Just added

Offers in region of

£30,000

Studio for sale
Borough Road, Sunderland SR1

    • 1 bath

    • 1 reception

  • Leasehold

Spire Property Group and Consultants

Logo of Spire Property Group and Consultants

About this property

    Located in the heart of Sunderland, this investment portfolio offers a collection of fifteen fully-furnished, self-contained studio apartments in the same apartment building. Situated in Horizon Apartments on Borough Road, the block is close to Sunderland’s city centre and local shops, cafés, restaurants, and essential amenities.

    This development is perfectly positioned for transport connections, with Sunderland Station, Park Lane Station, and Metro links within easy walking distance. This makes commuting to the University of Sunderland, city businesses, or the wider Tyne and Wear region exceptionally convenient.

    Residents benefit from the on-site laundry rooms, on-street and rear parking options, secure entry, and 27/7 on site reception complete the package.

    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).

    Tenure: Leasehold of 250 years remaining as of 16 May 2025

    Service charge: Averaging £1619 per annum to be paid quarterly

    Council tax band: A

    Arrange a viewing today to appreciate the full scale and potential of this investment in Sunderland’s city centre.

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    More information

    • Tenure

      Leasehold (250 years)

    • Service charge

      £1,619 per quarter

    • Council tax band

      A

    • Ground rent

    • Ground rent date of next review

    See all recent sales in SR1

    Property descriptions and related information displayed on this page are marketing materials provided by - Spire Property Group and Consultants. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Spire Property Group and Consultants for full details and further information.