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The Agent of the North

Hylton Road, Sunderland

11 Beds, 11 Baths

Guide Price £425,000 +
Overview
Location
Street View
Floorplans
EPC
Information

Property Features

  • Part Commercial/Part Residential
  • Eleven Professional Units
  • Shared Kitchen Facilities
  • All Units En-Suite
  • Four Ground Floor Units
  • Good Rental Income Potential
  • Ideally Placed For City Centre
  • Quote ID: 404406

Property Description

FOR SALE BY WAY OF ONLINE AUCTION - Terms and Conditions apply. See www.agentspropertyauction.com.ATTENTION BUYERS - NO BUYERS PREMIUM TO PAY OUTSTANDING COMMERCIAL/RESIDENTIAL INVESTMENT OPPORTUNITY - Situated on one of the main arterial routes in this area, this investment opportunity is ideally located for the University, Sunderland City Centre and major transport links. Comprising of four ground floor units and eleven en-suite professional lets, arranged over two floors. We are informed that at present the total annual rental income is £76,074 (potentially £81,474 when fully let) All ground floor units are presently let on 10 year leases (with a break in year 5). In addition the advertising boards presently produces an income of £450 pa. The luxuriously appointed rooms with modern fixtures and fittings including 55'' TV's and furniture is included within the sale price. All of the flats have HMO licences. To be sold as ONE LOT, we believe this to be an excellent investment opportunity which has been recently re-furbished and modernised to a high standard.
No Floorplans found for this property.
No EPCs found for this property.
GROUND FLOOR UNITS

Unit 1 - Approx 160m2 (£550pcm - let)

Unit 2 - Approx 83m2 (282pcm - let)

Unit 3 - Approx 65m2 (260pcm - let)

Unit 4 - tbc (260pcm - let)

All let on 10 year leases from 2019 (with a break in year five) and in addition the advertising board generates an annual income of £450.

FIRST AND SECOND FLOORS

11 Double rooms all with en-suite bathrooms and shared kitchens, let at £450 each pcm on Assured Shorthold Tenancy Agreements. Fully furnished with modern fixtures and 55'' TV's, all furniture included within price.

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 andpound;1000.00+VAT (total andpound;1200.00) Auction Administration Fee. Joint Agent The Agents Property Auction Ltd. Tel: 01661 831 360

Disclaimer

The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure and lease information, fixtures and fittings and, where the property has been recently constructed, extended or converted, that planning/building regulation consents are in place. All dimensions are approximate and quoted for guidance only, as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for purpose. We offer our clients an optional conveyancing service, through panel conveyancing firms, via Move With Us and we receive on average a referral fee of one hundred and ninety four pounds, only on completion of the sale. If you do use this service, the referral fee is included within the amount that you will be quoted by our suppliers. All quotes will also provide details of referral fees payable.

EPC Rating:


The information provided about this property does not constitute nor form part of an offer or contract, nor may be it be regarded as representations.All interested parties must verify accuracy and your solicitor must verify tenure and lease information, fixtures and fittings and, where the property has been recently constructed, extended or converted, that planning/ building regulation consents are in place.All dimensions are approximate and quoted for guidance only, as are floor plans which are not to scale and their accuracy cannot be confirmed.Reference to appliances and / or services does not imply that they are necessarily in working order or fit for the purpose. We offer our clients an optional conveyancing service, through panel conveyancing firms, via Move With Us and we receive on average a referral fee of one hundred and ninety four pounds, only on completion of the sale.If you do use this service, the referral fee is included within the amount that you will be quoted by our suppliers.All quotes will also provide details of referral fees payable.
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Sunderland
9 Frederick Street

T: 0191 5653377

E: sunderland@andrewcraig.co.uk

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