Auction Date Commencing on Monday 15th September at 1pm and ending 24 hours later on Tuesday 16th September at 1pm with Auction House North East
Please register to bid via our website - auctionhouse.co.uk/northeast
Description
Auction Date Commencing on Monday 15th September at 1pm and ending 24 hours later on Tuesday 16th September at 1pm with Auction House North East
Please register to bid via our website - auctionhouse.co.uk/northeast
Investor Opportunity – 1-Bed Apartment with Tenant in Situ (£525pcm) in Sought-After Marina Location.
An excellent investment opportunity – this well-presented one-bedroom apartment is offered for sale with a longstanding tenant in situ, currently paying £525 per calendar month (£6,300 per annum), with scope for future rental uplift.
The apartment is set within the sought-after Bonners Raff development, close to Sunderland Marina and Roker Beach, offering modern accommodation in a desirable location.
Key Features:
-One double bedroom
-Spacious living/dining room with fitted kitchen
-Modern bathroom
-Secure entry system
-Allocated parking
-Sold with tenant in situ – immediate rental income of £525pcm
-Potential to increase rental yield with market review
Location:
Situated on Chandlers Road, the property is within easy reach of Sunderland city centre, transport links, and the coastline. Its location ensures continued strong rental demand, making it an attractive buy-to-let investment.
This is a rare opportunity to acquire a turnkey rental property in a popular area, generating income from day one with further potential for growth.
Tenure: Leasehold
EPC Rating: B - EXPIRED
Important Notice to Prospective Buyers
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Administration Charge
£3,600 inc vat payable upon the fall of the virtual gavel
Loading the bidding panel...
- Apartment
- 1 Bedroom
- Unconditional (Immediate Exchange)
Call the team on 0191 908 9691 for more information
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.