The title plan appear to exclude most of the yard at the front. Interested parties should rely on their own inspection.
The property comprises a substantial two storey (plus attic) end terraced house. It has has been converted to provide four flats with the lower ground floor providing 1 x two bedroom flat, a further 2 two bedroom flat to the ground and first floors and further one bedroom flat to the attic. Two of the flats are let at a combined monthly rent of £820 and if the other two flats were let at similar rents to Flat C then the property has potential to produce a gross annual rent of £19,080.
Approximately 0.5 miles from the city centre in an established area for rental accommodation. The property is positioned on Gray Road, which provides access to Ryhope Road and the A1231 inner ring road. 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.
Flat A: Lower Ground Floor - bathroom (at GF), Kitchen, Lounge and two double bedrooms
Flat B: Ground Floor- lounge/kitchen, double bedroom single bedroom/study and bathroom
Flat C : First Floor - lounge/kitchen, two double bedrooms and a bathroom
Flat D : Attic Floor - lounge/kitchen, one bedroom and a bathroom
We detail the following approximate areas:
Flat A: 55.89 sq.m (602 sq.ft)
Flat B: 41.86 sq.m (451 sq ft)
Flat C: 45.33 sq.m (490 sq.ft)
Flat D: Not measured
Externally the property provides a small yard to the front with decking, and driveway to the rear with space for two cars.
Flat A is let on a periodic statutory monthly tenancy at £435 per month and Flat C is let on a statutory periodic tenancy at £385 per month.
There will be a Buyer's Administration Fee of £1,800 (inc VAT) payable upon exchange of contracts.
* 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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