North Ravensworth Street, Milfield

FOR SALE BY ONLINE AUCTION: Terms and conditions apply.

We are pleased to offer for sale by auction this ground floor pub with a 4 bed maisonette above. The subject property is located along North Ravensworth Street, Sunderland. The property is well located within an established residential area with easy access to local amenities and transport links. We are advised the property is a fully tenanted investment. The property is fully tenanted and achieving an annual income of approx. £24,440.

LOCATION

The subject property is located along North Ravensworth Street, Sunderland. The property is well located within an established residential area with easy access to local amenities and transport links. The closest bus stop is a short walk away as well as Millfield Metro Station being a 10 minutes walk. The subject property is 14 miles south east of Newcastle upon Tyne and 30 miles north of Middlesbrough.

LEASE DETAILS

The ground floor is currently let on a 5 year lease commencing August 2020 at £200 per week. The maisonette is currently tenanted on a rolling basis at £1,170 per calendar month. Achieving an annual income of approx. £24,440.

TENURE

Freehold. Title number DU26625.

ACCOMODATION

GROUND FLOOR:
129sqm (1388.54sqft)

MAISONETTE:
Lounge
Kitchen
Bedroom 1
Bedroom 2
Bedroom 3
Bedroom 4
Bathroom

RATEABLE VALUE

The adopted rateable value is £3,000 as of 1st April 2017.
Sourced from VOA.

EPC

Available upon request (rating C and E).