Lot 10 - Flat C, 7 Elms West, Sunderland, Tyne and Wear, SR2 7BY

  • Unconditional Online Auction Sale
  • Guide Price* : £25,000

ON BEHALF OF THE RECEIVERS - Vacant one bedroom first floor flat

Description

The property comprises a one bedroom first floor flat.

Location

Located in approximately 0.5 miles south 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

Leasehold for 125 years from 1st September 2006 at an initial rent of £100 subject to 25 yearly rent reviews with fixed uplifts to double the preceding periods rent.

Accommodation

Kitchen, Lounge, One Bedroom and Bathroom.

Buyers Administration Fee

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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