Sunderland Street, Houghton Le Spring, Tyne and Wear, DH4 4BD

Property Details: • Type: 1,292 sq ft • Tenure: N/A • Floor Area: N/A

Key Features: • Investment Opportunity • Annual Income £15,640 PA • Freehold Title • Secondary High Street Location

Location: • Nearest Station: South Hylton Metro Station • Distance to Station: 4.4 miles

Agent Information: • Address: Kingfisher Way Silverlink, Wallsend, NE28 9NY

Full Description: Mixed Use Investment For Sale!!!

The subject premises is a two storey, three floor traditional brick constructed building with a NEW pitched roof.

The property consists of a hot food takeaway to the ground floor, 1x flat to the first floor and 1 x flat to the second floor.

The ground floor and first floor is currently let on a 18 year lease commencing 1st April 2013 with a passing rent now of £12,000 per annum.

We are verbally advised the the second floor flat is let on an AST at an annual rent of £3,640.

PLEASE NOTE, New rear door, security window bars, new secure fence and gate to the side have been installed along with brickwork to the rear boundary wall. Internally new communal flooring and decoration has been completed.LocationThe subject property is well located along Sunderland Street. This property is located within easy reach of local amenities, transport links and schools. The subject property is located approximately 0.4 miles from Houghton Le Spring town centre and approximately 6.9 miles from Sunderland city centre.Accommodation12 Sunderland Street - Retail area and kitchen. 40m2 (431 sq ft). 12a Sunderland Street - Lounge, kitchen, bedroom and bathroom. 40m2 (431 sq ft). 12b Sunderland Street - Lounge, kitchen, bedroom and bathroom. 40m2 (431 sq ft).TenureFreehold. Title number: TY224544Lease Details12 - 12a Sunderland Street - On 1st April 2013 an 18 year lease term was taking out at an initial rent of £10,357 PA with rent reviews every third anniversary both parties have agreed a passing rent of £12,000 PA.

12b Sunderland Street - we are verbally advised that premise is currently let on AST at a weekly rent of £70 (£3,640 PA).EPCWe currently await a copy of the Energy Performance Certificate.Additional InformationFor further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.Auctioneers Additional CommentsPattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.Auctioneers Additional CommentsYour details may be shared with additional service providers via the marketing agent and/or The Auctioneer.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.Auctioneers Additional CommentsIn order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.Energy Performance CertificatesEPC