All Saints House, Portobello Lane, Sunderland, Tyne and Wear

Details

Mr Investa offers this 1st floor open plan studio in the popular development, All Saints House, located close to the University of Sunderland in Sunderland City Centre and Sunderland Royal Hospital.

TENANTED FOR THE 2022/23 ACADEMIC YEAR therefore offering immediate income and making this a great investment opportunity for first time investors or an addition to an existing portfolio.

All Saints House is a 90 unit student accommodation building based in Sunderland. The property was completed by Fortis Group to a very high standard; facilities include 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 2022/23 Academic Year: Rental Income: £122.50pw / £5,390 per annum on a 44-week contract. Service Charge: £2,757.33 per annum Lettings Fee: £711.48 per annum Ground Rent: £200 per annum

NET INCOME: £1721.19 per annum NET YIELD: 5.7%

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.