Lot 12 - 12 Elmwood Street, Sunderland, Tyne and Wear, SR2 7JJ

  • Unconditional Online Auction Sale
  • Guide Price* : 139,950

*********FOR SALE VIA THE MODERN METHOD OF AUCTION**********

Description

A substantial investment property favourably located on the fringe of the City Centre and Thornhill Conservation area and being within 1000m of University Campus university Metro Station. This three storey Victorian terrace house has been converted into two self contained apartments providing 6 bedrooms in total.

There is a two bedroom self contained apartment and a 4 bedroom 1st & 2nd floor maisonette. Benefits include, full planning permission, Upvc double glazing, fire alarm system and central heating.

As you would expect from a popular investment property the flats would benefit from a scheme of redecoration and the upgrade of the 2 bathrooms and 2 kitchens.

WE HAVE BEEN ADVISED BY THE VENDOR THAT THE PROPERTY CAN BE OFFERED WITH VACANT POSSESSION OR OCCUPIED as is subject to a 5 year agreement (management contract) currently producing circa £12,500 pa.

* 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.

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Agreement Documents

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