A charming second-floor studio apartment, ideally situated on Borough Road in the heart of Sunderland. This property offers an enticing blend of modern living and investment potential, making it a standout opportunity in the local market. The thoughtfully designed accommodation features an open-plan bedroom and sitting room, creating a versatile living space that maximises functionality and comfort. The shower room is fitted with contemporary fixtures, adding a touch of elegance to this compact city abode. One of the most appealing aspects of this property is its prime location in Sunderland's bustling city centre. Residents will appreciate the convenience of having a diverse array of shops, restaurants, and essential amenities right on their doorstep. This central position ensures that everything one might need for modern urban living is within easy reach. For investors, this apartment presents an exceptional opportunity. It is currently occupied by tenants paying £500 per calendar month, generating an impressive yield of over 17%. This attractive return makes it an ideal addition to any property portfolio, offering immediate income and strong potential for long-term growth. Auctioneers Note The deposit for exchange of contracts on this property is 10% subject to a minimum of £10,000. The completion period for this property is 28 days. Starting Bid and Reserve Price *The Reserve Price is the minimum price at which the auctioneer is authorised to sell the lot at auction which is generally no more than 10% in excess of the guide price. The lot may be sold to the highest bidder at or above the Reserve Price but the auctioneer is not authorised to accept a bid below the Reserve Price. Reserve prices are subject to change up to the date of the auction. Please note that’s Lots may be withdrawn prior to the end of auction. Disclaimer These particulars, whilst believed to be accurate based on information from the seller and photographic evidence, are set out as a general outline only for guidance and do not constitute any part of an offer or contract. We have not physically inspected the property, therefore intending purchasers should not solely rely on these details as statements of fact, but must satisfy themselves by personal inspection or other means to verify the information provided. No person in this firm's employment has the authority to make or give any representation or warranty in respect of the property. If the property is occupied during the auction but to be sold with vacant possession, we take no responsibility if the property is not vacated on or before completion.