All Saints House, Portobello Lane, Sunderland, SR6

Dati

NOW TENANTED FOR THE 2023/24 ACADEMIC YEAR! OVER 10% NET YELD! FULLY MANAGED!

Mr Investa are delighted to offer for sale this premium studio apartment on the 1st floor of All Saints House - a superb development which is now fully occupied for 2023/24, generating immediate income and making this a perfect addition to any investment portfolio. Ideally located close to the University of Sunderland in Sunderland City Centre and Sunderland Royal Hospital.

All Saints House is a 90 unit student development based in Sunderland with fantastic facilities including a gymnasium, communal lounge, cycle storage, laundry room, communal courtyard and car parking facilities

Located on Portobello Lane and just 4 minutes from the Stadium of Light Metro, students at All Saints House are ideally located for student life in Sunderland.

The property briefly comprises; open plan bedroom / living / kitchen with ensuite.

Financial Performance for the 2023/24 Academic Year: Rental Income: £135pw / £6,885 per annum on a 51-week contract. Service Charge: £2,746.24 per annum Lettings Fee 11% + VAT: £908.82 per annum Ground Rent: £200 per annum

NET INCOME: £3,029.94 per annum NET YIELD: 10.1%

NOTE TO PURCHASERS: Whilst all Information is believed to be correct, the information is provided via the seller and should always be check via yourself or legal representative. Mr Investa does not accept any responsibility in respect of this information provided.