Property Details

Studio apartment for sale For Sale

307 Horizon, Borough Road, Sunderland, SR1

£36,500

ROI = 0% BMV = 0%

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Description

This development has been designed to cater to both students and professionals who live to wish in a prime, central location in contemporary surroundings. Residents will benefit from a private gym, cinema room, games room and laundry facilities. There are also designated co-working spaces which will offer tenants a quiet space to study and work from home. Apartments at Horizon come fully furnished. Furniture has been handpicked to complement the development's surroundings. The ergonomic design of these apartments means that residents will have a wealth of space where they can store belongings without it feeling cluttered. All bedrooms will be fitted with a queen-sized bed, complete with bed base and mattress with built-in storage space, as well as a wardrobe. The lounge area will be fitted with a desk and coffee table, both of which will have a chair. Fully fitted kitchens with integrated appliances provide tenants with further living space in which to relax and entertain. The modern bathrooms will be fully tiled and include a basin, modern WC and rainfall shower with glass door. Apartment 307 has been previously rented continuously since completion at a rental of £370pcm, though similar studios are marketed at higher rates providing a new owner the ability to increase returns, upto £450pcm. Based on this, the apartment would produce a yield of 10.4% Tenure: Leasehold (250 years) Ground Rent: £150 per year Service Charge: £1,470 per year

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