Studio for sale in Borough Road, Sunderland SR1
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- 6 month tenancy signed at £450 per month
- Gross return on investment of 9%
- Suitable for cash investors
- 24 hour reception service
- Cctv and live camera recording for added security
- Secure key fob entry systems
- Forth floor apartment with views of the city
Property description
We are delighted to offer to the market this Studio Apartment within Sunderland City Centre Located on Borough Road.
This property is ideally located for an array of shops, restaurants with easy access to the University of Sunderland and St Peters Campus. Sunderland Metro station for onward journeys to Newcastle City Centre, connections to South Shields and National Rail services direct to London. Excellent local transport links to surrounding areas.
Briefly comprising of: Secure Communal Entrance with concierge service and Communal Lobby. On entrance to the property there is an Open Plan Living Space with doors to a three piece Bathroom suite. The apartment is situated on the fourth floor with lovely views of the city from the top.
The property offers a promising investment opportunity for potential cash buyers. There is a tenancy agreement already in place for next 6 months, at £450 per month. This provides a handsome gross Return on Investment of 9%. There are 3 property management companies you can engage offering flexibility to manage the apartment and tenants, if you want to do so remotely.
Property Ownership Information
Tenure
Leasehold
Council Tax Band
A
Annual Ground Rent
No ground rent
Ground Rent Review Period
No review period
Annual Service Charge
No service charge
Service Charge Review Period
No review period
Lease End Date
01/01/2300
Disclaimer For Virtual Viewings
Some or all information pertaining to this property may have been provided solely by the vendor, and although we always make every effort to verify the information provided to us, we strongly advise you to make further enquiries before continuing.
If you book a viewing or make an offer on a property that has had its valuation conducted virtually, you are doing so under the knowledge that this information may have been provided solely by the vendor, and that we may not have been able to access the premises to confirm the information or test any equipment. We therefore strongly advise you to make further enquiries before completing your purchase of the property to ensure you are happy with all the information provided.
Property info
For more information about this property, please contact
Purplebricks, Head Office, B90 on +44 24 7511 8874 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Purplebricks, Head Office, and do not constitute property particulars. Please contact Purplebricks, Head Office for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.