Offers in excess of £5,000,000
INVESTMENT SUMMARY
LOCATION
The subject properties are located across the North East of England, within and surrounding Sunderland city centre and County Durham, with further details provided for each below.
DESCRIPTION
A description and breakdown of tenancy information is provided for each property below.
DATA ROOM
Access to the data room can be provided upon request.
DESCRIPTION & TENANCY INFORMATION
Address |
Brief Description |
Current Income (PA) |
Guide Price |
1-28 Pickering Place, Carville, Durham, DH1 1EG |
A pair of L-shaped primarily three storey purpose built apartment buildings with 27 apartments. All sold on a long leasehold basis for 125 years from January 2005. |
£2,700 |
£140,000 |
1-9 Taylor Court, Carville, Durham, DH1 1EL
|
A three storey L shaped block of nine 2 bedroom flats, alongside 7 semi-detached townhouses. The 4 owned apartments sold on long leasehold basis for 125 years from January 2005. |
£29,565 |
£615,000 |
1-14 Central Buildings, West Sunniside, Sunderland, SR1 1BA |
A four storey Grade II listed apartment building providing 13 apartments. 6 of the flats sold on a long leasehold basis for 125 years from February 2008. |
£39,220 |
£455,000 |
1-23 Hawksley House, John Street, Sunderland, SR1 1JE |
A three storey Grade II listed apartment building 22 apartments. Four apartments sold on long leasehold basis for 125 years from August 2007. |
£103,240 |
£1,150,000 |
1-6 Customs House, West Sunniside, Sunderland, SR1 1BA |
A three storey Grade II listed apartment building comprising 6 flats. 4 of the apartments sold on a long leasehold basis and 2 are let on AST’s. |
£10,800 |
£145,000 |
1-32 The Post Office, West Sunniside, Sunderland, SR1 1BH
|
Four storey Grade II listed building comprising 32 apartments. All, except 4 apartments have been sold on a long leasehold basis from January 2005 for 125 years. |
£26,400 |
£425,000 |
1-40 The Mowbray, Borough Road, Sunderland, SR1 1PS |
A five story apartment comprising 40 apartments. 27 apartments have been sold on a long leasehold basis. |
£65,580 |
£745,000 |
1a-1g, 3a-3f, 5a-5f, 9a-9f The Esplanade, Ashbrooke, Sunderland, SR2 7BQ
|
A Grade II listed terrace of 9 three storey with basement houses to provide 25 apartments. 21 of the apartments have been sold on a long leasehold basis for 125 years from January 2009. |
£34,965 |
£775,000 |
6-6a, 7-7a, 10-10a, 11-11a, 12-12a Foyle Street Sunderland, SR1 1LB |
Five terraced Grade II listed, three storey building with basement houses providing 14 apartments. |
£25,860 |
£325,000 |
19- 19c Borough Road Sunderland, SR1 1EQ
|
A two storey, end terrace building providing 4 flats. The flats are sold on a long leasehold basis for 125 years from April 2006. |
£400 |
£19,500 |
40 a, b, c & d West Sunniside, Sunderland, SR1 1JE |
Grade II listed apartment building comprising 4 apartments. Apartment 4 has been sold on a long leasehold basis for 125 years from November 2006. The other flats are let on AST’s. |
£13,824 |
£245,000 |
44-47 Ravelston Close, Beckwith Grange, Sunderland, SR3 2PL |
A two storey detached building comprising 4 apartments. All flats are sold on a long leasehold basis for 125 years from January 2006. |
£500 |
£25,000 |
55-75 Earlston Street, Carley Hill Estate, Sunderland, SR5 2QS |
A two storey L-shaped block comprising 10 flats. 4 of the flats are let on a long leasehold basis for 125 years from August 2006. |
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|
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£353,058 |
|
EPC
A copy of each EPC is available on request.
TERMS
The portfolio is available in whole with ‘offers in excess of £5,000,000 (Five Million Pounds) for the benefit of the freehold interest’. A sale at this level would equate to a gross yield of 6.62%, assuming purchasers costs at 6.59%.
Alternatively, the properties may be available in part with individual guide prices available noted below.
VAT
All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.
LEGAL COSTS
Each party is to bear their own legal costs involved in the transaction.
ANTI-MONEY LAUNDERING REGULATIONS
In accordance with the 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 Bradley Hall.
Tel: 0191 232 8080
Email: newcastle@bradleyhall.co.uk