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Olive Street, Sunderland

Guide Price £77,500+

Property Info

The property is on Olive Street, superbly situated within Sunderland City Centre therefore has excellent footfall. Sunderland is a large city located on the River Wear. The City Centre is lively and vibrant having a wealth of national and independent retailers. There are ample car parking facilities and the Bridges Shopping Centre is approximately 100 yards away.

A mid terrace two storey property with pitched roof.
The ground floor is circa 50.54 sq. m. and is currently tenanted by a takeaway called Fat Boy Station.
The first floor has a separate access and is currently tenanted by a barber shop called Jacks.

EPC rating: G

For Sale By Auction www.agentspropertyauction.com LIVE ONLINE AUCTION 29.10.20

Disclaimer 1
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

Disclaimer 2
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 £750+vat (total £900) 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.

Disclaimer 3
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.
Detail awaiting vendors approval.

Disclaimer 4
Tenancy Agreements
Ground Floor
A 5 year lease commenced 2019 and ending 2024
First Floor
A 5 year lease commenced on 17th August 2016 and ending 16th August 2021.
Rental Income
Ground Floor
£6,000 per annum rising to £7,500 per annum from 2021.
First Floor
£5,000 per annum

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