NEW-LOOK accommodation is on the way for Sunderland students.
A planning application has been submitted to turn Riverview House in the city’s West Wear Street into student housing.
If the plans are approved, the building, currently used as a refugee and asylum seekers’ support centre, would consist of 20 student bedsits, let through Jonathan T Finn Estate Agents.
Work has already begun on refurbishing the property, and the plans include two parking spaces.
As well as these potential new units, the All Saints student accommodation in Portobello Lane will be given a huge makeover.
The 90-room All Saints is being completely refurbished by Fortis Developments, which has experience in delivering high-end student accommodation. It follows the refurbishment of Dunn House in the city.
The three blocks of accommodation will be transformed into 90 fully-furnished, self-contained studios, marketed in three price brackets – standard, deluxe and premium.
A two-floor extension will house a private gym and communal area. The development is expected to be completed in May next year.
Martin Copeland, sales director at Knight Knox International, which will be marketing the accommodation, said: “The location is perfect for students and, following on from the huge success of Dunn House, we are excited to be able to offer another development of the same calibre in the area.” He said that, with a standard studio room starting at £42,500 and offering investors an assured nine per cent net rental yield for the first two years, All Saints was “a fantastic opportunity” for anyone looking for an income-producing investment.
To inquire about the All Saints development, visit www.knightknox.com.