Asking Price £170,000
LOCATION
The subject properties are located on Hylton Road, Sunderland; a thoroughfare with high footfall, benefitting from a wide variety of shops, café’s and restaurants serving the surrounding area. The property also benefits from being within walking distance to Millfield Metro station and the University of Sunderland, City Campus.
DESCRIPTION
The subject property a two storey, end of terrace building consisting of a drinking establishment on the ground floor and a three bedroom flat to the first floor. The ground floor is made up of a bar area, sports room/lounge area, kitchen, male and female WC’s and storage area. The first floor is made up of a lounge, kitchen, utility room and three bedrooms.
ACCOMMODATION
Ground Floor Leisure
|
85.6 sq. m
|
921 sq. ft
|
Residential Accommodation
|
64.9 sq. m
|
699 sq. ft
|
INVESTMENT DETAILS
Name | Rent PCM | Rent Per Annum |
1 Westbury Street
|
£1,300
|
£15,600 |
1A Westbury Street
|
£550
|
£6,600
|
Total
|
£1,850
|
£22,200
|
RATING ASSESSMENT
The rateable value of the premises as at 1 April 2023 is £2,350 and the estimated rates payable for the current year is £1,151.5. This is based on the standard Small Business Rate of 49.9p in the pound, however, interested parties should confirm the current position with the Local Authority.
EPC RATING
1 Westbury Street – Rating C 51.
1A Westbury Street – Rating E 43.
TERMS
Available by way of Freehold Title at a purchase price of £170,000 (One Hundred and Seventy Thousand Pounds).
VAT
All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.
LEGAL COSTS
Each party is responsible for their own legal costs.
ANTI-MONEY LAUNDERING REGULATIONS
In accordance with Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.
VIEWING
For general enquiries and viewing arrangements please contact Michael McGhin on michael.mcghin@bradleyhall.co.uk or 0191 563 4242