Sunderland, SR2 7BJ | Investment Property for Sale | VES-SR2-002

Opportunity to purchase 11 units in Sunderland generating £67,620 gross rent pa & a 6.8% gross yield

£1,000,000

11-unit Block

VES-SR2-002

INITIAL INVESTMENT

£292,500

Based on

deposit: £250,000

stamp duty: £30,000

mortgage fees: £1,500

conveyancing fees: £11,000

GROSS RENT

£67,620

GROSS YIELD

6.8%

ADD TO FAVOURITES

The block

TENURE

Freehold

NO OF UNITS

11

TENANCY STATUS

Tenanted

FURNISHED

No

TOTAL SQ FT

11,289

PRICE SQ FT

£89

Block information

  • This block is made up of 11 apartments comprising:
    • 3 x 1-bed apartments
    • 8 x 2-bed apartments
  • The apartments range in size from 441 sqft to 1,399 sqft
  • There is allocated parking for 11 cars
  • EPC ratings C, D & E
  • Council tax bands B, C & D

Rental information

  • The block is fully let
  • Aggregate monthly rental income: £5,635
  • Aggregate annual rental income: £67,620
  • Aggregate gross yield: 6.8%

Location information

  • The property is located just south of Sunderland city centre
  • Sunderland city centre is less than 10-minutes' walk away
  • Mowbray Park is around the corner from the property
  • Easy access to the A1231 and the wider road network

Available upon request

  • Breakdown of the block
  • EPCs for all units
  • Video walkthrough

Notes

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

Floorplans

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

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

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.

St Georges Square,

Sunderland,

Tyne and Wear,

England,

SR2 7BJ

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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.

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