5 bed property for sale

Argyle Square, Sunderland SR2

Summary

This attractive offering is being sold via Secure Sale Online Bidding, terms and conditions apply. This selling strategy ensures a fair, transparent process and allows for potential bidders to participate remotely.

Sunderland is a vibrant city with a rich heritage and a strong sense of community. With easy transport links, various amenities, and a broad range of leisure and recreational facilities, it can offer tenants a balanced lifestyle.

Welcome to this unique investment opportunity located in the heart of Sunderland. Presenting a charming, property which is currently divided into five self-contained, tenanted flats. This property is perfect for the discerning investor, with a guaranteed income of 40,200 per annum.

Internally, each flat has been transformed into a modern living space, providing comfortable accommodation for tenants. This is based on two studios, one bedroom flat and two two bedroom flats.

Don't miss this incredible opportunity. Contact Pattinson Estate Agents for more details and be one step closer to an excellent addition to your portfolio.

A viewing is highly recommended to fully comprehend the potential of this fantastic investment.

Council Tax Band: A
Tenure: Freehold

Auctioneers Additional Comments

Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.