Apartment 312, Horizon House, Borough Road, Sunderland, Tyne and Wear SR1 1HR

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 STUDIO APARTMENT – Situated in Sunderland city centre, generating £5,400 per annum from a well-established tenant with an excellent payment history and no rent arrears. An excellent opportunity to acquire a tenanted studio apartment situated within the prominent Horizon House development in Sunderland city centre, offering an immediate rental income of £450 per calendar month (£5,400 per annum).

The apartment is currently occupied by a well-established tenant who has maintained an excellent payment history, with rent paid consistently on time and no arrears.

The accommodation extends to approximately 13 sq. m (140 sq. ft) and comprises an entrance hallway, open-plan living and sleeping area, fitted kitchenette and separate shower room. The apartment benefits from large windows providing plenty of natural light and elevated views across the surrounding area.

Horizon House is conveniently positioned within Sunderland city centre, providing easy access to a wide range of shops, restaurants, leisure facilities and public transport links, including Sunderland Railway and Metro Station. The University of Sunderland and local amenities are also within easy reach.

This property represents an attractive opportunity for investors seeking an affordable, income-producing addition to their portfolio, with an established tenant already in occupation.

Accommodation

Entrance Hall

Open-Plan Lounge/Bedroom – 3.2m x 2.2m Fitted Kitchenette – 1.4m x 0.8m Shower Room – 2.3m x 1.7m

Investment Information

Current Rental Income: £450 PCM Annual Rental Income: £5,400

Tenancy: Established tenant in occupation Rental Payment History: Up to date, with no arrears Approximate Floor Area: 13 sq. m (140 sq. ft)

Tenure: Leasehold Council Tax Band: A EPC Rating: C

Auction Information

The property is offered for sale by auction and presents an opportunity to acquire an established rental investment with immediate income from completion, subject to the existing tenancy arrangements. 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.