69 John Street, Sunderland, SR1 1TZ

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Posted in:
6th March 2019
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Overview

Excellent opportunity to purchase this City Centre block of 6 x 2 bedroom apartments. Ideally situated in the centre of Sunderland City in a regeneration area, with ready access to local amenities and both University Campus’. The apartments are currently let to students, on a fixed 11 month AST at a rate of £800 pcm (per apartment) inclusive of bills. Accommodation consisting of; open plan lounge / kitchen / diner, two double bedrooms both with en suites, electric central heating.
The properties are leasehold, with 960 years remaining.

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Price – £435,000
Annual Rent – £52,000
Gross Yield – 12%

  • City Centre Location.
  • High Rental Yield.
  • Well Presented Throughout.
  • Regeneration Area.
  • Tenanted Investment.

FINANCIALS

  • Purchase price: £435,000.
  • Annual rental income: £52,000.
  • Gross yield: 12%.
  • Refurbishment £0.

Location

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Contact us

Address: North East Property Investment Ltd.
2 South Terrace
Sunderland
SR5 2AW

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