St Luke's Terrace, Sunderland SR4 6NQ

Enquire quoting ref 25383 to book a viewing online and connect to the local agent.

A rare opportunity to acquire a mixed-use freehold property in the well-established Pallion area of Sunderland. The building comprises a ground floor restaurant and an upstairs 1-bedroom flat, offering immediate income and long-term investment potential. Investment Details: Ground Floor Restaurant: Currently let on a 15-year lease, producing £7,200 per annum. First Floor 1-Bed Flat: Let on an Assured Shorthold Tenancy (AST) generating £6,000 per annum. Total Current Income: £13,200 per annum. The property presents a stable income stream for investors seeking both commercial and residential returns. With an asking price of £145,000, this equates to a potential gross yield of approximately 9.1%, making it an attractive proposition for buy-to-let investors. Key Features: Mixed-use freehold building Ground floor restaurant with long-term lease Upstairs 1-bedroom flat on AST Total income £13,200 per annum Asking price: £145,000 Potential gross yield 9.1% Ideal for investors seeking dual-income property Tenure: Freehold Early viewing is highly recommended to appreciate the income potential and investment opportunity this property offers.

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Disclaimer:

Sales: The information provided about this property does not constitute or form part of an offer or contract, nor may be it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose. Council tax rates have been obtained via the owner or VOA.gov and should be verified by your solicitor on purchase.

Lettings: The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Referencing requirements will apply, a holding deposit of 1 weeks rent and a full deposit of up to 5 weeks rent. Council tax rates have been obtained via the owner or VOA.gov and should be verified prior to entering a tenancy agreement.