Close cookie policy popup window
This site uses cookies for analysis purposes only. This helps us understand how you and other visitors use our site. To see a complete list of these cookies or to opt out please access our cookie policy page.

You will see this message only once, but you will be able to find more information about our use of cookies or opt out at any time.
Manchester 0161 967 0122
4th September 2019 Auction
Lot Number - 22
WITHDRAWN
£100,000 Guide Price (plus fees)

2 Worcester Terrace
Sunderland
Tyne And Wear
SR2 7AR

ON BEHALF OF THE RECEIVERS : House converted into 3 flats (part let and part vacant) with potential for a gross annual equivalent income of £12,000

Register to Bid / Bid >
  • House converted into 3 flats (part let and part vacant) with potential for a gross annual equivalent income of £12,000

  • Refurbishment opportunity

  • Established area for rented accommodation

  • 0.5 mile from the city centre

Description

The property comprises an extended two storey (with attic) mid terrace house which has been converted to provide 3no flats (2no one bedroom and 1no three bedroom flats) having a shared yard accessed by a vehicle roller shutter. One of the flats is occupied (let at £350 per month, but note the tenant has given notice to vacate) and two are vacant. Assuming the vacant flats can be let for £325 per month the property has the potential to produce a gross annual equivalent income of £12,000.

Location

The subject is located in Sunderland, approximately 0.5 miles from the City Centre. Sunderland lies circa 15 miles to the south east of Newcastle and 30 miles to the north of Middlesbrough in Tyne and Wear. The property is positioned on Worcester Terrace, which connects to the junction of A690 & A1231 via Thornhill Crescent. The A690 is a main arterial route linking Sunderland city centre to Junction 62 of the A1 (M). It is 0.3 miles from Park Lane underground train station.

Accommodation

Flat A: Ground Floor - entrance hall, open plan living room/kitchen, bedroom and bathroom.
Flat B: Ground Floor(Rear) - lopen plan kitchen/living room, bathroom and bedroom.
Flat C/Attic : entrance hall with staircase, kitchen, living room, bedroom and bathroom to the first floor and hall and 2no bedrooms to the attic. I

We detail the following approximate areas:

Flat A: 34.47 sq.m (371 sq.ft)
Flat B: 30.03 sq.m (323 sq ft)
Flat C: 80.58 sq.m (867 sq ft)

Tenancies

Flat A is let at £350 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

Externally, to the front elevation between the building and pavement is a small concrete area with dwarf brick wall and a path. To the rear is a paved and gravelled yard accessed from the alley via vehicle roller shutter door.

Addendum

Flat A is occupied but the tenant has given 1 months notice to vacate from 29th August 2019. The other two flats are vacant.
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 22
£100,000 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