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1 bed property
St Luke's Terrace, Sunderland SR4
£144,950
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Our Summary
- Mixed-Use Investment Opportunity – 3 St
- The building comprises a ground floor restaurant and an upstairs 1-bedroom flat, offering immediate income and long-term investment potential
- 1%Ideal for investors seeking dual-income propertyTenure: FreeholdEarly viewing is highly recommended to appreciate the income potential and investment opportunity this property offers
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Description
The property is a mixed-use freehold building consisting of a ground floor restaurant and an upstairs 1-bedroom flat. The ground floor restaurant has a 15-year lease and produces £7,200 per year, while the first-floor flat is on an Assured Shorthold Tenancy and generates £6,000 per year, resulting in a total current income of £13,200 per year. The building has a freehold tenure and is offered for sale with an asking price of £145,000.