Lot 1 - 7 Esplanade West, Sunderland, Tyne and Wear, SR2 7BG

  • Unconditional Online Auction Sale
  • Guide Price* : £95,000

ON BEHALF OF RECEIVERS - Three self contained two bedroom flats all vacant and with a potential ERV of £16,920 per annum

Description

The property comprises a substantial vacant two storey mid terraced house, which has been extended to the rear by way of a single storey extension. It has been converted to provide three self contained two bedroom flats, across the ground, first and attic floors. They are accessed via a communal hallway and staircase. The property has a potential ERV of £16,920 per annum.

Location

Approximately 0.5 miles from the city centre in an established area for rental accommodation. The property is positioned on Esplanade West, a row of large terraced houses fronting the A1231, the main ring round. The A19 is located 4 miles to the west and junction 64 of the A1(M) lies 9 miles to the north west. Sunderland Railway Station is located less than a mile from the property and provides links to Newcastle and the wider rail network.

Tenure

Freehold.

Accommodation

Flat A: Ground Floor - large kitchen/lounge, two double bedrooms and a bathroom.
Flat B: First Floor - Lounge/kitchen, two double bedrooms and a bathroom.
Flat C : Attic - Lounge/kitchen, two double bedrooms and a bathroom.

We detail the following approximate areas:

Flat A: 79.75 sq.m (858 sq.ft)
Flat B: 70.96 sq.m (764 sq.ft)
Flat C: 57.11 sq.m (615 sq.ft)

Outside

Garden to the front, alongside a further garden and yard area to the rear. This area also provides a garage,which is accessed via a roller shutter to a rear lane. There is also parking for two cars, which is also accessed via a roller shutter from the rear.

Buyers Administration Fee

There will be a Buyer's Administration Fee of £1,920 inclusive of 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.

* 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.

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