Horizon
Sunderland
Horizon Apartments was refurbished by Oxhey Property and completed in 2020. It was once the Tax office, then the headquarters of God TV, and now high quality accommodation for both professionals and students in the heart of Sunderland. Tenants benefit from a communal gym, cinema, party room, cafe and business suite.
Available Properties:
Apartment 309 is a tenanted studio, with the tenants paying £410pcm till September 2022. Currently the NET return is 6% though there are other similar apartments in the development advertised at over £450pcm. Priced £57,500
Apartment 307 is a tenanted studio, with the tenants paying £370pcm till July 2022. Currently the NET return is 5.2% though there would be an opportunity to increase the rent to over £400pcm in line with others in the development (a similar apartment was rented £410 in March), obviously increasing the yield. Priced £57,500
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Horizon, Sunderland example images (not necessarily the apartments available)
