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Retail premises for sale

£45,000 (£140.62/sq. ft) Guide price

Hylton Road, Sunderland SR4

320 sq. ft*
Interested in this property? Call +44 191 686 1492 * or

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Tenanted Investment
  • Ground Floor Retail
  • Prominent Position
  • Popular Area
  • Commercial & Residential Location
  • Rental Income of 4,680 pa

Property description

Summary

To be sold via online auction..End date 6th October 2017 at 2pm. Property sold under unconditional auction terms and conditions. Reservation fee applies

The subject property is a single story, brick built building located on Hylton Road, Sunderland.
Currently tenanted on a three year term, this would be ideal investment for any person looking to expand their portfolio.

Location

The subject property is located in a prominent position on Hylton Road, Sunderland, next door to the very popular Borneo Bistro. This area is made up of a number of different properties including residential and commercial premises and businesses, providing a high level of services and facilities within the local area. The property is located approximately only one mile west of Sunderland city centre and has a high level of access to the rest of the region with excellent transport links.

Accommodation

The subject premise is a ground floor retail unit currently trading as 'SR4 Barbering' and will be sold as a tenanted investment.

Tenure

Freehold. Title number TY172009.

Lease Details

The property is currently let at 90 per week (4,680PA).

Rateable Value

The adopted rateable value is 4,400 as of 1st April 2017.
Sourced from voa.

EPC

Available upon request.

VAT

We currently await confirmation if VAT is applicable on this transaction.

Auction Information

The subject property is sold under unconditional auction terms with a reservation fee; this means that a successful bidder is required to exchange contracts immediately on the fall of the hammer, and complete the sale within 28 days of exchanged contracts. Signing the contract means that buyer and seller are legally bound to complete the sale. A 5% deposit (subject to a minimum of 5,000) must be paid upon signing the contract. This deposit is non-refundable. If you have any queries about our auction terms, please contact us.

Additional Information

For 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.

Property info

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Very good - 76% (193 ratings)

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Nearby transport

  • Sunderland (0.8 miles)
  • Seaham (5.4 miles)
  • Heworth (6.8 miles)
  • Newcastle Airport (14.7 miles)
  • Durham Tees Valley Airport (27.5 miles)
  • Leeds Bradford International Airport (72.7 miles)
  • Newcastle International Ferry Terminal (6.2 miles)
  • South Shields Ferry Terminal (6.5 miles)
  • North Shields Ferry Terminal (6.9 miles)

Nearby schools

View all schools in Sunderland
  • St Joseph's Roman Catholic Voluntary Aided Primary School, Sunderland (0.2 miles)
  • Diamond Hall Junior School (0.2 miles)
  • Diamond Hall Infant Academy (0.3 miles)
  • Beacon of Light School (0.9 miles)
  • City of Sunderland College (1.0 mile)
  • Education and Services for People with Autism (1.0 mile)
  • St Anthony's Girls' Catholic Academy (0.6 miles)
  • Argyle House School (0.8 miles)
  • Thornhill Park School (0.8 miles)
Note: Distances are straight line measurements

Local info for Sunderland

About the neighbours in SR4

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* Sizes listed are approximations. Please contact the agent to verify actual sizes.

For more information about this property, please contact
Pattinson - Commercial, NE1 on +44 191 686 1492 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Pattinson - Commercial, and do not constitute property particulars. Please contact Pattinson - Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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