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Manchester 0161 967 0122
4th September 2019 Auction
Lot Number - 20
WITHDRAWN
£92,500 Guide Price (plus fees)

22 Azalea Terrace North
Sunderland
Tyne And Wear
SR2 7ES

ON BEHALF OF THE RECEIVERS : House converted into 4 flats (part let and part vacant) with potential for a gross annual equivalent income of £19,760

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  • House converted into 4 flats (part let and part vacant) with potential for a gross annual equivalent income of £19,760

  • Refurbishment opportunity

  • Established area for rented accommodation

  • 0.5 mile from the city centre

Description

The property comprises a substantial two storey mid terraced house, which has been extended to the rear by way of a single storey extension. It has has been converted to with ground floor providing two one bedroom flats, and with a further two flats to the first floor and attic. We were unable to internally inspect the two upper floor flats. Two of these flats are let and one of the vacant flats is fire damaged. Subject to any necessary repairs being carried out and the remainder subsequently being let at the same average rents the property has the potential to produce a gross annual equivalent income of £19,760.

Location

Approximately 0.5 miles from the city centre in an established area for rental accommodation. The property is positioned on Azalea Terrace, which provides access to Tunstall 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.

Accommodation

Flat A: Ground Floor - kitchen/lounge, double bedroom and a bathroom.
Flat B: Ground Floor(Rear) - lounge/kitchen, double bedroom and a shower room. - fire damaged
Flat C : First Floor - Not inspected - assumed one bedroom
Flat D : Attic Floor - Not Inspected - assumed one bedroom

We detail the following approximate areas:

Flat A: 44.98 sq.m (484 sq.ft)
Flat B: 42.12 sq.m (451 sq ft)
Flat C: Not Inspected
Flat D: Not inspected

Tenancies

Flat C is let at £91.15 per week.
Flat d is let at £103.85 per week.

Buyers Administration Fee

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

Tenure

Freehold.

Outside

Yards at front and rear.
Photo of Heather Twiss

Heather Twiss

0161 967 0122
Photo of James Ashworth

James Ashworth

07928 583229

Solicitor

Sophie Bishop
TLT
0333 006 0968
Sophie.Bishop@TLTsolicitors.com
Lot 20
£92,500 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