Turnkey city centre investment producing £500 PCM (£6,000 per annum) with a reliable long-term tenant in situ and no rental arrears.
Description
A fantastic opportunity to acquire this well-presented leasehold studio apartment situated within the popular Horizon House development in the heart of Sunderland city centre. The property is sold with the benefit of an established and reliable tenant in situ, currently paying £500 PCM (£6,000 per annum) with no arrears, making it an ideal turnkey investment.
The accommodation comprises a secure communal entrance with lift access, an open-plan studio living space incorporating a fitted kitchenette, modern shower room, and fitted storage. Residents also benefit from access to communal facilities including a gym and attractive reception area.
Horizon House occupies a highly convenient location within easy reach of Sunderland University, the city centre, Park Lane Interchange, Sunderland railway and Metro stations, together with an excellent range of shops, restaurants, bars and leisure amenities. The property is well positioned to attract continued rental demand from students and professionals alike.
The property is leasehold, has an EPC Rating of D, and is offered as a ready-made investment with immediate rental income from day one.
Leasehold • EPC D • Let at £500 PCM (£6,000 per annum) • Established tenant with no arrears • City centre location • Excellent buy-to-let investment • Communal gym and secure entry • Auction sale
Pre-auction offers may be considered.
Tenure: Leasehold
EPC Rating: D
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
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- 1 Bedroom
- Unconditional (Immediate Exchange)
Call the team on 0191 908 9691 for more information
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