2 bed flat for sale

Nile Street, Sunderland, Tyne And Wear SR1

For sale by live stream auction on Tuesday 24th March 2026 at 12PM.

*guide price £70,000+

Two bedrooms city centre fifth floor penthouse apartment.

Sold with a tenant in situ currently paying £850 pcm (£10,200 per year) which equates to an attractive 14.57% gross yield based against the guide price.

Auction house are yet to inspect the property, however we believe the accommodation comprises briefly of communal entrance with lift to fifth floor, entrance lobby, open plan living room//fitted kitchen, roof terrace, two double bedrooms, shower room/WC and bathroom/WC.

Sunderland's only Manhattan style apartment development. Stunning Westerly views stretch across the City Centre via the large terrace and oversized windows.

Pictures taken in August 2025 before the current tenant moved into the property.

Lease term - 125 years (less 1 day) from 2 January 2009
Ground Rent - £tbc

Additional Information

Tenure

Leasehold

Disclaimer

Any information in relation to the length of lease, service charge, ground rent has been confirmed by our sellers. We advise buyers to make their own enquiries through their solicitors to verify that the information provided is accurate and not been subject to any change.

Council Tax

Band B

Charges & Payments

In addition to the deposit Administration Charge: 1.5% inc VAT of the purchase price subject to a minimum of £2,100 inc VAT. Search Fees: £360 inc VAT.

Disbursements

Any additional disbursements payable by the purchaser are yet to be confirmed by the vendor's solicitor. For more details, please see the legal pack.

Guide Price

Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure