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Sea Road, Fulwell 2 bed apartment for sale
Sea Road, Fulwell
£199,950
Sea Road, Fulwell
£199,950
Our Summary
- Secure tenants and potential for rental growth
Description
This property, located in the Sea Road shopping area, is a unique opportunity for investors to purchase a shop and flat at a significantly reduced price due to an early sale requirement. The ground floor shop is let to a Post Office tenant for 25 years, generating a monthly rent of £10,200, while the first-floor flat is occupied on an Assured Shorthold Tenancy at a monthly rent of £595. The property features electric roller shutters, a shared rear yard, and is within walking distance to the sea front, Roker Park, and the city center. The shop and flat are well-presented and have modern decor throughout, with gas central heating and uPVC double glazing. The property is freehold with a perpetual yearly rent charge of £3.91 per annum, and has an EPC rating of D for the shop and E for the flat. Viewings are available by appointment through the agent.