36 Merle Ter 610 sq ft Retail Property Sunderland SR4 6SF £140,000 (£229.51/sq ft) 8.57% Net Initial Yield

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.