No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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£145,000 | 610 sq ft
Added > 14 days

Property for sale

Merle Terrace, Sunderland SR4
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Property
2 bed
0 bath
610 sq ft / 57 sq m

Property description & features

  • 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.

Places of interest

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    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. Sales & Lettings (Commercial & Residential) : We specialize in modern and highly effective property marketing strategies. We have a wide network of buyers, investors and tenants, enabling us to match properties with interested parties quickly. We provide clients with valuable insights into the current property market.  Property Management (Commercial & Residential):   Tenant Finding/ Commercial Lease • Inspection Reports/ Repairs • Rent Collections/ Rent Statements Full Refurbishment: • Full Scale Property Renovation  • Customized Property Upgrades • Project Coordination Building Survey: We offer Building surveys, valuation reports, homebuyers report and condition reports. Consultation: We can offer you advice and help in dealing with any matters related to party wall, business rates, planning permission, council tax, utilities, repossessions, commercial lease and any other property related matters.

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    Property reference 8SCSu2ySHSI. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Spire Property Group & Consultants - Sunderland.

    OnTheMarket may have applied supplementary data to this property listing, including:

    Broadband availability and predicted speed

    Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

    Basic: Up to 30 Mbit/s
    Super-fast: Between 30 Mbit/s and 300 Mbit/s
    Ultra-fast: Over 300 Mbit/s

    The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

    Mobile phone signal availability and predicted strength

    Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

    Clear: No bars, no signal predicted
    Red: One bar, reliable signal unlikely
    Amber: Two bars, may experience problems with connectivity
    Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
    Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

    Energy Performance data and Internal floor area

    Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.

    *Call rate information

    Calls to 0843 numbers will be charged at 4p/min from BT landlines. Calls from other networks may vary, and calls from mobiles and outside the UK will be higher. Calls to local numbers beginning with 01, 02 and 03 numbers will incur standard geographic charges from landlines and mobiles.