*Guide | £70,000+ (plus fees)
- Penthouse
- 2 Bedrooms
- Tenure: Leasehold
Call the team on 0161 925 3254 for more information
Two bedrooms city centre fifth floor penthouse apartment. 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. 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. Sunderland's only Manhattan style apartment development. Stunning Westerly views stretch across the City Centre via the large terrace and oversized windows. Pictures taken in August 2025 before the current tenant moved into the property. Lease term - 125 years (less 1 day) from 2 January 2009 Ground Rent - £450 per annum Service Charge: £2,629.48 per annum
Tenure
Leasehold
Energy Efficiency Rating (EPC)
Current Rating C
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Local Authority
Sunderland City Council - Band B
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - In addition to the deposit Purchasers will be required to pay an administration fee of 1.5% inc VAT, subject to a minimum of £2,100 inc VAT.
Disbursements - Search Fees: £360 inc VAT.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
