Echo Building, West Wear Street, Sunderland

Exceptional Buy-to-Let Investment Opportunity
60% below original market value
Financing available and extended completion - upon request
* VIEWING 1PM FRIDAY 26TH JUNE *

A rare chance to acquire a modern apartment at a substantial discount of circa 50-60% on market value. Offering an attractive rental return in excess of 10% after service charge is paid, this property presents an excellent opportunity for investors seeking strong income and long-term growth potential.

Unlike many traditional investment properties, major external maintenance responsibilities such as roof repairs and building upkeep are managed and paid for through the service charge, reducing unexpected ownership costs and management headaches you’d typically get on a buy to let house
At 67 sqm , build costs alone is £101,000
This modern apartment benefits from contemporary construction standards, low maintenance requirements, and strong tenant appeal. Now available at approximately 60% below comparable market values, this represents a compelling entry point into the buy-to-let sector.

With institutional investors increasingly targeting the build-to-rent sector, private investors now have the opportunity to acquire a similar income-producing asset without committing to the significant capital outlay typically associated with large-scale residential investment


Larger Style Executive Apartment

Two Very Generous Double Bedrooms

Master With En suite

Modern Open Plan Living

Stylish & Contemporary

Lift Facility

Secure Entry System

No onward chain.. Situated in A prominent central position.. One of the larger executive style apartments.. Master bed with en suite.. Accessed via the communal entrance, inside briefly comprises; entrance hall, open plan lounge/dining/kitchen, two double bedrooms fitted with wardrobes, master with en suite and bathroom. Other benefits include a secure telecom entry system, lift facility, electric heating system and double glazing.

Location

Located on the banks of the River Wear and on the outskirts of the city centre is the executive style development Echo Buildings. With access to an array of bars, cafes, restaurants and shopping facilities, offering an attractive lifestyle. For those who commute further afield Sunderland city centre railway station and St Peters metro station are both within walking distance.

Our View

A stylish first floor apartment, one of the larger style with two very generous double bedrooms both with fitted wardrobes and the master with an en suite. The property is well presented with a modern open plan living and with its city centre location offering an appealing lifestyle with access to many restaurants, pubs and clubs.
721 sq ft

Bedroom (2nd) (4.34m x 5.18m)

Bathroom / WC (1.68m x 2.08m)

For sale by Auction - starts 16th June. Henrysykes.co.uk
Mortgages and Extended completions are available - just enquire

15%+ Yield - after service charge and ground rent paid
Rental £10,200
service charge £4900
Ground rent £100
Gross profit £5,200

N.B There are no arrears due on service charges and ground rent