48 Frederick Street, Sunderland, Tyne & Wear SR1 1NF T: 0191 514 5777 E:
[email protected] W: www.paulairey.co.uk
5 Norfolk Street, City Centre, Sunderland, Tyne & Wear, SR1 1EA
Guide Price
* Freehold Student Accommodation Investment * City Centre Student Village Location * Established Investment Comprising of 7 Self Contained Apartments Consisting of 2 Studios, 4 two bedrooms and 1 three bedroom. * Gross rental income Circa £51,000 * Gross Yield 13.1% * GUIDE PRICE £390,000 An attractive 3 storey period property with an imposing stone facade which has been converted into 7 self contained apartments currently utilised as student accommodation. The property is located within the 'Student Village' of Sunniside a rapidly improving inner city location which lies within close proximity to a range of university campus'. Recent investment to Sunniside includes the Empire Multiplex Cinema, Grovesnor Casino, MFA Bowling, Frankie and Benny's and Nando's.