Auction
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37-39 Norfolk Street, Sunderland, SR1 1EE

  • Auction
  • Lot 23
  • United Kingdom
  • Investment
  • Residential

Sold for £290,000

Property Summary

  • By Order of the Joint Fixed Charge Receivers
  • Freehold residential block of 3 linked-houses
  • 7 flats - all let on AST's
  • Asset management opportunities
  • Suit investors
  • Currently producing £41,700 per annum
  • BLOCK VIEWING 10am 13th November - Paul Lidell will be in attendance

 

Contact Us

Mat Harris
Mat Harris
Property Agent, here to help.
Oliver Childs
Oliver Childs
Property Agent, here to help.
Yasin Ahmed
Vendor's Solicitor

Contact Us

Mat Harris
Mat Harris
Property Agent, here to help.
Oliver Childs
Oliver Childs
Property Agent, here to help.
Yasin Ahmed
Vendor's Solicitor

Downloads

Property description

A terrace of linked three mid-terraced houses that have been converted into 7 self-contained flats. There is a rear yard and off-street parking. The property totals about 502 sq m (5,404 sq ft) - obtained from EPCs.

Location

Sunderland is a port  city in Tyne and Wear, at the mouth of the River Wear on the North Sea, approximately 10 miles south-east of Newcastle upon Tyne and 12 miles north-east of Durham. Sunniside is a district towards the eastern side of the city centre, bounded to the west by Fawcett Street, to the south by Borough Road, and to the north and east by the Inner Ring road. A significant programme of urban development has established Sunniside as a centre of culture, film, dining, entertainment and art in the city. It is also known as the historic heart of Sunderland's legal and real estate sectors, with many solicitors and estate agencies based in the area.

The property is located on the west side of Norfolk Street, north of Borough Road in a mixed use area.

Planning

Sunderland City Council (0191 520 5551) www.sunderland.gov.uk

Tenure

Freehold

Additional Details

FLATSIZETENANTRENT PCM
37A Top floor maisonette - 94 sq m (1,012 sq ft)Individual on an AST and deposit £550£500
37Ground floor flat - 51 sq m (549 sq ft)Individual on an AST and deposit £500£495
38ATop floor maisonette - 94 sq m (1,012 sq ft)Individual on an AST and deposit £495£495
38Ground floor flat - 56 sq m (603 sq ft)Individual on an AST and deposit £500£490
39AGround floor maisonette - 43 sq m (463 sq ft)Individual on an AST and deposit £500£500
39Ground floor flat - 66 sq m (710 sq ft)Individual on an AST and deposit £500£500
39BTop floor maisonette - 98 sq m (1,055 sq ft)Individual on an AST and deposit £495£495
TOTAL                                    502 sq m (5,404 sq ft) £3,475 PCM

All rental information has been provided by the vendor. Measurement obtained forom EPC - https://find-energy-certificate.service.gov.uk/find-a-certificate/type-of-property

VAT

Please refer to Legal Documents

Energy Performance Indicator

Each flat has been independently assessed - please refer to the legal pack or visit www.gov.uk/find-energy-certificate

Helpful links

*Terms & Conditions

Buyers are strongly advised to read these terms and conditions, and check the Special Conditions and any applicable Addendum, prior to bidding on a Lot. Additional costs, charges and encumbrances may apply for Buyers once they have made a successful bid in relation to a property.

  1. The reserve price is the minimum price at which the property can be sold at auction.
  2. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller may be prepared to sell on the date on which the guide price, or range of prices, is published. The sale price, whether prior to or at the auction, can be above or below the guide price depending upon market activity. BidX1 and the seller accept no responsibility for any losses, costs or damages incurred by a buyer as a result of relying on any guide price. The buyer must decide how much they should bid for any Lot. All guide prices are quoted subject to contract. Guide prices given by BidX1 or the seller cannot be accepted by the buyer as being a professional valuation for any purpose in accordance with the requirements or guidance notes of relevant professional bodies or other authorities.
  3. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any Lot may exceed the previously quoted guide price (as the seller may fix the final reserve price just before bidding commences).
  4. The guide price for the Lot does not include the administration fee of £1,295 (inclusive of VAT) for all properties up to £49,999, and £2,400 (inclusive of VAT) for all properties £50,000 and above charged by BidX1. In the case of a joint agent this administration fee will be £2,400 (inclusive of VAT). In addition, the guide price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.
  5. To participate in the sale BidX1 must hold a minimum amount from all bidders. This participation amount and administration fee is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £4,795 comprises £3,500 relating to your bidder security (partial deposit payment) and an administration fee payable directly to BidX1. A higher participation amount may be payable depending on the reserve price of the Lot.
  6. Please note that Lots may be sold or withdrawn prior to auction.
  7. All Lots sold “Subject to Vendor Confirmation” will be subject to acceptance and confirmation by the Vendor. The highest bid will be presented to the Vendor, the Vendor will have to either accept, decline or make a counteroffer, within the confirmation period. Should the Vendor decide to make a counteroffer, then a private link will be sent to the Highest Bidder advising of the offer the Vendor is willing to accept. The Highest Bidder will be obliged to accept or reject the Vendor's counteroffer. The Vendor reserves the ultimate right, apart from the auctioneer, to accept and to decline to sell to the highest or any bidder, without giving any reasons.
  8. No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the seller in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the seller. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the seller. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller.
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