Nile Street, Sunderland, Tyne and Wear, SR1

Property Details: - Type: Apartment - Bedrooms: 2 - Bathrooms: 2

Agent: Auction House - Oldham Phone: 0161 937 7311

AVAILABLE TO BUY POST AUCTION<br/><br/>*GUIDE PRICE £70,000+<br/><br/>Two bedrooms city centre fifth floor penthouse apartment.<br/><br/>Sold with a tenant in situ currently paying £850 pcm (£10,200 per year) which equates to an attractive 14.57% gross yield based against the guide price.<br/><br/>Auction house are yet to inspect the property, however we believe the accommodation comprises briefly of communal entrance with lift to fifth floor, entrance lobby, open plan living room//fitted kitchen, roof terrace, two double bedrooms, shower room/WC and bathroom/WC.<br/><br/>Sunderland's only Manhattan style apartment development. Stunning Westerly views stretch across the City Centre via the large terrace and oversized windows.<br/><br/>We understand that investigations are being carried out by the managing agents as to combustible materials and buyers are required to do their own research prior to bidding.<br/><br/>Pictures taken in August 2025 before the current tenant moved into the property.<br/><br/>Lease term - 125 years from January 2009<br/>Ground Rent - £450pa<br/>Service Charge: £2,629.48pa