Lot 10 - 19-19a North Ravensworth Street, Millfield, Sunderland, Tyne and Wear, SR4 6BD
- Unconditional Online Auction Sale
- Guide Price* : £135,000
- Bedrooms: 4
- Bathrooms: 1
- Reception Rooms: 1
Ground Floor Drinking Establishment with 4 Bed Maisonette Above
Description
Ground Floor Drinking Establishment
4 Bed Maisonette Above
Established Residential Area
Potential rental income of £26,000pa
Freehold Title
We are pleased to offer for sale by auction this ground floor pub with a 4 bed maisonette above. The subject property is located along North Ravensworth Street, Sunderland. The property is well located within an established residential area with easy access to local amenities and transport links.
LOCATION
The subject property is located along North Ravensworth Street, Sunderland. The property is well located within an established residential area with easy access to local amenities and transport links. The closest bus stop is a short walk away as well as Millfield Metro Station being a 10 minutes walk. The subject property is 14 miles south east of Newcastle upon Tyne and 30 miles north of Middlesbrough.
TENURE
Freehold. Title number DU26625.
LEASE INFORMATION
The property is currently tenanted at £10,400 for the commercial unit, and £1,300pcm for the maisonette, totalling an annual income of £26,000. The tenants are due to vacate the property, which is to be sold with vacant possession.
ACCOMODATION
GROUND FLOOR:
129sqm (1388.54sqft)
MAISONETTE:
Lounge
Kitchen
Bedroom 1
Bedroom 2
Bedroom 3
Bedroom 4
Bathroom
RATEABLE VALUE
The adopted rateable value is £900 as of 1st April 2023.
Sourced from VOA.
COUNCIL TAX
Band A.
EPC
Available upon request (rating C and E).
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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