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Argyle Square, Ashbrooke, Sunderland 6 bed house for sale
Argyle Square, Ashbrooke, Sunderland
£275,000
Argyle Square, Ashbrooke, Sunderland
£275,000
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 is a mid-terraced property in Argyle Square, on the fringe of Sunderland city center, offering a unique investment and development opportunity. The property is currently part-let, with three flats generating £2,075 per month, but one flat requires modernization to reach its full potential. When fully let, the property could produce £3,325 per month or £33,900 per annum. The property has a communal entrance hall, four self-contained flats, and external features including a front forecourt and rear yard. The flats vary in size and layout, with one requiring modernization. The property is freehold, and the council tax band is Band A. With its excellent location and potential for growth, this property is an exciting opportunity for investors and developers.