Investment Opportunity in Pallion
Mixed-use property on Merle Terrace, Sunderland, with a retail shop and 2-bed flat, both tenanted. Annual income £12,000, rising to £13,200. Close to schools and transport.
£140,000
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).
