1-1A Westbury Street, Millfield, Sunderland, SR4 6EF

Investment Opportunity For Sale

1,620 ft²

Asking Price £170,000

Key Features

Features
Prominent suburban mixed use premises in busy & popular location
Good Transport Links
On Street Parking
Ground Floor leisure and First Floor accommodation.
Annual income £22,200
NIA 150m2 (1,620 ft2)
Transport
Bus stop within 0.1 miles
Millfield Metro Station within 0.1 miles
Close proximity to Pallion Retail Park
22 miles from Newcastle Airport
12 miles from Newcastle City Centre

Property Description

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


Sign up to my BH to register for property notifications