2-bedroom apartment priced at £78,000).
Sunderland is a thriving city with a lot of opportunities for its residents with 80 international companies, such as Nike and EDF Energy, 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.
In addition to hosting an advanced manufacturing sector, the city also boasts one of the UK’s most notable digital clusters, specialising in app & software development. Growth in both of these sectors has seen Sunderland’s digital tech jobs grow by 49% between 2011 and 2015.
Sunderland’s thriving digital sector stems from the establishment of Sunderland Software City in 2009 – a partnership between Sunderland’s public, private and educational sectors to support the growth of digital businesses in the city. The partnership has supported over 500 businesses and aims to create more than 2,000 jobs by 2020.
With a digital salary growth of 26% from 2012 to 2015, Sunderland’s tech industry is booming in line with global trends. Capitalising on the strength of the North East’s IT economy, which is expected to be worth around £1.1bn by 2020, the University of Sunderland is one of four regional institutions that has formed the ‘Northern Accelerator’ after being awarded £4.9m in funding from the government.
As an institution of global significance, the University of Sunderland is working to boost the city’s already impressive international profile. With innovative facilities and a dedication to expand its student population, the demand for student property in Sunderland is set to continue to grow.
Furthermore, the inherent affordability of the North, where wages are more closely aligned with the cost of living, means students in Sunderland find better value for money, from everyday living expenses to more reasonable accommodation rates.
To receive an investment brochure and get more information about this excellent city centre opportunity, contact us today.
Risk Warning and Disclaimer:
The price of property can go down as well as up. Historic performance should not be taken as a guarantee of future performance. Geared property investment with mortgages can increase risk of losing money as well as increasing the possible gains. Mortgage products referred to in the website can be withdrawn by the lender or have rates or other terms changed without notice and reference to any products does not imply they are certain to be available in the future. Mortgages referred to may also have certain applicant restrictions and are for indicative purposes only although reasonable endeavours have been used to ensure that they are available at the time of publication and are applicable to a significant number of our purchasers. This site is for information purposes only and nothing on this site should be taken as definitive investment advice for your particular situation without you seeking additional guidance directly from ourselves or from other finance and property professionals. Property particulars on this site do not form part of an offer or contract. The developer and Assetz Property Ltd, whilst endeavouring to ensure complete accuracy in these property particulars, cannot accept liability for any errors. Valuations of property or indicated rents achievable are either estimated or derived from valuations and/or comparables and can change and should not be relied upon without your own additional valuation and research, but we have carried out reasonable endeavours to achieve accurate indications for these figures. All descriptions, dimensions, areas, reference to condition and, if necessary, permissions for use and occupation and their details, are given in good faith as provided by the developer and are believed to be correct. However, these are subject to change, especially, but not wholly, relating to any property that is off-plan or not yet complete. Any intending purchaser should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to their accuracy. The onus is on each individual investor to undertake their own due diligence, enquiries and inspections. Where shown, net yields are calculated as rental income less expected service charges less expected ground rent as a percentage of the property price. No void periods, optional letting agent costs, repairs or other costs are deducted. Our standard Terms and Conditions of Sale will apply. E. & O. E.