£225,000

Parking/garage for sale

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Offers in region of

£225,000

(£0.01/sq. ft)

Parking/garage for sale

Belle Vue Road, Sunderland SR2

10,890 sq. ft

Local area information

Property location

Nearby amenities

  • St Aidan's Catholic Academy 0.1 miles
  • Thornhill Academy 0.2 miles
  • Sunderland 0.8 miles
  • Seaham 4.4 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Read our area guide for Sunderland to find out more about the local area.

Features and description

  • Rarely available freehold investment
  • Located in affluent residential suburb
  • Site totalling circa 0.25 acres
  • Current annual income £11,880
  • Very low rents with good scope to increase
  • Potential to increase income to £20-25k pa
Location
Located within the residential suburb of Ashbrooke/Tunstall just off Tunstall Rd bordered by Tunstall Rd, Belle Vue Rd and Tunstall Park. The site is accessed from a lane leading off Tunstall Road via Bellevue Crescent.

Description
Comprising a triangular parcel of land totalling approx. 0.25 acres with a central yard accessed via secure gates. To the western boundary there are 14 single storey lock-up with offices and workshops to the northern boundary. The eastern boundary comprises a terrace of workshops and all buildings are single storey in height.

Accommodation
ft2 m2
Unit 1 Office/Workshop 416 38.65

Units 2 & 3 Workshops 1066 99.03

Unit 4 Workshop/store 460 42.73

Unit 5 & 6 Workshops 479 44.50

14 single Lock up Garages Not measured

Tenure
We are advised the property is Freehold and the tenants have been in occupation for a number of years without leases or tenancy agreements.

Unit No Tenant Rent pcm Rent
Per Annum
1 Vacant N/A N/A
2 & 3 Mr Cubby £540 £6,480
4 Mr Craig £30 £360
5 & 6 Mr Miller £340 £4,080
Lock Up Garages
1 - 6 Vacant N/A N/A

7 Mr Hepton £50 £600
8-13 Vacant N/A N/A
14 Mr Hardy £30 £360
current total income £990 £11,880

Summary
The rents are historic and have not been increased for many years and we therefore feel that with some investment the property could produce an annual income in the region of £20,000 to £25,000 per annum.

Asking Price
Offers in the region of £225,000 (two hundred and twenty-five thousand pounds).
VAT

We are advised the property is not subject to VAT.

Costs
Each party will be responsible for their own Legal Fees incurred in the transaction.

Viewin
Contact – Mario Jaconelli or Alexa Reavley


• Rateable Value (rv)
Rateable Value not listed.
Money Laundering Regulations
In accordance with Anti –Money Laundering Regulations, the Purchaser/Tenant will be required to provide 2 forms of identification together with confirmation of the source of funding.

Disclaimer
None of the equipment or systems within the premises have been tested by the Agent and it is the responsibility of the Purchaser/Lessee to ensure that they are in working order.

Ref EPC
C4284 Awaiting information.

More information

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  1. Zoopla
  2. Commercial for sale
  3. Tyne & Wear
  4. Sunderland
  5. Belle Vue Road

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