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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 2025Ground 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 online auction on April 30, 2025, is a unique investment opportunity that combines a ground-floor A5 hot food takeaway with a two-bedroom residential flat above, situated on the popular Southwick Road in Sunderland. The property is fully tenanted, with the shop let at £800 per month and the flat at £650 per month, generating an annual income of £17,400. The freehold title offers a solid foundation for a long-term investment, and the property's established location ensures a steady stream of customers. The auction process is unconditional, with a 10% deposit and a buyer's administration fee of £1,200 plus VAT required upon the fall of the hammer. The property is being sold with a legal pack, and interested buyers can register to bid on the Town & Country Property Auctions website.