Initial price	£55,000
17/05/25	£50,000
Price Change	-9.09%

This is a long leasehold, tenth-floor, riverside duplex penthouse apartment with approximately 1,242 square feet of living space. The property offers stunning river views, a balcony, and a parking space. The apartment is located on the fringe of Sunderland's city center, with easy access to the city's university, public transportation, and major road networks. The property is currently let on a 12-month Assured Shorthold Tenancy agreement at a rent of £1,000 per month, with a reserved rent of £12,000 per annum. The property is held on a long lease with a ground rent of £389 per annum, which increases every 25 years. The guide price for the property is not a valuation or assessment of its value, but rather an indication of the region at which the reserve may be set.