Property Details: - Type: Apartment - Bedrooms: 1 - Bathrooms: 1

Agent: Under The Hammer - Birmingham Phone: 020 8033 9313

<p>For sale by Under the Hammer online auction on Thursday 30th April 2026. Head over to our website to download the legal pack, register to bid and see more information.</p><p>A leasehold investment studio apartment, located in the city centre of Sunderland with a 30% yield</p><p>The property comprises a open plan studio room with kitchenette and living space, together with a separate shower room.</p><p>Situated within Horizon House on Borough Road, the apartment offers a convenient city-centre location close to local shops, restaurants, and transport links.</p><p>We have been advised the property is currently achieving £500 pcm</p><p><strong>Since the preparation of the original marketing details, we have been advised that the property is currently considered uninhabitable.</strong></p><p><strong>Although the property is currently recorded as tenanted, buyers should note that the condition of the property may impact the ongoing tenancy, rental income, and/or legal compliance. Under The Hammer has not verified the current occupation status or the tenant’s continued ability to lawfully occupy the property in its present condition.</strong></p><p><strong>Prospective purchasers must rely solely on their own enquiries and the legal pack, and are strongly advised to seek independent legal and professional advice prior to bidding. The property is sold as seen, and the successful purchaser will assume full responsibility for any remedial works, compliance requirements, and tenancy matters following completion.</strong></p><p>Lease length: 245 years remaining (approx)</p><p>Service charge: £2,080 per annum (approx)</p><p>Ground rent: £150 per annum (approx)</p><p>Here's what to do next</p><ul><li><b>Visit</b> - Our website and view the auction terms.</li><li><b>View</b> - Book a viewing directly through our website.</li><li><b>Register</b> - Get registered prior to the auction opening date.</li><li><b>Legal Pack</b> - Download and view the legal pack to find out all the relevant information.</li><li><b>Prior Auction Offer</b> - Want it now? Submit a prior auction offer through our website. All offer's go direct to the seller.</li><li><b>Bidding</b> - Everything is completed online through the website and the intuitive bidding controls.</li></ul><p>If you would like your property to go into our next auction then contact our auction experts on[use Contact Agent Button] or submit a valuation on our website</p>