18 Foyle Street, Sunderland, Tyne and Wear, SR1 1LE

  • Unconditional Online Auction Sale

Substantial four storey investment property favourably located on Foyle Street in Sunderland City Centre.

Description

BUYERS PREMIUM OF £5000 +VAT

This substantial four storey investment property is favourably located on Foyle Street in Sunderland City Centre. Strategically located within 'the student village' of West Sunniside which is rapidly improving as an inner city regeneration area.

Having been been converted into five self contained apartments, this investment currently produces a gross annual income of £26,547 per annum.

As you would expect from an investment property the flats would benefit from a scheme of redecoration and upgrading which would provide scope for adding value.

The property is to be sold via the modern method auction where a buyers premium is applicable and the starting bid is to be set at £250,000

For further information contact Emma, Head of Commercial Sales and Investment on 0191 514 5777 or email emma@paulairey.co.uk.

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. 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.

Minimum Opening Bid

£250,000

(Reserve Not Met)
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