Apartment 214, Horizon House, Borough Road, Sunderland, Tyne and Wear SR1 1HR
- PROPERTY TYPE
Apartment
- BEDROOMS
1
- BATHROOMS
1
- SIZE
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Description
Auction Commencing on Monday 27th July from 1pm and ending 22 hours later on Tuesday 28th July from 11am with Auction House North East.
Please register to bid via our website - auctionhouse.co.uk/northeast
Turnkey city centre investment producing £500 PCM (£6,000 per annum) with a reliable long-term tenant in situ and no rental arrears.
A fantastic opportunity to acquire this well-presented leasehold studio apartment situated within the popular Horizon House development in the heart of Sunderland city centre. The property is sold with the benefit of an established and reliable tenant in situ, currently paying £500 PCM (£6,000 per annum) with no arrears, making it an ideal turnkey investment.
The accommodation comprises a secure communal entrance with lift access, an open-plan studio living space incorporating a fitted kitchenette, modern shower room, and fitted storage. Residents also benefit from access to communal facilities including a gym and attractive reception area.
Horizon House occupies a highly convenient location within easy reach of Sunderland University, the city centre, Park Lane Interchange, Sunderland railway and Metro stations, together with an excellent range of shops, restaurants, bars and leisure amenities. The property is well positioned to attract continued rental demand from students and professionals alike.
The property is leasehold, has an EPC Rating of D, and is offered as a ready-made investment with immediate rental income from day one.
Leasehold • EPC D • Let at £500 PCM (£6,000 per annum) • Established tenant with no arrears • City centre location • Excellent buy-to-let investment • Communal gym and secure entry • Auction sale
Pre-auction offers may be considered.
Tenure: Leasehold
EPC Rating: D
Administration Fee: £3600 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Apartment 214, Horizon House, Borough Road, Sunderland, Tyne and Wear SR1 1HR
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Visit our security centre to find out moreDisclaimer - Property reference 202607031323sq_ol3s. 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 Auction House, North East. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Auction House, North East on 0191 917 9650.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.