2 bed flat for sale in John Street, Sunderland SR1, £65,000

65,000.00

Offer Nr.:
66140576
Type of ad:
for Sale
Property type:
2 bed flat
Bedrooms:
2
Bathrooms:
2
Reception rooms:
1
Contact name:
10Homes
Phone(s):
0191 686 8255

* Furnished
* Leasehold
_Key Investment Highlights:
_
_Property Type: _ Modern, furnished 2 bed/2 bath first - floor flat.
_Location: _ Prime location in Sunderland City Centre, minutes from Sunderland
University.
_Current Tenancy: _ Fully let at £650 pcm (including WiFi and water rates) on
a 12 - month AST since 17th March 2022.
_Investment Potential: _ Part of a recent successful rtm takeover, offering a
stable, turnkey investment.
_Why Sunderland?
_
_Rapid Development: _ Sunderland is undergoing significant growth, offering
promising prospects for property investors.
_Devolution Boost: _ The North East's new devolution plan, with a £4. 2bn
investment, promises regional empowerment and substantial economic growth.
_Educational Excellence: _ Sunderland University, a top 50 institution
(Guardian University Guide 2023), is a magnet for students and professionals.
_Strategic Investment: _ The city is set to benefit from a £400 million
investment, enhancing its appeal and property values.
_What This Means for Investors:
_
_Strong Demand: _ Proximity to a top - ranking university and a flourishing city
center ensures continuous tenant demand.
_Economic Growth: _ The devolution plan and substantial investments in
education and infrastructure signal a robust economic future for Sunderland.
_Community and Culture: _ A vibrant city with rich cultural experiences,
appealing to a diverse tenant base.
_Conclusion:
_
This property represents a unique opportunity to invest in Sunderland's
promising future, with strong rental demand and a backdrop of significant
regional investment. Perfect for investors seeking a stable and potentially
lucrative addition to their portfolio.
_More info:
_ Ground rent: Full annual charge of £200. 00 to 31/12/2023 settled in full by
the current owners.
Service charge: Service charge of £2, 192. 00 23/03/2023 to 23/03/2024 settled
in full by the current owners.
Lease terms: Leasehold, Term : 250 years from 1 January 2016
Please contact _10Homes_ for our full buyers information pack

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