Lot 17 - 7 Esplanade West, Sunderland, Tyne and Wear, SR2 7BG
- Unconditional Online Auction Sale
- Guide Price* : £145,000 plus
ON BEHALF OF RECEIVERS: House converted into 3 flats(part let and part vacant) with potential for a gross annual equivalent income of £16,920
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 been converted to provide three two bedroom flats, across the ground floor, first floor and attic. They are accessed via a communal hallway and staircase. One of the flats is currently let at £470 per month and two are vacant, which if subsequently let would mean the property has the potential to produce a gross annual equivalent income of £16,920
Location
Approximately 0.5 miles from the city centre in an established area for rental accommodation. The property is positioned on Esplanade West, a row of large terraced houses fronting the A1231, the main ring round. The 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.
Tenure
Freehold.
Accommodation
Flat A: Ground Floor - large kitchen/lounge, two double bedrooms and a bathroom.
Flat B: First Floor - Lounge/kitchen, two double bedrooms and a bathroom.
Flat C : Attic - Lounge/kitchen, two double bedrooms and a bathroom.
We detail the following approximate areas:
Flat A: 79.75 sq.m (858 sq.ft)
Flat B: 70.96 sq.m (764 sq.ft)
Flat C: 57.11 sq.m (615 sq.ft)
Outside
Garden to the front, alongside a further garden and yard area to the rear. This area also provides a garage,which is accessed via a roller shutter to a rear lane. There is also parking for two cars, which is also accessed via a roller shutter from the rear.
Tenancies
Flat A is let at 470 per month.
Buyers Administration Fee
There will be a Buyer's Administration Fee of £1,800 (inc VAT) payable upon exchange of contracts.* 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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