Lot 6 - 24 Gray Road, Sunderland, Tyne and Wear, SR2 8HB
- Unconditional Online Auction Sale
- Guide Price* : £90,000
ON BEHALF OF THE RECEIVERS - Mid terrace house arranged as four flats in need of some refurbishment with potential for a gross annual equivalent income of £19,600
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. The property has a potential ERV of £19,200 per annum.
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
Outside
Garden to the front and yard at the rear.
EPC
Energy Asset Ratings is C for Units B, C & D and D for Unit A.
Buyers Administration Fee
There will be a Buyer's Administration Fee of £1,920 (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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