Apartment 412, 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 16th November at 1pm and ending 24 hours later on Tuesday 17th November from 11am with Auction House North East.
Please register to bid via our website - auctionhouse.co.uk/northeast
TENANTED INVESTMENT OPPORTUNITY! Modern studio apartment in Sunderland city centre, generating £5,400 per annum, ideal for buy-to-let investors seeking immediate rental income.
An excellent opportunity to acquire a tenanted studio apartment situated within the prominent Horizon House development in the heart of Sunderland city centre. The property is currently let at £450 per calendar month, generating an annual rental income of £5,400, making it an attractive proposition for investors seeking an immediate rental return.
The apartment offers compact, self-contained accommodation extending to approximately 13 sq m (140 sq ft), comprising an open-plan living/bedroom area, fitted kitchenette with cooking facilities and storage cupboards, and a separate modern shower room with WC and wash hand basin.
The accommodation benefits from contemporary fittings, neutral décor and large windows providing plenty of natural light and elevated views across the surrounding area.
Horizon House is a substantial residential development conveniently positioned within easy reach of Sunderland city centre, offering access to a wide range of shops, restaurants, leisure facilities and public transport links. Sunderland University and the city's transport connections are also readily accessible, making the location appealing to the rental market.
An ideal addition to an existing investment portfolio, offering immediate rental income from an established tenancy.
Accommodation
Open-Plan Living/Bedroom – 3.2m x 2.3m
Kitchenette – 1.4m x 1.8m
Shower Room – 2.3m x 1.6m
Entrance Hall – 0.9m x 1.7m
Total Floor Area: Approximately 13 sq m (140 sq ft)
Tenure
Leasehold
Tenancy Details
The property is currently tenanted, achieving £450 per calendar month (£5,400 per annum). Further tenancy information is available upon request.
Council Tax Band
A
EPC Rating
C
Important Information
Prospective purchasers are advised to review the legal pack prior to bidding, particularly in relation to the lease terms, service charges, ground rent and any additional costs associated with the property.
Tenure: Leasehold
EPC Rating: C
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 412, Horizon House, Borough Road, Sunderland, Tyne and Wear SR1 1HR
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Visit our security centre to find out moreDisclaimer - Property reference 202610221214sq_7awa. 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.