Lot 9 - Flat 7 Park Hall, The Cloisters, Sunderland, Tyne and Wear, SR2 7QB
- Unconditional Online Auction Sale
- Guide Price* : £47,500
- Residential investment
- Let at £456 per month
- Purpose built block
- Two Bedroom Apartment
- Convenient location
ON BEHALF OF LPA RECEIVERS: Two bedroom apartment currently let at £456 per month
Description
A residential investment comprising a two-bedroom apartment positioned on the first floor of a modern and purpose built block, with two bedrooms, a bathroom, a kitchen and a living room which incorporates patio doors and a Juliet balcony. Externally, the flat is accessed via an intercom entrance and there are communal gardens to the rear. There is a lift in the block.
We understand that the flat is let at £456 per month.
Location
Situated approximately 0.5mile south of the city centre, close to Ashbrooke School and convenient for the local bus routes that run along Ryhope way.
Tenure
Leasehold for 125 years from 2nd January 2003 at a ground rent of £170 per annum.
Accommodation
Two bedrooms, a bathroom, a kitchen and a living room.
Outside
Communal gardens.
Tenancies
The Receivers do not hold a copy of the AST. The tenant has informed us that the rent is £456 per month.
EPC
Energy Performance Asset Rating - D
Council Tax Band
C
Lease Start Date
02/01/2003
Lease Duration
125 years (103 years unexpired)
Buyers Administration Fee
There will be a Buyer's Administration Fee of £2,400 (inc VAT) payable upon exchange of contracts.Additional Information
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, i.e. 'The Reserve'. 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.
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