The Spine of Sunderland’s

Student Accomodation

The latest student development project in Sunderland City

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Contents
Introduction 2

Mission Statement 3

Res Property Management Standards 4

General Management 5

Move Prin ocess 6

Operational Processes 7

Move Prout ocess 8

TThe eam 9

Local Community 10

University Partnerships 11

Pastoral Care 12

Short Term Summer Lets 13

Summary 14
The Spine of Sunderland’s
Student Accomodation
Codex is located in Villers St, Sunderland SR I !AA and is a 5 minute walk from the University
of Sunderland. Strong demand expected from all students, especially postgraduates and
overseas students. Many students across the world consider about travelling or studying
abroad at some point in their degree.

A flat or house is generally more expensive than any other option, and you may find it hare
to find accommodation that is close to your campus. However many students like the
freedom to live where they choose, live with whom they like and choose the type of place
they want to live in. With halls, you don’t have this flexibility.

»» 5 minutes walk room Sunderland University

»» Communal courtyard, student lobby
»» TV lounge & games areas
»» 155 Studio Apartments
»» Residents gym, Meeting room, Laundry
»» High speed internet & Free Wifi
»» 24 hours CCTV & Bike Storage
»» Prices starting from £74,999
»» 9% NET assured rent for 2 Years

Why invest in codex student

accommodation in Sunderland?
»» Location - CODEX is 5 minutes from the University making it the closest
student accommodation site.
»» Demand - There is a shortage of student accommodation by 19%
»» Endorsed by the Sunderland University as a preferred accommodation
provider.
»» £3.5 billion invested into the sector in 2017.
»» Managed by the UK’s NO .1 student accommodation management company.
»» 9% Net Yields

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Room Specifications:
»» Made to measure 600x600 Wardrobe with Hanging facility, Drawers and
Shelves
»» A queen size bed and storage facility underneath
»» A fully function kitchen with Single bowl & Mixer Tap, twin induction system
Hob, Extractor, integrated Oven/microwave, Fridge-fridge.
»» Fully tiled bathroom - Basin with mixer tap, modern Toilet and 800x800 shower
with rain-forest shower head 250x250.
»» Study Table 800x500 with double socket switch and USB, Separate Ethernet
Connection socket
»» Intercom system connected to reception only
»» Key-fob entry
»» Tilt, double glazed windows
»» central heating 500mm radiator
»» All rooms comes with 11mm laminate flooring

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General Building facility:
»» Key-fob/ Net2- access control system
»» CCTV
»» Intercom
»» Central Fire panel /control system
»» Sprinklers
»» Lift access to all floors
»» Pay & use washing machine dryer
»» Manned Reception
»» Hire party Room with cooking facility (free of Charge)
»» Cinema room
»» Game room
»» Gym
»» Quite Studio Room

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There is significant scope to build new student housing in a large number of university towns
and cities despite the high level of development in recent years, according to new research
by JLL.

The analysis of 79 university cities and towns, including London, suggests that most markets
are undersupplied. While a quarter have purpose-built student accommodation (PBSA) to
house more than 40% of their students, just under half have supply levels for less than 30%
and some locations, such as Belfast, Worcester and Sunderland, have supply for less than
20%. Many areas have a lack of private accommodation in particular.

Location & Amenities

Sunderland Central Train Station
1 0.3 miles from Fawceet Street

Sunderland Metro Station

2 1.6 miles from Fawceet Street

The Bridge Shopping Centre

3 0.7 miles from Fawceet Street

Empire Cinema
4 0.3 miles from Fawceet Street

Sunderland Software City

5 6.2 miles from Fawceet Street

University of Sunderland City Campus

6 0.5 miles from Fawceet Street

Sunderland Football Club Stadium Newcastle Durham

7 1.2 miles from Fawceet Street 31 miles from Fawceet Street 21 miles from Fawceet Street

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 Sunderland Comparable
Cassaton House All Saints House City View

Weekly Rent: £135 to £150 Weekly Rent: £125 Weekly Rent: £160

Sunderland in Focus
Sunderland is a thriving city with a lot of opportunities for its residents with 80 international
companies, such as Nike and Nissan, having relocated to the city, catering to over 25,000
employees. Sunderland City Council is investing money in the city centre to breathe new life
into the city. Redevelopment projects comprise a new 1.8 million public square which was
completed in 2015.

