Studio

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Studio

Portobello Lane, Sunderland SR6
£32,000

Our Summary

  • Please note this investment is for cash buyers only

Description

This studio flat is a lucrative investment opportunity located on Portobello Lane, just 4 minutes from the Stadium of Light Metro and within walking distance to the City Centre and University of Sunderland Campus. The property features a single bed, study area, kitchen, and en-suite shower room, and offers free onsite parking and an accommodation team on site. With a gross rental income of £7,497 and a net yield of 10.5%, this investment is attractive to cash buyers. The annual financial information includes ground rent, service charge, and letting fees, with a leasehold tenure and annual ground rent review period every 5 years. The property is available for a cash purchase price of £32,000.
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