A residential investment comprising a two bedroom ground floor flat let at £300pcm within a two storey mid terrace property.
The property is located off Riversdale Terrace (A690) via Eden House Road and is approximately 1 mile from Sunderland City Centre. Local amenities are available nearby.
Leasehold in respect of number 7 for a term of 999 years from the 11th September 1997, together with the freehold for the first floor flat (No 8) which is sold subject to a corresponding sub-lease. This arrangement is known as a “Tyneside Lease”, with the intention that the leaseholder of each flat within the property is also the landlord of the other flat.
We have not carried out an internal inspection and the accommodation is assumed to comprise the following. Interested parties should satisfy themselves in this regard:
Living Room, Kitchen, Two Bedrooms and Bathroom/W.C
The property is let on an Assured Shorthold Tenancy for a term of 12 months from the 13th November 2020 at a rent of £3,600 (£300 pcm) payable annually at the commencement of the tenancy.
Energy Rating - D
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. 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.
This auction is now closed.
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Unfortunately we are unable to arrange viewings on this property. Please refer to Additional Information as to reliance on any photographs or video tours available.
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