Auction Commencing on Monday 21st September at 1pm and ending 24 hours later on Tuesday 22nd September from 11am with Auction House North East.
Please register to bid via our website - auctionhouse.co.uk/northeast
Description
Auction Commencing on Monday 21st September at 1pm and ending 24 hours later on Tuesday 22nd September from 11am with Auction House North East.
Please register to bid via our website - auctionhouse.co.uk/northeast
TENANTED INVESTMENT OPPORTUNITY – Sixth-floor studio apartment in Sunderland city centre, currently let at £500 PCM (£6,000 PA), with fitted kitchen, bathroom and EPC rating C.
An excellent opportunity for investors to acquire this sixth-floor studio apartment within the popular Horizon House development in Sunderland city centre.
The property is currently let at £500 per calendar month, producing a passing rental income of £6,000 per annum, providing an immediate income stream from completion.
The accommodation extends to approximately 16 sq m and comprises an entrance hall, bathroom with shower, fitted kitchen area and an open-plan lounge/bedroom. The apartment benefits from a large window frontage providing plenty of natural light.
Horizon House is conveniently positioned within Sunderland city centre, providing easy access to a wide range of shops, bars, restaurants and transport connections, making the development popular with tenants.
An affordable, ready-made investment opportunity which should appeal to landlords looking to add an income-producing property to their portfolio.
Tenure: Leasehold
EPC Rating: C
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.