Sunderland, SR1 2QG | Investment Property for Sale | VES-SR1-054

Opportunity to purchase a 8 unit block in Sunderland generating £55,120 rent pa and a gross yield of 10.8%

£508,990

8 Unit Block

VES-SR1-054

INITIAL INVESTMENT

£235,566

GROSS RENT / YIELD

£55,120 / 10.8%

NET RENT / YIELD

£42,336 / 8.3%

ADD TO FAVOURITES

The block

TENURE

Freehold

NO OF UNITS

8

TENANCY STATUS

Vacant

FURNISHED

No

TOTAL SQ FT

3,166

PRICE SQ FT

£161

This property is an exclusive opportunity to Vesta.

Property information

  • 8 newly converted apartments, still in development
  • Expected to finish in December 2019
  • Spread over 4 floors
  • Apartments comprise of:
    • 3 x 1-beds
    • 5 x studios
  • Expected monthly rental income is £4,593.33
  • Freehold available for £25,000 - price included in total amount

Notes

Please note that Vesta has not visited this property and that all material has been provided by the vendor.

At the time of listing there are no EPCs available for this property. However, Vesta will add these as soon as they have been received.

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to the property is supplied by the vendor and the latest available at the date of listing.

Certain information may expire or become inaccurate over time and should be verified by the purchaser’s solicitor.

Financials

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Rental Income

GROSS RENT PER ANNUM

£55,120

Equivalent of £4,593 per calendar month (PCM).

GROSS RENTAL YIELD

10.8%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£42,336

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

8.3%

Gross rent per annum minus fully managed operating costs divided by the purchase price.

FULLY MANAGED OPERATING COSTS

£12,784

The total estimated sum of expenses calculated annually assuming a fully managed service.

Click to understand assumptions.

Disclaimer

All financial information is provided as a guideline only, is based on estimates and assumptions and is subject to change. Buyers are advised to seek independent financial advice. Capital at risk.

About Sunderland

Sunderland is a city in the north east of England located on the east coast. It lies around 15 miles south-east of Newcastle upon Tyne and roughly 14 miles north of Durham.

The A19 runs north-to-south along the western edge of the city, joins up with the M1 motorway to Edinburgh north of Newcastle and south through Teesside. The A1231 starts in the city centre and runs to the A1 via Washington, connecting Sunderland with London via Doncaster, Peterborough and Cambridge.

Sunderland railway station operates both national rail services as well as metro services. There are 5 direct trains to London King’s Cross on weekdays taking around 3.5 hours. From Newcastle, a 30-minute metro ride away, regular services go to Edinburgh, Glasgow, Leeds, Manchester Piccadilly, Liverpool Lime Street and Birmingham.

The city boasts a number of attractions for visitors and locals alike, such as the 14th century Hylton Castle, the National Glass Centre, Sunderland Museum and Winter Gardens, as well as the beaches of Roker and Seaburn. For anyone interested in outdoor pursuits the Hadrian’s Wall Path starts in Wallsend, approx. 13 miles outside of Sunderland, and runs for 84 miles on the east coast to Bowness-on-Solway.

Being one of the UK’s competitive business locations Sunderland is home to a number of well-known companies such as Barclays, Nike, EDF Energy, BAE Systems, Nissan, Northern Rock (now part of Virgin Money UK) and Johnson Controls, to name a few.

Toward Road,

Sunderland,

Tyne and Wear,

England,

SR1 2QG

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Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

In no event will we be liable for any loss or damage, including without limitation any loss or damage arising directly or indirectly out of or in connection with the use of this website and the information contained therein.

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