A residential investment comprising a one bedroom second floor converted flat let at a rent of £446pcm, benefiting from central heating.
Located in approximately 0.5 miles south from the city centre. The main A19 is located 4 miles to the south west and junction 63 of the A1(M) lies 8.5 miles to the west. Sunderland Railway Station is located less than a mile from the property and provides links to Newcastle and the wider rail network.
Leasehold for a term of 125 years from 1st September 2006 at an initial rent of £100 per annum. The service charge for the period ending 31st March 2020 was £794.40 per annum.
Open Plan Living Room/Kitchen, Bedroom and Bathroom/W.C
The property is let at a rent of £466 per month on a periodic monthly tenancy following expiry of an Assured Shorthold Tenancy that expired on 20th January 2019. Please note the Receivers only hold an unsigned copy on file.
EPC Asset Rating - C
There will be a Buyer's Administration Fee of £1920 (inc VAT) payable upon exchange of contracts.
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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