CHAD HOUSE SUNDERLAND ROAD, GATESHEAD, NE8 3HY INTRODUCING HIGH-PERFORMING, LOW-COST UK RESIDENTIAL PROPERTY INVESTMENT OPPORTUNITIES
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Summary Chad House Views 1 Bedroom Apartment 2 Bedroom Apartment Floorplans Accomodation Schedule Gateshead Area Summary Comparables for Sales Comparables for Lettings 04 05 06 07 08 18 21 22 24
SUMMARY 80 x 1 Bedroom Apartment 60,000 9 x 2 Bedroom Apartment SERVICE CHARGE 575 pa - per apartment 51,175 pa GROUND RENT 80,000 Total Purchase Price 5,520,000 350pa - per apartment LEASE 125 Years from 2017 31,50 pa Gross Rental Yield Net Rental Yield 10.1% 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. 04 Disclaimer: Ground rent and service charge rates are provided for information purposes only and are subject to change and confirmation in the Contractual documentation provided on exchange and completion. Gross rental yield values are estimates and provided for infoirmation purposes only.
CHAD HOUSE VIEWS 05
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 BED 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. Disclaimer: The pictures provided are for illustrative purposes only and are subject to change during the development process. 06
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 Wall mounted heater and TV and phone points. To 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 1 AND 2 Electric radiator. BATHROOM With modern white suite, panel bath with shower above, pedestal wash hand basin, low level WC, extractor fan. Disclaimer: The pictures provided are for illustrative purposes only and are subject to change during the development process. 07
PROPOSED FLOOR PLANS BASEMENT 08
PROPOSED FLOOR PLANS GROUND FLOOR 09
PROPOSED FLOOR PLANS FIRST FLOOR 10
PROPOSED FLOOR PLANS SECOND FLOOR 11
PROPOSED FLOOR PLANS THIRD FLOOR 12
PROPOSED FLOOR PLANS FOURTH FLOOR 13
PROPOSED FLOOR PLANS FIFTH FOOL 14
PROPOSED FLOOR PLANS SIXTH FLOOR 15
PROPOSED FLOOR PLANS SEVENTH FLOOR 16
PROPOSED FLOOR PLANS EIGHTH FLOOR 17
ACCOMODATION SCHEDULE Unit No. Floor Type Garage Sq.Ft. 1 G 2 bed Parking 631 2 G 1 bed Parking 415 3 G 1 bed Parking 410 4 G 1 bed Parking 498 5 G 1 bed Parking 487 6 G 1 bed Parking 410 7 G 1 bed Parking 415 8 G 1 bed Parking 400 9 G 1 bed Parking 506 10 1st 1 bed Parking 482 11 1st 1 bed Parking 400 12 1st 1 bed Parking 415 13 1st 1 bed Parking 410 14 1st 1 bed Parking 433 15 1st 2 bed Parking 569 16 1st 1 bed Parking 410 Unit No. Floor Type Garage Sq.Ft. 17 1st 1 bed Parking 415 18 1st 1 bed Parking 400 19 1st 1 bed Parking 482 20 2nd 1 bed Parking 482 21 2nd 1 bed Parking 400 22 2nd 1 bed Parking 415 23 2nd 1 bed Parking 410 24 2nd 1 bed Parking 433 25 2nd 2 bed Parking 569 26 2nd 1 bed Parking 410 27 2nd 1 bed Parking 415 28 2nd 1 bed Parking 400 29 2nd 1 bed Parking 482 18
ACCOMODATION SCHEDULE Unit No. Floor Type Garage Sq.Ft. 30 3rd 1 bed Parking 482 31 3rd 1 bed parking 400 32 3rd 1 bed parking 415 33 3rd 1 bed parking 410 34 3rd 1 bed parking 433 35 3rd 2 bed parking 569 36 3rd 1 bed parking 410 37 3rd 1 bed parking 415 38 3rd 1 bed parking 400 39 3rd 1 bed parking 482 40 4th 1 bed parking 482 41 4th 1 bed parking 400 42 4th 1 bed parking 415 43 4th 1 bed parking 410 44 4th 1 bed parking 433 45 4th 2 bed parking 569 Unit No. Floor Type Garage Sq.Ft. 46 4th 1 bed parking 410 47 4th 1 bed parking 415 48 4th 1 bed parking 400 49 4th 1 bed parking 482 50 5th 1 bed parking 482 51 5th 1 bed parking 400 52 5th 1 bed parking 415 53 5th 1 bed parking 410 54 5th 1 bed parking 433 55 5th 2 bed parking 569 56 5th 1 bed parking 410 57 5th 1 bed parking 415 58 5th 1 bed parking 400 59 5th 1 bed parking 482 19
ACCOMODATION SCHEDULE Unit No. Floor Type Garage Sq.Ft. 60 6th 1 bed parking 482 61 6th 1 bed parking 400 62 6th 1 bed parking 415 63 6th 1 bed parking 410 64 6th 1 bed parking 433 65 6th 2 bed parking 569 66 6th 1 bed parking 410 67 6th 1 bed parking 415 68 6th 1 bed parking 400 69 6th 1 bed parking 482 70 7th 1 bed N/A 482 71 7th 1 bed N/A 400 72 7th 1 bed N/A 415 73 7th 1 bed N/A 410 74 7th 1 bed N/A 433 75 7th bed N/A 569 Unit No. Floor Type Garage Sq.Ft. 76 7th 1 bed N/A 410 77 7th 1 bed N/A 415 78 7th 1 bed N/A 400 79 7th 1 bed N/A 482 80 8th 1 bed N/A 482 81 8th 1 bed N/A 400 82 8th 1 bed N/A 415 83 8th 1 bed N/A 410 84 8th 1 bed N/A 433 85 8th 2 bed N/A 569 86 8th 1 bed N/A 410 87 8th 1 bed N/A 415 88 8th 1 bed N/A 400 89 8th 1 bed N/A 482 20