TRANSPORT POPULATION ECONOMY

£337 Million
Invested in a new fleet for the
Tyne & Wear Metro, which serves
Sunderland
278,000 £1 Billion
People live in Sunderland - Source Official Invested in redevelopments across
Labour Market Statistics
the city Source: Sunderland 2021

STUDENT HOTSPOT PROSPECTS MANUFACTURING

Top Location - Voted the ‘Top 101% Up to £14m
Student Town for Landlords’ in Increase in turnover for the Digital Set to be invested to increase the
2016 Source Lendinvest Sector in Sunderland Source Tech production at the Nissan Car Plant
Nation Source - The Telegraph

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Student Demand in Sunderland
Sunderland is home to the University of Sunderland, with nearly 19,500 students enrolled
from over 100 countries. Image: Cityspace, University of Sunderland

The city was awarded the title ‘Top Student Town’ for landlords in 2016, thanks to the high
average rental yield and low house prices - surpassing student hotspots such as Manchester
and Newcastle-upon-Tyne.

Home to a growing digital industry, Sunderland has attracted a large number of students
from around the world to study in the city, with more than 30% of those enrolled at the
University coming from overseas.

The University’s graduates also enjoy a high rate of employment and further study, with in
excess of 90% of graduates finding onwards opportunities within 6 months of finishing their
education at Sunderland.
»» University of sunderland 19,478 - students enrolled.
»» No.1 student town for Landlords in 2016.
»» 94% of graduates enter employment or further study within 6 months of
graduation.
»» 31% of all students enrolled are international.
»» The university has campuses in london and Hong Kong.

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 The Developer
KAW Project Ltd

Solihull Heights – Birmingham 107 New Build Residential flats

Villa Road Birmingham– New Build Office and Residential Flats

Coventry – New Build 64 Bed Student accommodation

Ongoing Completion August 2018

Iron Bridge Telford– 17 Houses & Flats New Build Residential New Build

Location of 2 more Houses on the same site – To be started June 2018

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The Rental Manager
Student Management Company

Whether it’s your first year or final year, finding a home from home during your university
years is an essential part of your student experience. At Hackett Property, we specialise
in sourcing student accommodation in Sunderland, and offer a selection of different
accommodation types to suit all tastes and budgets. Boasting prime locations, excellent
amenities and great quality, we aim to deliver a richer student living experience. Our
portfolio features everything from halls of residence to studio apartments and 9-bedroom
homes. Our team also work closely with student housing providers and developers to offer
modern, premium student accommodation in central locations throughout Sunderland.
Discover your student accommodation options for the upcoming term by getting in touch
with our friendly, dedicated team today to discuss your requirements.

In the 13 years of trading from our city centre offices we have firmly established ourselves as
Sunderland’s largest and leading lettings agent specialising in both Student and Professional
lettings. We presently have over 600 Properties (not rooms) managed and look after other
prestigious schemes in the city including doing the FM on Cassaton House (106 studios) in
Fawcett Street and John Street (72 studios and 1-2 bed apartments).

Our highly experienced team is headed by Haley from the office who herself has over 20
years of experience, we have a great team including Chinese/Mandarin speaking members
and student envoys.

Our management is locally covered 24/7 and fees are competitive, our two offices are
both only minutes away from Angel House itself and I believe we are ideally placed to
offer your exciting scheme the very best, specifically tailored package entirely suiting your
requirements.

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Frequently Asked Questions
What is the address of the development?
Borough Road, Sunderland, SR1 1HW

Will I own the property?

Yes. You will be purchasing a 250-year leasehold property and the Title Deeds will be
registered with the UK Land Registry upon the completion of the purchase.

How long is my rental assurance?

The rental assurance is provided by the developer for Fawcett Street for 3 years with
purchasers contracted to receive a NET rental return of 9% of the purchase price per annum
from the developer.

What is the rental payment schedule?

Payments for Fawcett Street will be made quarterly in arrears.

Are there legal costs?

Yes, as with all property transactions in the UK a conveyancer will charge for legal work and
disbursements.

Purchase Process
Step 1: Reservation
Reservation agreement completed & £2,000 non-refundable fee paid and deducted from the
deposit on exchange

Step 2: Solicitors Instructed

Solicitors instructed, legal pack sent out & anti-money laundering process completed

Step 3: Exchange of Contracts

25% of purchase price is paid, less the reservation fee, paid to solicitors & contracts
exchanged within 28 days of reservation

Step 4: Stage Payment

A further 25% of the purchase price is paid 60 days post exchange of contracts

Step 5: Legal Completion

The remaining 50% of the purchase price is paid, the purchase is completed and Title Deeds
registered with the UK Land Registry

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Disclaimer
1. This information is and remains the property of the Master Agent is made
available to the addressee subject to the terms and conditions of this
Disclaimer. A copy of this information is made available to you for your
personal use and must not be given, shared or communicated with any other
person except for your own professional advisors for the sole purpose of
obtaining their advice.

2. The Agent and the Master Agent endeavour to provide accurate, up to date
and complete information but makes no warranties or representations as
to the accuracy, reliability or completeness or otherwise of the information
contained herein. The Master Agent assumes no responsibility or liability for
any omissions or errors contained in the information.

