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.
