- Ideal hands off investment opportunity +
- Company let until 2026 +
- Impressive return of 8.44% NET +
- Freehold block of flats +
- High street location +
- Development potential +
- Close to Sunderland Hospital +
- 5 minute drive to the city centre +
- Close to Sunderland University +
- Don't miss out and enquire today +
yieldit present the ultimate investment opportunity, offered with a company let in place guaranteeing the returns until 2026 this investment can generate you a healthy return of 8.44% NET. This is a truly hands off investment with all maintenance handled by the tenant.
The property consists of a freehold block of two self contained apartments, apartment one featuring open plan living area with fully-fitted kitchen; two well-proportioned bedrooms and family bathroom. Apartment two consists of double bedroom, living area, separate kitchen and bathroom. To the rear of the property is a huge amount of land which subject to the necessary permissions (which were previously granted), could be developed into more accommodation or a shop.
Hylton Road is ideally situated just a 5-minute walk to Sunderland General Hospital and Sunderland University Main Campus, meaning it will continue to have broad appeal as a rental property thanks to it's handy location. Sunderland's bustling city centre can be reached in 20 minutes on foot or 5 minutes by car, offering a wide selection of shops, eateries, leisure and cultural facilities. Sunderland Station is also located in the centre which provides services to Newcastle in as little as 20 minutes meaning it will also appeal with commuters.
Sunderland often ranks highly as one of the best and safest places to live in the UK and house prices in the city have increased by an excellent 12% since 2019 (Rightmove). Almost £1billion has been invested in the city since 2015, resulting in the creation of jobs, improve infrastructure and cultural assets and in addition to this, a further £626m is due to be spent by 2024 which will only contribute to it's growth and appeal. Don't miss out on this opportunity to invest and enquire today!
Financial Breakdown
Gross Rent: £10,549.56
Net income: £10,549.56
Gross yield: 8.44%
Net yield: 8.44%
Please contact agent for full financial breakdown.
IMPORTANT NOTE TO PURCHASERS: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
yieldit ref: YL-07755