Mixed-Use BTL in Sunderland

This mixed use BTL opportunity based in Houghton-Le-Spring, Sunderland and offers 21% ROCE and an 11% yield.

- This property comprises of two fully let commercial units, generating a monthly rental income of £900, with a three-bedroom flat above, currently occupied by the owners, which will be able to be let for at least £700 per month
- All units are in good condition, and the property is turnkey allowing immediate cashflow
- The area commands a strong demand for working professionals and families due to its position as a major commuter hub
- Within the direct vicinity of this investment opportunity there is several regeneration projects, including a multi-million pound high-street revitalisation fund and plans for a new train station

Financials:

- Purchase Price: £180,000
- Purchase Costs: £50,550
- Sourcing Fee: £4,000
- Monthly Rent: £1,600
- Annual Rent: £19,200
- Monthly Profit: £893
- Annual Profit: £10,717
- ROCE: 21%
- Gross Yield: 11%

Sourced offer a comprehensive property wealth building package in one place;

- Sourced Investment Agents - Sourcing investment opportunities for you,
- Sourced Enterprise - Limited company and SPV formations with tax efficient portfolio structuring and accounting solution.
- Sourced Finance - Access specialist property lending and mortgages, created for investors.
- Sourced Lettings - Seamlessly integrate property management using our nationwide lettings management service.

For further information, get in touch.