A pair of dentists turned property developers have completed a student accommodation development in Sunderland with the help of a North East law firm.
Dr Akash Ghai and Dr Deepinder Singh Somal have converted a former nursing home on Thornhill Crescent into The City View, which encompasses 41 student flats.
The en-suite rooms are arranged into four, five and six-bedroom flats, along with 10 self-contained studio apartments and a two-bedroom flat.
A shared cinema and games room and laundrette facilities have also been incorporated into the design.
Dr Akash Ghai said: “After buying our first investment property together back in 2007 we noticed that there was a real demand for high quality student accommodation, which is what drove us to continue developing properties across the city.”
Funding for the project came from the Funding for Lending Scheme via Lloyds Bank Commercial Banking.
Newcastle law firm Sintons acted for the purchasers in the deal. Real estate solicitor Sue Hennessey led the team which acquired the site.
She said: “This is a very impressive development which addresses a need for more student accommodation in the area – the fact it was fully let so soon is proof of that, as well as being testament to its quality.
“The real estate team at Sintons works extensively in the creation of new student housing provision across the North East, and our in-depth knowledge of this area means we are able to support buyers and developers with every requirement. We are pleased to have been able to assist Akash and Deepinder with the latest addition to their portfolio.”