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Investment

Sunderland £79,950 Freehold REF: NE1540

Location:

Located adjacent to the A1231, which is one of the main roads leading into the City Centre from the A19 and A1, this property is located in a predominantly residential area but with some commercial occupiers.

Opposite the parade there is a large retail park which is occupied by B & Q and Currys PC World.

There are extremely high levels of traffic flow along this route and there is free pull in parking to the front of the property.

Property:

Comprising a two storey mid-terraced property of traditional brick built construction with a slate roof over.  The ground floor lock up retail unit offers a retail space, workshop and large garage to the rear plus a first floor store.  The 2 bed flat has separate street access and has the benefit of double glazing and central heating. 

Tenure:

The ground floor unit is occupied by a longstanding tenant of circa 15 years paying £300 per month.  There is no formal lease in place.

The flat is currently vacant and requires a little cosmetic attention prior to being available to let.  The estimated rental income for the flat would be in the region of £400 per month.

Price:

The investment is available on a freehold basis with the occupational leases in place at an asking price of £79,950

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