Lot 15 - Apartment 46 St. Michaels, Gray Road, Sunderland, Tyne and Wear, SR2 8JU
- Unconditional Online Auction Sale
- Guide Price* : £42,500
- First Floor Flat
- Two Bedrooms
- Modern development
- Courtyard providing parking
- Investment property Let at £7,200 per annum
ON BEHALF OF LPA RECEIVERS: Two bedroom first floor flat which is Let at £600pcm.
Description
A residential investment comprising a two bedroom first floor flat within a purpose built development benefiting from double glazing and central heating (not tested). The property is Let at a annual equivalent rent of £7,200.
Location
The property is located on the outskirts of Sunderland City Centre, offering easy access to shops, amenities, and excellent transport links such as Park Lane Interchange and Sunderland train station.
Tenure
The property is held Leasehold for a term of 150 years (less a day) commencing 1st January 2005 at a ground rent of £101.70 per annum. The combined reserve and service charge for the block and estate is £1260.24.
Accommodation
Kitchen, Lounge,Store Room, Two Bedrooms and Bathroom/W.C
Outside
Courtyard parking.
Tenancies
The property is Let on an Assured Shorthold Tenancy for a term of 6 months from the 5th August 2022 at a rent of £500pcm. The rent was increased to £600pcm from the 4th July 2024.
EPC
Energy Performance Asset Rating - B
Council Tax Band
B
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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