Lot 1 - Flat 1, 3 Norfolk Street, Sunderland, Tyne and Wear, SR1 1EA

  • Unconditional Online Auction Sale
  • Guide Price* : £25,000

ON BEHALF OF THE RECEIVERS - One bedroom flat let on an AST at a rent of £475pcm.

Description

A residential investment comprising a one bedroom flat let on an AST at a rent of £475pcm.

Location

The property lies within an established area for rented accommodation, just a few minutes walk from the town centre which is less than 500 metres to the west. Local transport is easily accessible, with bus routes running along High Street West and Tatham Street which are at either end of Norfolk Street.

Accommodation

Living Room, Kitchen, Bedroom and Bathroom/W.C

Tenancies

The property is let a rent of £475 per month. The agreement is believed to be an Assured Shorthold Tenancy, but the Receivers do not hold a copy on file so this cannot be verified. Rent is being demanded and received as per the copy rent statement in the Legal Pack.

EPC

Energy Asset Rating is C.

Buyers Administration Fee

There will be a Buyer's Administration Fee of £1920 (inc VAT) payable upon exchange of contracts.

Additional Information

1. The information contained within the Particulars are given in good faith, but all descriptions, statements, dimensions ( these may have come from a third party source e.g. the seller, valuation reports or historic sales particulars), references to condition and permissions for the use and occupation or other details are made without responsibility and should not be relied upon as representation of fact.

2. If a video walk through, or any other form of virtual tour, is provided whilst every effort is made to accurately give an overview of the property we cannot give any warranty concerning the nature, and condition of the property and the suitability thereof for any and all activities and use. The video, or tour, is provided to assist only and without responsibility and should not be relied upon as representation of fact, or replace all appropriate due diligence a prudent purchaser would make.

3. Please note the property is also known as 4h, 3 Norfolk Street as per the EPC and Flat 1 (4h) 3 Norfolk Street on the rent statement.

* Generally speaking Guide Prices 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. Virtually every 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 Guide.

The auction has not yet started
Minimum Opening Bid

£23,000


Bidding Opens On
15th Jul 2020 10:30
End Date

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Important Documents

Agreement Documents

Legal Documents

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