CHAD HOUSE Sunderland Road, Gateshead, NE8 3HY 1
80 x 1 Bedroom Apartment 60,000 9 x 2 Bedroom Apartment 80,000 Total Purchase Price 5,520,000 Service charge 575 pa - per apartment 51,175 pa GrouNd rent 350 pa per apartment 31,150 pa LeASe 125 Years from 2017 Gross rental yield 10.1% Net rental yield 8.0% Net rental yield is assured for 3 years ResInvest are delighted to offer this development of 89x apartments consisting of 80 x 1 Bed and 9 x 2 Bed apartments. All newly renovated to a high standard in this converted office building. The property is located next to Gateshead highway, with direct links to the centre of Newcastle. An excellent development situated close to all local amenities including schools, Hospitals and the abundance of bars, shops & restaurants the city has to offer. 2
Pre-development photo Artist s impressions Chad House Project C H A D H O U S E 3
The ProPerTY comprises of; entrance hall, LouNGe, kitchen, fridge freezer, BuiLT in oven, hob ANd extractor. A Good Sized Bedroom ANd A modern BAThroom. 1 BEDROOm ApARTmENT ExAmplE 80 AVAIlABlE APProximATe Size: 415 Sq ft furnishing: unfurnished LouNGe Generous sized living area with window to front and electric radiator. kitchen Fitted with a range of wall and base units with complimentary working surfaces. Stainless steel sink unit. Built in oven, hob and extractor. Fridge freezer. Splash back tiling, and sockets. Bedroom Electric radiator. BAThroom With modern white suite, panel bath with shower above, pedestal wash hand basin, low level WC, extractor fan. 4
The ProPerTY comprises of; entrance hall, LouNGe, kitchen, fridge freezer, BuiLT in oven, hob ANd extractor. A Good Sized Bedroom ANd A modern BAThroom. 2 BEDROOm ApARTmENT ExAmplE 9 AVAIlABlE APProximATe Size: 569 Sq ft furnishing: unfurnished LouNGe Generous sized living area with window to front and electric radiator. kitchen Fitted with a range of wall and base units with complimentary working surfaces. Stainless steel sink unit. Built in oven, hob and extractor. Fridge freezer. Splash back tiling, and sockets. Bedroom Electric radiator. BAThroom With modern white suite, panel bath with shower above, pedestal wash hand basin, low level WC, extractor fan. 5
proposed plan BASEmENT B 6
proposed plan GROUND FlOOR G 7
proposed plan FIRST FlOOR 1 8
proposed plan SECOND FlOOR 2 9
proposed plan THIRD FlOOR 3 10
proposed plan FORTH FlOOR 4 11
proposed plan FIFTH FlOOR 5 12
proposed plan SIxTH FlOOR 6 13
proposed plan SEVENTH FlOOR 7 14
proposed plan EIGHTH FlOOR 8 15
ACCOmODATION SCHEDUlE - FlOORS G TO 2 Plot Storey Beds Garage Sqft 1 G 2 parking 631 2 G 1 parking 415 3 G 1 parking 410 4 G 1 parking 498 5 G 1 parking 487 6 G 1 parking 410 7 G 1 parking 415 8 G 1 parking 400 9 G 1 parking 506 10 1st 1 parking 482 11 1st 1 parking 400 12 1st 1 parking 415 13 1st 1 parking 410 14 1st 1 parking 433 15 1st 2 parking 569 16 1st 1 parking 410 17 1st 1 parking 415 18 1st 1 parking 400 19 1st 1 parking 482 Plot Storey Beds Garage Sqft 20 2 1 parking 482 21 2 1 parking 400 22 2 1 parking 415 23 2 1 parking 410 24 2 1 parking 433 25 2 2 parking 569 26 2 1 parking 410 27 2 1 parking 415 28 2 1 parking 400 29 2 1 parking 482 16
ACCOmODATION SCHEDUlE - FlOORS 3 TO 5 Plot Storey Beds Garage Sqft 30 3 1 parking 482 31 3 1 parking 400 32 3 1 parking 415 33 3 1 parking 410 34 3 1 parking 433 35 3 2 parking 569 36 3 1 parking 410 37 3 1 parking 415 38 3 1 parking 400 39 3 1 parking 482 40 4 1 parking 482 41 4 1 parking 400 42 4 1 parking 415 43 4 1 parking 410 44 4 1 parking 433 45 4 2 parking 569 46 4 1 parking 410 47 4 1 parking 415 48 4 1 parking 400 49 4 1 parking 482 Plot Storey Beds Garage Sqft 50 5 1 parking 482 51 5 1 parking 400 52 5 1 parking 415 53 5 1 parking 410 54 5 1 parking 433 55 5 2 parking 569 56 5 1 parking 410 57 5 1 parking 415 58 5 1 parking 400 59 5 1 parking 482 CONTINUED... 17
ACCOmODATION SCHEDUlE - FlOORS 6 TO 8 Plot Storey Beds Garage Sqft 60 6 1 parking 482 61 6 1 parking 400 62 6 1 parking 415 63 6 1 parking 410 64 6 1 parking 433 65 6 2 parking 569 66 6 1 parking 410 67 6 1 parking 415 68 6 1 parking 400 69 6 1 parking 482 70 7 1 N/A 482 71 7 1 N/A 400 72 7 1 N/A 415 73 7 1 N/A 410 74 7 1 N/A 433 75 7 2 N/A 569 76 7 1 N/A 410 77 7 1 N/A 415 78 7 1 N/A 400 79 7 1 N/A 482 Plot Storey Beds Garage Sqft 80 8 1 N/A 482 81 8 1 N/A 400 82 8 1 N/A 415 83 8 1 N/A 410 84 8 1 N/A 433 85 8 2 N/A 569 86 8 1 N/A 410 87 8 1 N/A 415 88 8 1 N/A 400 89 8 1 N/A 482 CONTINUED... 18
