Apartment 412, 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 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.