3, St Luke's Terrace, Sunderland, SR4 6NQ

Mixed-Use Investment Opportunity – 3 St. Lukes Terrace, Pallion, Sunderland, Sr4 A rare opportunity to acquire a mixed-use freehold property in the well-established Pallion area of Sunderland.

The building comprises a ground floor restaurant and an upstairs 1-bedroom flat, offering immediate income and long-term investment potential.

Investment Details: Ground Floor Restaurant: Currently let on a 15-year lease, producing £7,200 per annum.

First Floor 1-Bed Flat: Let on an Assured Shorthold Tenancy (AST) generating £6,000 per annum. Total Current Income: £13,200 per annum.

The property presents a stable income stream for investors seeking both commercial and residential returns.

With an asking price of £145,000, this equates to a potential gross yield of approximately 9.1%, making it an attractive proposition for buy-to-let investors.

Key Features: Mixed-use freehold building Ground floor restaurant with long-term lease Upstairs 1-bedroom flat on AST Total income £13,200 per annum Asking price: £145,000 Potential gross yield 9.1% Ideal for investors seeking dual-income property Tenure: Freehold Early viewing is highly recommended to appreciate the income potential and investment opportunity this property offers.