Offers in region of
£140,000
Retail premises for saleMerle Terrace, Sunderland SR4
Just added
Freehold
About this property
Mixed Use Investment Property
Located on a Busy Shopping Parade
Close Proximity to Sunderland Royal Hospital
We are delighted to present this fantastic investment opportunity for sale - a mixed-use property located on Merle Terrace in Sunderland. The property boasts a ground floor retail shop and a 2-bedroom flat on the first floor, each with its own separate entrance for added privacy and convenience.
Currently, both the shop and flat are tenanted, generating a combined annual income of £12,000 (£600pcm from the shop and £400pcm from the flat). The sellers have informed us that the flat is due for a rent review, which will increase the annual rental return to £13,200. This is a great opportunity for investors looking for a steady income stream.
Situated on a busy shopping parade, this property is conveniently located near Pallion retail park and the Pallion (Tyne and Wear Metro Station). In addition, residents will find themselves in close proximity to Diamond Hall Infant Academy, St Joseph's Catholic Primary School, and Diamond Hall Junior Academy, making it an ideal location for families.
Don't miss out on this excellent investment opportunity. For more information or to arrange a viewing, please contact our office.
Currently, both the shop and flat are tenanted, generating a combined annual income of £12,000 (£600pcm from the shop and £400pcm from the flat). The sellers have informed us that the flat is due for a rent review, which will increase the annual rental return to £13,200. This is a great opportunity for investors looking for a steady income stream.
Situated on a busy shopping parade, this property is conveniently located near Pallion retail park and the Pallion (Tyne and Wear Metro Station). In addition, residents will find themselves in close proximity to Diamond Hall Infant Academy, St Joseph's Catholic Primary School, and Diamond Hall Junior Academy, making it an ideal location for families.
Don't miss out on this excellent investment opportunity. For more information or to arrange a viewing, please contact our office.
Mortgage calculator
Monthly repayment
£700 per month
Whole of market comparison
70+ lenders and 10,000+ products
How much could I borrow
In partnership with
The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
.png){kind=logo}