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St Luke's Terrace, Sunderland SR4 6NQ

£144,950
The Good Estate Agent, National
PROPERTY TYPE

Pub

BEDROOMS

1

BATHROOMS

1

SIZE

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Key features

  • Mixed-use investment
  • High yielding
  • Pallion
  • SR4
  • Freehold
  • Great location
  • Future capital gains
  • Well maintained

Description

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.

Brochures

Brochure 1

St Luke's Terrace, Sunderland SR4 6NQ

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Pallion Metro Station0.2 miles
  • Millfield Metro Station0.3 miles
  • University Metro Station0.8 miles
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About The Good Estate Agent, National

Lemanis House, Stone Street, Lympne, Hythe, CT21 4JN

The Good Estate Agents are a team of qualified professionals, with a decade of experience in the property and finance industry. Using our extensive network and innovative marketing technologies, we are able to bring sellers and landlords together with buyers and tenants respectively.

We recognise that Estate Agency has become woefully outdated; inefficient use of the internet and other marketing technologies, coupled with poor levels of service has left the Industry unable to provide the high standards that people expect and demand today.

Our name and reputation is only as good as our people - and we never forget this. It is our ability to listen to people's needs that enables us to provide the right answers. By building a relationship with each and every customer, we develop a clear understanding of their requirements and maintain a position of trust, essential when entering into a sale.

Our mission statement:

The Good aim to be just what the name implies ‘Good'

Good for our customer's - We aim to do the best job we can for our customer, If we can improve our customers experience we will, If we can save them money we will.

Good for our staff - If we can give our staff better lives we will, If we can be more flexible we will, If we can improve life/work balance we will. We can have fun and we will.

Good for the community - If we can help local charities and causes we will, If we can give our time to help others we will.

Good for the planet - If we don't have to print it we won't, If we can walk we will, If we can use renewable sources we will.

That's what makes us The Good

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Disclaimer - Property reference 25383. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by The Good Estate Agent, National. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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