Lot 6 - 1-1a Westbury Street, Sunderland, Tyne and Wear, SR4 6EF
- Unconditional Online Auction Sale
- Guide Price* : £135,000
Investment Opportunity For Sale
Description
LOCATION
The subject properties are located on Hylton Road, Sunderland; a thoroughfare with high footfall, benefitting from a wide variety of shops, café’s and restaurants serving the surrounding area. The property also benefits from being within walking distance to Millfield Metro station and the University of Sunderland, City Campus.
DESCRIPTION
The subject property a two storey, end of terrace building consisting of a drinking establishment on the ground floor and a three bedroom flat to the first floor. The ground floor is made up of a bar area, sports room/lounge area, kitchen, male and female WC’s and storage area. The first floor is made up of a lounge, kitchen, utility room and three bedrooms. The ground floor unit is to be sold vacant, and the flat tenanted.
ACCOMMODATION
Ground Floor Leisure – 85.6 sq. m (921 sq. ft).
Residential Accommodation – 64.9 sq. m (699 sq. ft).
RATING ASSESSMENT
The rateable value of the premises as at 1 April 2023 is £2,350 and the estimated rates payable for the current year is £1,151.5. This is based on the standard Small Business Rate of 49.9p in the pound, however, interested parties should confirm the current position with the Local Authority.
EPC RATING
1 Westbury Street – Rating C 51
1A Westbury Street – Rating E 43
VAT
All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.
ANTI-MONEY LAUNDERING REGULATIONS
In accordance with Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.
ADDITIONAL TERMS
1. This lot is for sale subject to unconditional auction terms.
2. If the reserve price is met or exceeded, contracts will exchange with immediate effect upon the close of the auction.
3. Following exchange of contracts, parties have 28 days in which to complete the purchase (unless specified otherwise in the special conditions).
4. A non-refundable deposit of 5% is payable within 1 hour of the auction closing.
5. The winning bidder is to make payment to the auctioneer a reservation fee of 6% including VAT subject to a minimum of £6,000 including VAT. The reservation fee is payable in addition to the purchase price and is payable within 1 hour of the auction closing.
6. A legal pack has been provided by the seller’s solicitor and is available to download. We strongly recommend reviewing this thoroughly and discussing any queries with your solicitor prior to bidding.
7. I acknowledge that the seller may accept my bid at any time prior to the scheduled auction end date.
Council Tax Band
A
* 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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