Popular
Total views: 500+
Property for sale
Merle Terrace, Sunderland SR4
Reduced
Property
2 beds
610 sq ft / 57 sq m
Features and description
- Tenure: Freehold
- Mixed Use Investment Property
- Shop and Flat FOR SALE
- Tenanted Investment Opportunity
- Located on a Busy Shopping Parade
We are delighted to present this fantastic investment opportunity for sale - a mixed-use property located on Merle Terrace in Sunderland. The property boasts a ground floor retail shop and a 2-bedroom flat on the first floor, each with its own separate entrance for added privacy and convenience.
Currently, both the shop and flat are tenanted, generating a combined annual income of £12,000 (£600pcm from the shop and £400pcm from the flat). The sellers have informed us that the flat is due for a rent review, which will increase the annual rental return to £13,200. This is a great opportunity for investors looking for a steady income stream.
Situated on a busy shopping parade, this property is conveniently located near Pallion retail park and the Pallion (Tyne and Wear Metro Station). In addition, residents will find themselves in close proximity to Diamond Hall Infant Academy, St Joseph's Catholic Primary School, and Diamond Hall Junior Academy, making it an ideal location for families.
Don't miss out on this excellent investment opportunity. For more information or to arrange a viewing, please contact our office.
Currently, both the shop and flat are tenanted, generating a combined annual income of £12,000 (£600pcm from the shop and £400pcm from the flat). The sellers have informed us that the flat is due for a rent review, which will increase the annual rental return to £13,200. This is a great opportunity for investors looking for a steady income stream.
Situated on a busy shopping parade, this property is conveniently located near Pallion retail park and the Pallion (Tyne and Wear Metro Station). In addition, residents will find themselves in close proximity to Diamond Hall Infant Academy, St Joseph's Catholic Primary School, and Diamond Hall Junior Academy, making it an ideal location for families.
Don't miss out on this excellent investment opportunity. For more information or to arrange a viewing, please contact our office.
About this agent

SPIRE Property Group & Consultants, your trusted team of North East based Estate Agents and Surveyors. We have over 50 years of combined industry
experience. We are firmly established in Sunderland with a vast amount of experience and local knowledge which combined with our team; offer a friendly
yet professional service to our clients. We offer: Free Property Valuations : We offer free property sale valuations and rental valuations. Our valuers are very
dynamic and can call out within 24 hours from first contact at no cost to clients. Should you wish to find out more please contact our office. Sale... Show more
experience. We are firmly established in Sunderland with a vast amount of experience and local knowledge which combined with our team; offer a friendly
yet professional service to our clients. We offer: Free Property Valuations : We offer free property sale valuations and rental valuations. Our valuers are very
dynamic and can call out within 24 hours from first contact at no cost to clients. Should you wish to find out more please contact our office. Sale... Show more