The Rocket is a fantastic investment opportunity consisting of 218 luxury fully furnished studio units. The Rocket is perfectly located to meet the increasing demand for purpose built student accommodation. At the same time, this will provide investors with a fantastic income generating opportunity. The recent increase in investment has caused an escalation in employment.
New jobs created within the area have risen by 8.5% since 2005; four times better than the average for the North East of England and twice that of the UK as a whole! Through the development and growth of new businesses, the property market follows suit; increases in employment habitually raise the demand for housing and the associated amenities that are needed in the area.
The Rocket will offer tenants the sole use of a modern gym, luxury cinema room, exciting games room, and concierge service. With an increasing student population and more regeneration happening in the town, people are looking to move into more modern purpose built accommodation.
With an increasing student population and more regeneration happening in the town, people are looking to move into more modern purpose built accommodation. Making Stockton-on-Tees an ideal area for property investment.
Location
Stockton-on-Tees is a growing borough. Characterised by its industrial heritage and framed by rugged coastline and beautiful moorland with the winding River Tees at its heart.
Just under a 10 minute walk away from Durham University’s Queens Campus is The Rocket. It offers a modern living space to students providing them with all of today’s contemporary comforts.
Terms
Investors will benefit from a 10% net rental yield, guaranteed for 3 years. Additionally there will be 5% interest paid on all deposited funds, making this truly an opportunity not to be missed.
This is a completely ‘hands off’ purpose-built student property investment, with all units being fully managed by an experienced management company.
With a low starting price of £64,995, and flexible payment plans in place, the demand for this development has already been high, and is expected to sell quickly. Please fill out the form on the right to get additional information and unit availabilities.
Investment Highlights
- Luxury Studio Apartments
- Fully furnished
- A hassle free investment with full property management
- 125 Year Lease
- Fantastic student location
Specification
- Comfortable Double Bed
- Storage
- Work Station
- Fully Fitted Modern Kitchen
- High spec Shower, Toilet, and Sink
- Modern Gym
- Games Room
- Laundry Facilities
- Secure Cycle Storage
- Reception & Concierge service