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North East – High yielding unbroken Freehold block of flats

Watts Moses House, High Street East, Sunderland, SR1 2BX

Offers in excess of £1,500,000

Property Type:
Residential
Sub Types:
Block of Flats, Multiple Flats
Tenure:
Freehold

Description

  • Unbroken Freehold block comprising 43 self-contained flats in total
  • Well located on the banks of the River Wear close to both Sunderland City Centre and The University of Sunderland
  • Current Rent Reserved is £170,580 per annum, producing a gross yield of 11.3%
  • Estimated Rental Value: £195,420 per annum
  • Gross Yield: 13% (based upon ERV)
  • Legal & General have recently agreed a deal with Sunderland City Council for a £100m programme of investment in the area

Additional information can be viewed on the data room – link on right hand side.