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Borough Road, Sunderland SR1 Studio for sale
Borough Road, Sunderland SR1
£600,000
Borough Road, Sunderland SR1
£600,000
Our Summary
- Residents benefit from the on-site laundry rooms, private cinema, and gym—providing everything needed for comfort, convenience, and recreation within this popular development
- The apartments are currently generating strong rental yields, with the majority already let to professionals and students at £550 to £600pcm, offering a potential gross income of up to £103,500 per annum across the portfolio (£6900 per flat)
- Arrange a viewing today to appreciate the full scale and potential of this investment in Sunderland’s city centre
Description
Spire Property Group presents a unique investment opportunity in the heart of Sunderland, comprising 15 self-contained studio apartments with en-suite bathrooms and kitchens. Located in Horizon Apartments on Borough Road, the property is close to the city centre, local amenities, and transport links, making it an attractive option for professionals and students. The apartments are fully furnished and offer a range of amenities, including on-site laundry, private cinema, and gym. With strong rental yields and a potential gross income of up to £103,500 per annum, this investment portfolio presents a rare opportunity. The apartments can also be sold in smaller portfolios of five, offering flexible investment options. With a leasehold of 250 years remaining and competitive service charges, this is an attractive investment opportunity in Sunderland's city centre.