Ridley Street

Pure Investor are pleased to present this amazing investment opportunity in Sunderland consisting of a 1-bedroom ground floor and 2 bedroom first floor apartment. The apartments include a parking space each via a electric roller shutter to the rear. The apartments are both currently tenanted returning £1,150 overall with both tenants being on periodic contracts. The property was fully converted from single 4 bed hours to two apartments in 2008. Full back to brick refurb, split utilities, and services, with everything being new. In 2020 there was a new roof, fascia, soffits and windows.

Investment Information

• Address: 3 Ridley Street, Sunderland SR52JN
• Asking price: £120,000.00
• Current rental income: £1,20pcm (£14,400 per annum)
• Yield: 12%
• Number of bedrooms: 3
• Number of bathrooms: 2
• Tenure: Freehold
• Sqft: 1,400
• Apartment 1 & 2 on periodic contracts
• Currently managed by local agency who do everything as landlord has a hands off approach as not local

Payment Plan

1. Reserve your unit with a signed reservation form
2. Provide certified ID, proof of address and proof of funds to Pure Investor
3. Pay a £2,500 non-refundable sourcing fee. 50% upfront and the remaining balance on completion.
4. Remaining balance due on completion