3. The Agent acts as a sub-agent to the Master Agent; specifically, the Master
Agent accepts no liability to the Purchaser for fraudulent misrepresentation
made by the Agent.

4. The Master Agent acts as an agent for the Developer and as such accepts
no liability to the Purchaser. Further and in any event, if notwithstanding this
provision liability is established against the Master Agent, then it is agreed
that the total maximum amount of such liability is limited to and shall not
under any circumstances exceed the amount of the net Reservation Fee of
any reservations made.

5. Purchasers are required to conduct their own due diligence and make their
own judgement on the property being offered. Purchasers must verify the
information and any speculative information offered by the Agent and
the Master Agent. Purchasers are strongly recommended to perform their
own financial and legal assessment of any opportunity prior to making any
commitment to participate.

6. Neither the Agent nor the Master Agent provides or offers an opinion as to
whether a particular property is appropriate for a particular individual and
owes no duty of care to the Purchaser.

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Disclaimer
7. The Agent and the Master Agent, respectively, each offer only an opinion
on the opportunity in general terms and in relation to the market as a whole.
Neither the Agent nor the Master Agent is able to comment on or give
opinions on the strength or validity of any bond or insurance policy and
Purchasers are strongly recommended to perform their own diligence and
seek legal opinion.

8. Neither the Agent nor the Master Agent accepts any responsibility for
amendments to or changes in rates of taxation, introduction of new taxes,
changes to existing legislation or the introduction of new legislation or any
matters relating to the final contractual arrangements for any purchase.

9. The Purchaser may be liable for property-related taxes in connection with

property purchases and ownership in addition to any ongoing personal or
corporate taxation which may apply; for the avoidance of doubt, neither the
Agent nor the Master Agent shall have any liability for such taxes.

10. Where rental assurances or guarantees are offered as part of the purchase,
the Developer will contract directly with the Purchaser to assure the rental
income at the specified rate and for the specified duration, but this is not
supported by an insurance policy, bond or bank, unless specified, nor is this
warranted or supported by the Agent or the Master Agent.

11. Descriptions of property, homes, buildings, locations or Development

particulars, specifications and pictures and artists impressions of any property,
home, building, location

12. or Development are given in good faith and believed to be correct, but they
do not form part of any offer or solicitation and are intended only as a general
guide. Neither the Agent nor the Master Agent controls the building or
development of any project.

13. All descriptions are intended only as a general guide and are not to be relied
upon by the Purchaser or by any other interested parties as a statement or
representation of fact and the Purchaser or any interested parties should
satisfy themselves by inspection or otherwise.

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Disclaimer
14. The Purchaser acknowledges that Developers reserve the right to alter plans,
designs and specifications at any time without prior notice. Therefore, neither
the Agent nor the Master Agent will be responsible for such changes.

15. The Agent and the Master Agent have endeavoured to provide the highest
quality information, backed up by substantial experience and proven evidence
from the marketplace. However, individual interpretation of information may
vary, and individual circumstances, skills, abilities, knowledge and attitude play
an important part in achieving a particular outcome. In addition, the future
behaviour of the property market may not follow past experience, either,
internationally, nationally or locally. For this reason, Neither the Agent nor the
Master Agent warrants, guarantees or promises that Purchaser will make a
profit from any property transaction entered into, whether as a result of acting
on information contained within this document or otherwise. As with any
purchase, this may result in a loss.

16. Where applicable, as in the case of a consumer and not a business customer
(“Consumer”) the Consumer Protection from Unfair Trading Regulations
2008 and the Consumer Protection (Amendment) Regulations 2014 (singly or
together the “CPR”) which prohibit unfair practices, shall apply. To satisfy the
obligations under the CPR, the sales particulars have been prepared by the
Master Agent upon the instruction of the Developer and in accordance with
these Regulations. The sales particulars are produced in good faith and are
not intended to form part of a contract. Where the CPR apply, the Consumer
may, without giving reason, cancel this Agreement within 14 (fourteen) days
from the day it was signed. Such cancellation must be in writing and may
either be in the Consumer’s own words, or he / she may ask the Master Agent
for a form of cancellation notice. For the avoidance of doubt, if the Consumer
cancels, the Developer must re-pay the Reservation Fee to the Consumer

17. Neither the Agent nor the Master Agent is authorised or regulated by the
Financial Conduct Authority (“FCA”) and as such neither is permitted to
offer financial advice about investments, whether regulated or unregulated;
accordingly, neither the Agent nor the Master Agent offers financial advice. In
case of queries or doubt, Purchaser and any other interested parties should
consult an FCA-regulated Independent Financial Advisor.

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