Auction Date Commencing on Monday 15th September at 1pm and ending 24 hours later on Tuesday 16th September at 1pm with Auction House North East
Please register to bid via our website - auctionhouse.co.uk/northeastInvestor Opportunity – 1-Bed Apartment with Tenant in Situ (£525pcm) in Sought-After Marina Location.An excellent investment opportunity – this well-presented one-bedroom apartment is offered for sale with a longstanding tenant in situ, currently paying £525 per calendar month (£6,300 per annum), with scope for future rental uplift.
The apartment is set within the sought-after Bonners Raff development, close to Sunderland Marina and Roker Beach, offering modern accommodation in a desirable location.
-One double bedroom
-Spacious living/dining room with fitted kitchen
-Modern bathroom
-Secure entry system
-Allocated parking
-Sold with tenant in situ – immediate rental income of £525pcm
-Potential to increase rental yield with market review
Location:
Situated on Chandlers Road, the property is within easy reach of Sunderland city centre, transport links, and the coastline. Its location ensures continued strong rental demand, making it an attractive buy-to-let investment.
This is a rare opportunity to acquire a turnkey rental property in a popular area, generating income from day one with further potential for growth.Tenure: LeaseholdEPC Rating: B - EXPIREDAdministration 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.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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