1 bed flat

This investment portfolio consists of 15 fully-furnished, self-contained studio apartments in the Horizon Apartments building in Sunderland's city centre. The apartments are located near public transportation links, including Sunderland Station, Park Lane Station, and Metro links, making it convenient for commuting to the University of Sunderland, city businesses, or the wider Tyne and Wear region. The development offers a range of amenities, including on-site laundry rooms, a private cinema, and a gym, as well as on-street and rear parking options, secure entry, and 24/7 on-site reception. The apartments are currently generating strong rental yields, with the majority already let to professionals and students at £550 to £600 per month, offering a potential gross income of up to £103,500 per annum. With a highly competitive annual service charge and the majority of apartments already let, this is a rare opportunity for investors.