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Southwick Road, Sunderland SR5 Mixed use for sale
Southwick Road, Sunderland SR5
£150,000
Southwick Road, Sunderland SR5
£150,000
Our Summary
- Guide Price £150,000 Plus FeesFor sale by unconditional online auction, registration is now open
- For sale by online auction on 30 April 2025Bidding opens at 9:00am and closes from 9:30amGround Floor A5 Hot Food Takeaway First Floor Two Bedroom Flat Fully Tenanted for £17,400 Per AnnumInvestment OpportunityFreehold Title Popular Established LocationFantastic commercial and uppers for sale via auction treaty, well located along the popular Southwick Road, Sunderland
- The shop is let at £800pcm and the flat is let at £650pcm, producing £17,400 per annum, making a great investment opportunity
- TenureFreehold TermsLegal PackTo review the legal documents and to view the auction information click on the buttons at the bottom of this advert or visit our website tcpa
- The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated in the legal pack or on the sales details)
- You will then be directed to create an auction passport account with our online-bidding platform provider Essential Information Group
Description
For sale by unconditional online auction, this property is a unique investment opportunity. The ground floor is an A5 hot food takeaway, while the first floor is a two-bedroom flat that is fully tenanted, generating £17,400 per annum. The property is freehold and situated on popular Southwick Road in Sunderland. The takeaway is let at £800 per month, and the flat is let at £650 per month. The auction will take place on April 30, 2025, and registration is now open. A 10% deposit (minimum £5,000) and a buyer's administration fee of £1,200 plus VAT will be required upon the fall of the hammer. The property must be legally completed within 28 days following the auction. Additional fees, costs, and charges may apply, and can be found in the legal pack.