Flat for sale in John Street, Sunderland SR1

Key Investment Highlights:



Property Type: Modern, furnished 2 bed/2 bath first-floor flat.

Location: Prime location in Sunderland City Centre, minutes from Sunderland University.

Current Tenancy: Fully let at £650 pcm (including WiFi and water rates) on a 12-month AST since 17th March 2022.

Investment Potential: Part of a recent successful rtm takeover, offering a stable, turnkey investment.

Why Sunderland?



Rapid Development: Sunderland is undergoing significant growth, offering promising prospects for property investors.

Devolution Boost: The North East's new devolution plan, with a £4.2bn investment, promises regional empowerment and substantial economic growth.

Educational Excellence: Sunderland University, a top 50 institution (Guardian University Guide 2023), is a magnet for students and professionals.

Strategic Investment: The city is set to benefit from a £400 million investment, enhancing its appeal and property values.

What This Means for Investors:



Strong Demand: Proximity to a top-ranking university and a flourishing city center ensures continuous tenant demand.

Economic Growth: The devolution plan and substantial investments in education and infrastructure signal a robust economic future for Sunderland.

Community and Culture: A vibrant city with rich cultural experiences, appealing to a diverse tenant base.

Conclusion:



This property represents a unique opportunity to invest in Sunderland's promising future, with strong rental demand and a backdrop of significant regional investment. Perfect for investors seeking a stable and potentially lucrative addition to their portfolio.

More info:

Ground rent: Full annual charge of £200.00 to 31/12/2023 settled in full by the current owners.

Service charge: Service charge of £2,192.00 23/03/2023 to 23/03/2024 settled in full by the current owners.

Lease terms: Leasehold, Term : 250 years from 1 January 2016

Please contact 10Homes for our full buyers information pack