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Manchester 0161 967 0122
12th February 2020 Auction
Lot Number - 6
SOLD PRIOR TO AUCTION
£90,000 Guide Price (plus fees)

24 Gray Road
Sunderland
Tyne And Wear
SR2 8HB

ON BEHALF OF THE RECEIVERS House converted into 4 flats in need of some refurbishment with potential for a gross annual equivalent income of £19,600

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  • House converted into 4 flats with potential for a gross annual equivalent income of £19,600

  • Refurbishment opportunity

  • Established area for rented accommodation

  • 0.5 mile from the city centre

Description

The property comprises a substantial three storey mid terraced house, which has been extended to the rear by way of a single storey extension. It has has been converted to provide four flats with the ground floor providing 2 x one bedroom flats, a two bedroom flat to the first floor and further flat to the second floor. Subject to any necessary repairs being carried out (and one of the vacant flats is part way through a refurbishment) and the property being let at the same rents the as previously it has the potential to produce a gross annual equivalent income of £19,200.

Location

Approximately 0.5 miles from the city centre in an established area for rental accommodation. The property is positioned on Gray Road, which provides access to Ryhope 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 - lounge/kitchen, double bedroom and bathroom.
Flat B: Ground Floor(Rear) - lounge/kitchen, double bedroom and bathroom - partway through refurbishment
Flat C : First Floor - lounge/kitchen, two double bedrooms and a bathroom.
Flat D : Attic Floor - Not Inspected - assumed two bedroom

We detail the following approximate areas:

Flat A: 45.61 sq.m (491 sq.ft)
Flat B: 45.58 sq.m (491 sq ft)
Flat C: 45.23 sq.m (487 sq.ft)
Flat D: Not inspected

Buyers Administration Fee

There will be a Buyer's Administration Fee of £1,800 (inc VAT) payable upon exchange of contracts.

Outside

Garden to the front and yard at the rear.
Photo of Kate Lay

Kate Lay

0161 967 0122
Photo of Heather Twiss

Heather Twiss

0161 967 0122

Solicitor

Carly Blake
TLT
0333 006 0699
Carly.Blake@TLTsolicitors.com
Lot 6
£90,000 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