Lot 14 - 16B Thornhill Gardens, Sunderland, Tyne and Wear, SR2 7LD

  • Unconditional Online Auction Sale
  • Guide Price* : £47,500

ON BEHALF OF THE RECEIVERS - Two bedroom first floor flat let on an AST at a rent of £525pcm.

Description

A residential investment comprising a two bedroom first floor flat let on an AST at a rent of £525pcm, benefiting from central heating (not tested).

Location

Situated in an established area for rented accommodation, on a no through road and less than 0.5 mile to the south of the city centre. Access to local bus routes are conveniently located on Tunstall Road and nearby on Thornholme Road.

Tenure

Leasehold for a term of 999 years from 1st February 2006 at a peppercorn rent. The service charge for the 12 months to 31st January 2020 was £814.91.

Accommodation

Open Plan Living Room/Kitchen, Two Bedrooms and Bathroom/W.C

Outside

Shared grounds and car parking at the rear.

Tenancies

The property is let a rent of £525 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

EPC Asset Rating - 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.

* 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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Sold for £45,000

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