Lot 8 - 34 Hylton Road, Sunderland, Tyne and Wear, SR4 7AA
- Unconditional Online Auction Sale
- Guide Price* : £75,000
- Mixed use property
- Ground floor shop with flat above
- Part let with the opportunity to increase income once fully let
- Ideal investment opportunity
- Currently producing £6,240p.a. with ERV of circa £13,000p.a.
ON BEHALF OF LPA RECEIVERS- Ground floor retail unit with flat above
Description
The property comprises a mid terrace property arranged as a vacant commercial unit to the ground floor with a separately accessed flat to the first floor
* VIDEO TOUR AVAILABLE UPON REQUEST *
Location
Hylton Road is one of the main roads into Sunderland City centre with a mixture of commercial uses and high density residential housing nearby. Millfield railway station is around 200m away.
Tenure
Freehold
Accommodation
Ground floor- Vacant commercial unit
First floor- Self contained flat (not inspected)
Tenancies
The first floor is let to a residential tenant on a rolling AST with a rent of £520pcm / £6,240p.a.
EPC
Energy Performance Asset Rating - E
Council Tax Band
A
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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