GATESHEAD AREA 80 x 1 Bedroom Apartment 60,000 9 x 2 Bedroom Apartment 80,000 Total Purchase Price 5,520,000.00 Gross Rental Yield Net Rental Yield 10.1% 8.0% Net rental yield is assured for 3 years 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. 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. 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. Travel Information Walking Distance: Gateshead Central <5 minutes Gatehead Millennium Bridge 20 minutes Newcastle City Centre 30 minutes Newcastle University 40 minutes By Car: Newcastle City Centre 10 minutes Newcastle University 12 minutes Sunderland City Centre 30 minutes Durham University 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). Disclaimer: Ground rent and service charge rates are provided for information purposes only and are subject to change and confirmation in the Contractual documentation provided on exchange and completion. Gross rental yield values are estimates and provided for infoirmation purposes only. 21
COMPARABLES FOR SALES This illustrate where the property will fit into price wise on re-sale PURCHASE PRICE - 1 BED 60,000 82,000 This property is for sale and is a similar size and 81,000 This property is for sale and is a similar size and 75,000 This property is for sale and is a similar size and 74,950 This property is for sale and is a similar size and 70,000 This property is for sale and is a similar size and 69,000 This property is for sale and is a similar size and 22
COMPARABLES FOR SALES This illustrate where the property will fit into price wise on re-sale PURCHASE PRICE - 2 BED 80,000 95,000 This property is for sale and is a similar size and 95,000 This property is for sale and is a similar size and 94,950 This property is for sale and is a similar size and 94,950 This property is for sale and is a similar size and 92,950 This property is for sale and is a similar size and 92,500 This property is for sale and is a similar size and 23
COMPARABLES FOR LETTINGS This illustrate where the property will fit into price wise regards to lettings RENTAL PRICE - 1 BED 525 pcm 650 pcm This property is for rent and is a similar size and 650 pcm This property is for rent and is a similar size and 595 pcm This property is for rent and is a similar size and 585 pcm This property is for rent and is a similar size and 575 pcm This property is for rent and is a similar size and 550 pcm This property is for rent and is a similar size and 24
COMPARABLES FOR LETTINGS This illustrate where the property will fit into price wise regards to lettings RENTAL PRICE - 2 BED 675 pcm 775 pcm This property is for rent and is a similar size and 754 pcm This property is for rent and is a similar size and 750 pcm This property is for rent and is a similar size and 737 pcm This property is for rent and is a similar size and 725 pcm This property is for rent and is a similar size and 725 pcm This property is for rent and is a similar size and 25
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DELIVERYING VALUE WITH TRUSTWORTHY PARTNERS Fixed Return Underwriter - The Lettings Room The Lettings Room Ltd provide a friendly, reliable and professional lettings and management service to the portfolio of properties within the ResInvest family. The Lettings Room Ltd provides the rental guarantees to properties purchased through ResInvest as a part of the lettings and management contract, giving investors a fully managed solution and a hands-off income. Off-Shore Banking - GCEN GCEN and its sister company, GCS are FCA regulated entities which provide payment and custodial services to ResInvest clients. GCEN offer a range of foreign exchange services which allow purchasers who are holding non-gbp to achieve attractive FX pricing and simple settlement. All funds that are held in e-wallets are held in a segregated Santander client account, where they are protected by the Financial Services Compensation Scheme (FSCS). Investment returns are paid directly into your e-wallet where they can easily be re-invested or withdrawn. 27
Disclaimer: Anyone considering the contents of this document should take and rely on his own independent legal and other professional advice. ResInvest Property Ltd is not authorised to give investment/tax advice and you should seek independent financial and legal advice on all information included in this document prior to making any decision. 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. The rental assurance is provided by a third party management agent and not ResInvest Property Ltd. ResInvest Property Ltd takes no responsibility or liability for the ongoing performance of guarantees or assurances given by third parties. 28
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