TENANTED STUDIO APARTMENT – Situated in Sunderland city centre, generating £5,400 per annum from a well-established tenant with an excellent payment history and no rent arrears
Description
An excellent opportunity to acquire a tenanted studio apartment situated within the prominent Horizon House development in Sunderland city centre, offering an immediate rental income of £450 per calendar month (£5,400 per annum).
The apartment is currently occupied by a well-established tenant who has maintained an excellent payment history, with rent paid consistently on time and no arrears.
The accommodation extends to approximately 13 sq. m (140 sq. ft) and comprises an entrance hallway, open-plan living and sleeping area, fitted kitchenette and separate shower room. The apartment benefits from large windows providing plenty of natural light and elevated views across the surrounding area.
Horizon House is conveniently positioned within Sunderland city centre, providing easy access to a wide range of shops, restaurants, leisure facilities and public transport links, including Sunderland Railway and Metro Station. The University of Sunderland and local amenities are also within easy reach.
This property represents an attractive opportunity for investors seeking an affordable, income-producing addition to their portfolio, with an established tenant already in occupation.
Accommodation
Entrance Hall
Open-Plan Lounge/Bedroom – 3.2m x 2.2m
Fitted Kitchenette – 1.4m x 0.8m
Shower Room – 2.3m x 1.7m
Investment Information
Current Rental Income: £450 PCM
Annual Rental Income: £5,400
Tenancy: Established tenant in occupation
Rental Payment History: Up to date, with no arrears
Approximate Floor Area: 13 sq. m (140 sq. ft)
Tenure: Leasehold
Council Tax Band: A
EPC Rating: C
Auction Information
The property is offered for sale by auction and presents an opportunity to acquire an established rental investment with immediate income from completion, subject to the existing tenancy arrangements.
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
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