Lot 3 - Flats A, B and C, 3 The Grove, Sunderland, Tyne and Wear, SR2 7HF
- Unconditional Online Auction Sale
- Guide Price* : £80,000
- Residential Investment - part Let producing £12,000pa
- 3No two bedroom flats
- Ashbrooke Conservation Area
- Close to Sunderland City Centre
- ERV when fully Let £18,600
ON BEHALF OF LPA RECEIVERS: Mid terrace property arranged as 3 x two bedroom flats which is partially let producing £12,000 per annum
Description
*VIEWINGS AVAILABLE UPON REQUEST* A residential investment comprising a mid terraced house which has been converted to provide 3 x two bedroom flats arranged over three floors. Two of the flats are currently occupied with a combined annual rental income of £12,000 and one of the flats is vacant.
Location
Located in Ashbrooke an affluent residential suburb and Conservation Area in Sunderland, approximately 0.5 miles 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.
Tenure
The property is held Freehold.
Accommodation
Ground Floor: Communal Hall leads to all Flats
Flat A - Hall, Lounge, Bathroom/W.C, Two Bedrooms, Store Room and Kitchen
First Floor:
Flat B - Hall, Open Plan Lounge/Kitchen, Bathroom/W.C and Two Bedrooms
Attic Level:
Flat C - Hall, Open Plan Lounge/Kitchen, Two Bedrooms and Bathroom/W.C
Outside
Front garden and rear communal yard.
Tenancies
Flat A - £500pcm. The Receivers have not had had sight of the tenancy agreement.
Flat B - Vacant.
Flat C - £500pcm. The Receivers have not had sight of the tenancy agreement.
EPC
Flat A Energy Performance Asset Rating - D. Flat B Energy Performance Asset Rating - C. Flat C Energy Performance Asset Rating - D.
Council Tax Band
A
Buyers Administration Fee
There will be a Buyer's Administration Fee of £2,400 (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, 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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