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Manchester 0161 967 0122
4th September 2019 Auction
Lot Number - 18
WITHDRAWN
£145,000 Guide Price (plus fees)

6 The Oaks
Sunderland
Tyne And Wear
SR2 8EX

ON BEHALF OF RECEIVERS: House converted into 4 flats (part let and part vacant)

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  • House converted into 4 flats (part let and part vacant) with potential for a gross annual equivalent income of £22,560

  • All 2 bedroom

  • 2 let, 2 Vacant

  • Established area for rented accommodation

  • 0.5 mile from city centre

Description

The property is currently part let, with 2 flats let and 2 vacant. It is currently generating a gross income of £900 pcm (£10,800 per annum) with the potential to increase this upon further lettings being achieved.

Location

Approximately 0.5 miles from the city centre in an established area for rental accommodation. The property is positioned on The Oaks, which appears to be a private access lane leading from Mowbray Road which provides access to the main A1231 ring road. The main A19 is located 4 miles to the west and junction 64 of the A1(M) lies 9 miles to the north west. Sunderland Railway Station is located less than a mile from the property and provides links to Newcastle and the wider rail network.

Accommodation

Flat A: Lower Ground Floor - kitchen/lounge, two double bedrooms and a bathroom (in shell condition and requires significant refurbishment works)
Flat B: Ground Floor - Not inspected and understood to be two bedrooms.
Flat C : First Floor - lounge/kitchen, two double bedrooms and a bathroom.
Flat D : Attic Floor - lounge/kitchen, double bedroom and bathroom.

We detail the following approximate areas:

Flat A: 64.76 sq.m (697 sq.ft)
Flat B: Not Inspected
Flat C: 57.64 sq.m (620 sq.ft)
Flat D: 53.32 sq.m (574 sq. ft)

Tenancies

Flat C is let at £475 per month.

Flat D is let at £425 per month.

Buyers Administration Fee

There will be a Buyer's Administration Fee of £1500 plus VAT payable upon exchange of contracts.

Tenure

Freehold.

Outside

Lawned garden to the front, . To the rear is a further enclosed lawned garden alongside a double garage which is accessed via the rear from Toward Road.

Addendum

Flat D is let at £425 per month.
Photo of James Ashworth

James Ashworth

07928 583229
Photo of Heather Twiss

Heather Twiss

0161 967 0122
Lot 18
£145,000 Guide Price (plus fees)
0161 967 0122
Manchester
0151 242 6754
Liverpool
0207 692 1930
London
Landwood Property Auctions is a trading name of LWA Manchester Limited a company registered in the United Kingdom under company number: 10855915. Registered Office: South Central 11 Peter Street Manchester M2 5QR. A list of directors is available at the registered office. VAT Reg Number: 277177173