St Luke's Terrace, Sunderland SR4 6NQ
- Bedrooms
- 1
- Bathrooms
- 1
Key Features
- Mixed-use investment
- High yielding
- Pallion
- SR4
- Freehold
- Great location
- Future capital gains
- Well maintained
Description
A rare opportunity to acquire a mixed-use freehold property in the well-established Pallion area of Sunderland. The building comprises a ground floor restaurant and an upstairs 1-bedroom flat, offering immediate income and long-term investment potential. Investment Details: Ground Floor Restaurant: Currently let on a 15-year lease, producing £7,200 per annum. First Floor 1-Bed Flat: Let on an Assured Shorthold Tenancy (AST) generating £6,000 per annum. Total Current Income: £13,200 per annum. The property presents a stable income stream for investors seeking both commercial and residential returns. With an asking price of £145,000, this equates to a potential gross yield of approximately 9.1%, making it an attractive proposition for buy-to-let investors. Key Features: Mixed-use freehold building Ground floor restaurant with long-term lease Upstairs 1-bedroom flat on AST Total income £13,200 per annum Asking price: £145,000 Potential gross yield 9.1% Ideal for investors seeking dual-income property Tenure: Freehold Early viewing is highly recommended to appreciate the income potential and investment opportunity this property offers.
Property details
- Tenure
- Freehold
- Council Tax Band
- Ask Agent
- Date Posted
- 2026-03-17
Utilities & Restrictions
Utilities
- Electricity
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- Water
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- Heating
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- Broadband
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- Sewerage
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Rights & Restrictions
- Public Rights of Way
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- Private Rights of Way
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- Listed Property
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- Restrictions
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Property Features
- Accessibility
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- Parking
- On-Street Parking
- Garden
- Ask Agent
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Listing agent
The Good Estate Agent, National
Lemanis House, Stone Street, Lympne, Hythe, CT21 4JN
Contact The Good Estate Agent, National
Lemanis House, Stone Street, Lympne, Hythe, CT21 4JN
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