1 bed Flat For Sale, Borough Road, Sunderland SR1

Description

Quote Ref: JS0070. A modern & well presented Studio Apartment in a great location for both professional and student tenants. Tenanted investment property. Offering open plan studio apartment with En-suite shower room, communal facilities including cinema room and gym. There is also an on-suite business suite and cafe. Furnishing included. Landlords only please. Currently tenanted at £370 pcm.

Horizon Apartments was been refurbished by Oxhey Property and completed in 2020. It was once the Tax office, then the headquarters of God TV, and now high quality accommodation for both professionals and students in the heart of Sunderland. Tenants benefit from a communal gym, cinema, party room, cafe and business suite. Apartment 307 is a tenanted studio, with the tenants paying £370pcm till July 2022. Currently the net return is 5.2% though there would be an opportunity to increase the rent to over £400pcm in line with others in the development (a similar apartment was rented £410 in March), obviously increasing the yield.

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1 bed Flat For Sale £57,500 Borough Road, Sunderland SR1

1 bed Flat For Sale £57,500
Borough Road, Sunderland SR1