Lot 8M - 8 Manston Close, Moorside, Sunderland, Tyne and Wear, SR3 2RR

  • Conditional Online Sale

Addendum

Buyers Premium £5,000+VAT

High yielding investment property

Description

FOR SALE BY MODERN METHOD OF AUCTION STARTING PRICE £40.000+buyers premium.

This spacious 2 bedroom ground floor flat which would be an ideal opportunity for investment. previously let at £450pcm with a gross rental yield of circa 12%.
It should be noted that this property has a remaining term on the lease of 50 years. Following purchase it is highly advisable to renegotiate a lease extension. We can provide further advice on this if necessary.
Located on the popular Moorside development being within close proximity of an excellent range of local amenities to include: Morrison's Supermarket, Aldi Super Store, Doxford International Business Park, local shops, highly rated schools and the A19/A690 regional road network.

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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Sold subject to contract for £38,000

This buy-it-now lot is now closed.

Auction Ended

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