TENANTED INVESTMENT OPPORTUNITY! Modern studio apartment in Sunderland city centre, generating £5,400 per annum, ideal for buy-to-let investors seeking immediate rental income.
Description
An excellent opportunity to acquire a tenanted studio apartment situated within the prominent Horizon House development in the heart of Sunderland city centre. The property is currently let at £450 per calendar month, generating an annual rental income of £5,400, making it an attractive proposition for investors seeking an immediate rental return.
The apartment offers compact, self-contained accommodation extending to approximately 13 sq m (140 sq ft), comprising an open-plan living/bedroom area, fitted kitchenette with cooking facilities and storage cupboards, and a separate modern shower room with WC and wash hand basin.
The accommodation benefits from contemporary fittings, neutral décor and large windows providing plenty of natural light and elevated views across the surrounding area.
Horizon House is a substantial residential development conveniently positioned within easy reach of Sunderland city centre, offering access to a wide range of shops, restaurants, leisure facilities and public transport links. Sunderland University and the city's transport connections are also readily accessible, making the location appealing to the rental market.
An ideal addition to an existing investment portfolio, offering immediate rental income from an established tenancy.
Accommodation
Open-Plan Living/Bedroom – 3.2m x 2.3m
Kitchenette – 1.4m x 1.8m
Shower Room – 2.3m x 1.6m
Entrance Hall – 0.9m x 1.7m
Total Floor Area: Approximately 13 sq m (140 sq ft)
Tenure
Leasehold
Tenancy Details
The property is currently tenanted, achieving £450 per calendar month (£5,400 per annum). Further tenancy information is available upon request.
Council Tax Band
A
EPC Rating
C
Important Information
Prospective purchasers are advised to review the legal pack prior to bidding, particularly in relation to the lease terms, service charges, ground rent and any additional costs associated with the property.
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
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- 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.
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