£47,000+ (Guide price)
2 Bedrooms •1 Bathrooms •1 Receptions
OUTSTANDING COMMERCIAL/RESIDENTIAL INVESTMENT OPPORTUNITY –
Situated on one of the main arterial routes in this area, this investment opportunity is ideally located for the University, Sunderland City Centre and major transport links.
Comprising of four ground floor units and eleven en-suite professional/student lets, arranged over two floors. We are informed that at present the total annual rental income is £76,074 (potentially £81,474 when fully let) All ground floor units are presently let on 10 year leases (with a break in year 5). In addition the advertising boards presently produces an income of £450 pa.
The luxuriously appointed rooms with modern fixtures and fittings including 55” TV’s and furniture is included within the sale price. All of the flats have HMO licences.
To be sold as ONE LOT, we believe this to be an excellent investment opportunity which has been recently re-furbished and modernised to a high standard.
Property details provided by Andrew Craig
EPC rating: 45 – C
45a – D
47 – E
47a – D
49 – C
49a – D
For Sale By Auction www.agentspropertyauction.com LIVE ONLINE AUCTION 31 March 2021 OPTION 1
GROUND FLOOR UNITS
Unit 1 – Approx 160m2 (£550pcm – let)
Unit 2 – Approx 83m2 (282pcm – let)
Unit 3 – Approx 65m2 (260pcm – let)
Unit 4 – tbc (260pcm – to let)
All let on 10 year leases from 2019 (with a break in year five) and in addition the advertising board generates an annual
income of £450.
FIRST AND SECOND FLOORS
11 Double rooms all with en-suite bathrooms and shared kitchens, let at £450 each pcm on Assured Shorthold Tenancy
Agreements. Fully furnished with modern fixtures and 55” TV’s, all furniture included within price.
The Agents Property Auction have not inspected this property. The property details have been supplied by AC. None of the services have been tested. Measurements, where given, are approximate and for descriptive purposes only. Boundaries cannot be guaranteed and must be checked by solicitors prior to exchanging contracts. The details are provided in good faith, are set out as a general guide only and do not constitute any part of a contract. No member of staff has any authority to make or give representation or warranty in relation to this property.
For sale by auction see www.agentspropertyauction.com
Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £1000+vat (total £1200) Auction Administration Fee. At your request we can refer you to a North East based Solicitor from our panel. It is your decision whether you choose to deal with them, should you decide to use them you should know that we would receive a referral fee of £120 including Vat from them for the recommendation.
A copy of the title is available upon request, we recommend all potential buyers take legal advice, satisfy their requirements on all matters and have finance in place prior to purchase.
Details awaiting vendors approval.
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