Terraced house for sale
Key information
Property description & features
- INVESTMENT SALE
- NO TENANTS
- OVER 4 FLOORS
- CITY CENTRE LOCATION
- EXCELLENT INVESTMENT
- LEASES UPON REQUEST
- VIEWING ADVISED
- EPC RATINGS: TBC
Location - This 4 storey mid terraced property is located on Frederick Street in Sunderland City Centre which is considered to be the professional district of the city with many surrounding occupiers including solicitors, estate agents amongst a mix of other retailers and cafes / restaurants.
Description - The property is arranged over 4 floors and is fully occupied by 3no tenants to the ground floor, first floor & second floor (attic) and a self contained basement. Within the building are shared WC's and a Kitchen
To the rear is a yard for car parking. Full lease details are available upon request.
Accommodation - We calculate the property provides the following approximate net internal areas:
Basement - 43.07 SQ M (464 SQ FT)
Ground Floor - 41.45 SQ M (446 SQ FT)
First Floor - 70.64 SQ M (760 SQ FT)
Second Floor - 43.07 SQ M (463 SQ FT)
Asking Price - £160,000 - One Hundred and Sixty Thousand Pounds
Tenancy Details - We have been advised of the following tenancies in the property:
Basement - A lease for a term of 5 years from 1st July 2022 at a passing rent of £4680 per annum. The tenant has a 6 months break clause
Ground Floor - A lease for term of 1 year from 1st May 2019 at a passing rent of £4680 per annum. The tenants are holding over on the lease.
First & Second Floor - A lease for term of 1 year from 5th April 2019 at a passing rent of £5200 per annum. The tenants are holding over on the lease.
Tenure - The property is being sold on a freehold basis subject to the leases in place.
Money Laundering Regulations - In accordance with Anti -Money Laundering Regulations, the Purchaser/Tenant will be required to provide 2 forms of identification together with confirmation of the source of funding.
Disclaimer - None of the equipment or systems within the premises have been tested by the Agent and it is the responsibility of the Purchaser/Lessee to ensure that they are in working order.
Epc - TO FOLLOW
Viewing - Please contact the office on[use Contact Agent Button] - [use Contact Agent Button]
Or our Joint Agents
Contact - Marc Weaver or Alexa Reavley
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Freehold Legal Costs - Each party will be responsible for their own Legal Fees incurred in the transaction.
Rateable Value - The Valuation Office has confirmed the current Rateable Values are as follows:
Ground Floor: £4,750
First & Second Floors: £7,800
Basement: £3450
The Uniform Business Rate for the Rates Year 2023/2024 is 49.9p. If necessary, a written request should be made to the Local Authority for confirmation.
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Property reference 32627103. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Michael Hodgson Chartered Surveyors & Estate Agents - Sunderland.
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Broadband availability and predicted speed: obtained from Ofcom on January 4, 2022
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Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on January 4, 2022
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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