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Argyle Square, Ashbrooke, Sunderland 6 bed house for sale
Argyle Square, Ashbrooke, Sunderland
£260,000
Argyle Square, Ashbrooke, Sunderland
£260,000
Our Summary
- INVESTMENT / DEVELOPMENT MULTI LET INVESTMENT An exciting opportunity to purchase a mid terraced property comprising of 4no self contained flats offering a unique investment / development opportunity
- The building is part let with 3 flats let but 1 flat does required full modernisation to bring it up to a lettable standard
- Viewing of this exciting project and investment property is highly recommended to appreciate the location and potential on offer
- FLAT 1: £675 per monthFLAT 2: £650 per monthFLAT 3: £750 per monthFLAT 4: IN NEED OF MODERNISATION - BUT COULD RENT FOR £750 PER MONTHCurrent rental £2075 per month, £24,900 per month but when fully let could produce £33,900 per annumFull details in relation to the tenancy details are available upon request, the rents were advised by the landlord and correct at the time of listing
- 1 no requires fully refurbishment
- 1NO REQUIRES FULLY REFURBISHMENT
- EXCELLENT POTENTIAL
- Excellent potential
Description
This mid-terraced property in Argyle Square, on the fringe of Sunderland city center, offers a unique investment and development opportunity. The property is currently part-let with three self-contained flats, generating £2,075 per month, but with one flat in need of modernization to bring it up to a lettable standard. When fully let, the property has the potential to produce £2,825 per month, £33,900 per annum. The property has a communal entrance hall, leading to four self-contained flats, each with its own kitchen, living area, and bathroom. The property also benefits from a front forecourt and rear yard. With excellent access to transport links, shops, and amenities, this property is an attractive investment opportunity for those looking to generate a strong rental income.