A residential investment comprising a two converted first floor flat with allocated car parking space. The property is let on a rolling tenancy at a rent of £550pcm.
The property is located on Thornhill Park in a Conservation Area known as Ashbrooke, which is approximately half a mile from Sunderland City Centre. Access to local bus routes are conveniently located on Tunstall Road and nearby on Thornholme Road.
Leasehold for 125 years from 1st January 2007 at an initial ground rent of £100 per annum. We understand the annual service charge is £1,106.61.
Landwood Property Auctions have not inspected the property internally and have assumed the accommodation is as follows:
Open Plan Living Room/Kitchen, Hall, Bathroom and Two Bedrooms
Allocated car parking space to the front of the property.
The property is let on a rolling tenancy agreement which commenced in March 2011. The rent was increased from £500pcm to £550pcm from 1st January 2023. The Receivers do not hold a full copy of the AST. Please see documents on the legal pack.
Energy Performance Asset Rating - C
125 years (108 years unexpired)
There will be a Buyer's Administration Fee of £2,400 (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, i.e. 'The Reserve'. 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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