80 x 1 Bedroom Apartment 60,000 9 x 2 Bedroom Apartment 80,000 Total Purchase Price 5,520,000 The AreA. changing the face of Gateshead town centre for ever, the multi-million-pound Trinity Square has official opened. Costing in excess of 150m, Trinity Square will create 1,100 jobs, accommodation for 1,000 Northumbria University students, a nine-screen cinema, health centre and 38 stores. In the square before the opening with her family was Jeanette mossman, 60. She said: It would be nice to see Gateshead get some boutiques. A shopping centre like this was long overdue for people in Gateshead. Centre manager Tony pickering said: We are delighted that today has finally arrived and we warmly welcome the community of Gateshead to experience the new retail and leisure opportunities. As well as providing great employment opportunities within the area, many of the retail and leisure tenants opening their doors over the coming months will be new to Gateshead. Gross rental yield 10.1% Net rental yield 8.0% It s hoped the town s latest addition will revolutionise its economy, more than doubling the retail spend in Gateshead and catapulting it 500 places up the national shopping destination rankings. Millennium Bridge & Sage Gateshead Council leader mick Henry said: Over a quarter of a century of culture-led regeneration has directly created the confidence and belief, both here and from investors, that has made the delivery of this project possible. This development is a major quality-of-life improvement for the people of Gateshead, with its high-quality public spaces together with the creation of a new vibrant and diverse evening economy. Built on the site of the infamous Get Carter car park, it took more than 4,000 tradesman 37 months to bring Trinity Square, with its flagship Tesco Extra store, to fruition. 19
THE local AREA INFORmATION Gateshead Central Gatehead Millennium Bridge Newcastle City Centre Newcastle University Newcastle City Centre Newcastle University Sunderland City Centre Durham University <5 minutes 20 minutes 30 minutes 40 minutes 10 minutes 12 minutes 30 minutes 30 minutes Nearest Local Train station Gateshead metro: 5 mins walk Nearest national Train Station Newcastle: 25 mins walk By train to London Newcastle London: 3 hrs Map Coordinates: 54 57'30.7"N 1 35'46.6"W Newcastle town centre 1.6 miles Millennium Bridge 1 mile Angel of the North 3.4 miles 20
COmpARABlES FOR SAlES PurchASe Price - 1 Bed 60,000 THIS IllUSTRATES WHERE THE property WIll FIT INTO price WISE ON RE-SAlE; 82,000 This property is for sale and is similar size and spec as the property offered. 81,000 This property is for sale and is similar size and spec as the property offered. 75,000 This property is for sale and is similar size and spec as the property offered. 74,950 This property is for sale and is similar size and spec as the property offered. 70,000 This property is for sale and is similar size and spec as the property offered. 69,000 This property is for sale and is similar size and spec as the property offered. 21
COmpARABlES FOR SAlES PurchASe Price - 2 Bed 80,000 THIS IllUSTRATES WHERE THE property WIll FIT INTO price WISE ON RE-SAlE; 95,000 This property is for sale and is similar size and spec as the property offered. 95,000 This property is for sale and is similar size and spec as the property offered. 94,950 This property is for sale and is similar size and spec as the property offered. 94,950 This property is for sale and is similar size and spec as the property offered. 92,950 This property is for sale and is similar size and spec as the property offered. 92,500 This property is for sale and is similar size and spec as the property offered. 22
COmpARABlES FOR lettings THIS IllUSTRATES WHERE THE property WIll FIT INTO price WISE REGARDS TO lettings; estimated rental - 1 Bed 525pcm 650pcm This is a 1 bedroom and is similar in size and spec to the property offered. 585pcm This is a 1 bedroom and is similar in size and spec to the property offered. 650pcm This is a 1 bedroom and is similar in size and spec to the property offered. 575pcm This is a 1 bedroom and is similar in size and spec to the property offered. 595pcm This is a 1 bedroom and is similar in size and spec to the property offered. 550pcm This is a 1 bedroom and is similar in size and spec to the property offered. 23
COmpARABlES FOR lettings THIS IllUSTRATES WHERE THE property WIll FIT INTO price WISE REGARDS TO lettings; estimated rental - 2 Bed 675pcm 775pcm This is a 1 bedroom and is similar in size and spec to the property offered. 737pcm This is a 1 bedroom and is similar in size and spec to the property offered. 754pcm This is a 1 bedroom and is similar in size and spec to the property offered. 725pcm This is a 1 bedroom and is similar in size and spec to the property offered. 750pcm This is a 1 bedroom and is similar in size and spec to the property offered. 725pcm This is a 1 bedroom and is similar in size and spec to the property offered. 24
West Midlands Office Telephone: 0330 223 0331 Business & Technology Centre Shifnal Road, Priorslee Telford, Shropshire, TF2 9NT http://www.nu-move.co.uk *Disclaimer: The service charge advertised is only an estimate of service charge and is not an exact figure of the service charge applicable for the property or the building and is subject to a formal valuation by a Managing Agent. The Managing Agent will then provide a more accurate service charge budget for the whole of the building which may include any works required. Service charge is also reviewed twice a year and could be subject to increase in accordance with the term of the Lease for the property. The estimate therefore cannot be relied upon. 25