- INVESTMENT SALE +
- 4 OUT OF 5 FLATS LET +
- 1 FLAT BEING REFURBISHED READY TO LET +
- 5NO SELF CONTAINED FLATS +
- VIEWING ADVISED +
- CURRENTLY PRODUCING £2450 PER MONTH - £29,400 PER ANNUM +
- POTENTAIL RENTAL OF £3200 PER MONTH, £38,400 PER ANNUM +
- EPC Ratings: Flat 1: D Flat 2: D Flat 3: D Flat 5: C +
INVESTMENT / MULTI LET INVESTMENT An exciting opportunity to purchase a an end terraced property comprising of 5 no self contained flats offering a unique investment opportunity. The building is part let with 4 flats let but 1 flat is currently being refurbished which will be completed as soon as possible. The property is arranged over 3 floors providing 5no self contained flats. Currently producing £2450 PER MONTH / £29,400 PER ANNUM but when fully let a potential of £3200 PER MONTH / £38,400 PER ANNUM. Externally there is a front forecourt and a rear yard. Azalea Terrace North is situated on the fringe of the city centre and offers excellent access to transport links, shops and amenities with Sunderland City Centre only a short walk / car journey. Viewing of this exciting project and investment property is highly recommended to appreciate the location and potential on offer.
Tenancy Details - It has been advised that the following rents are payable for the property.
FLAT 1: £575 per month
FLAT 2: £600 per month
FLAT 3: £600 per month
FLAT 4: BEING REFURBISHED BUT WOULD LET AT £750 PER MONTH
FLAT 5: £675 per month
Full details in relation to the tenancy details are available upon request, the rents were advised by the landlord and correct at the time of listing. Prospective purchasers should make their own investigations in this regard as the rent can sometimes change.
Entrance Hall - Leading to flat 1
Flat 1 -
Living Room/Bedroom/Kitchen - 5.49 max x 5.70 max (18'0" max x 18'8" max) - Open plan kitchen/bedroom with wall mounted gas central heating boiler, radiator, the kitchen point has a range of floor and wall units, stainless steel sink and mixer tap, electric oven, gas hob with extractor over.
Shower Room - White suite comprising of a low level WC, pedestal basin, shower cubicle.
Flat 2 -
Kitchen/Living Room/Bedroom - 4.91 max x 4.44 max (16'1" max x 14'6" max) - Studio with kitchen point having a range of floor and wall units, tiled splashback, electric oven, electric hob, cupboard with wall mounted gas central heating boiler, radiator
Shower Room - White suite comprising of a low level WC, pedestal basin, shower cubicle, extractor, chrome towel radiator.
Flat 3 - TBC
Living Room/ Bedroom - 3.96 4.48 (12'11" 14'8") - Double radiator
Kitchen - 2.32 x 2.46 (7'7" x 8'0") - Range of floor and wall units, tiled splashback, electric oven, electric hob, stainless steel sink and drainer, double glazed window.
Shower Room - Low level WC, pedestal basin, corner shower cubicle, radiator, double glazed window.
Flat 4 - CURRENTLY BEING REFURBISHED BY THE VENDOR
Inner Hall - Leading to the bedroom
Bedroom - 4.45 max x 3.35 max (14'7" max x 10'11" max) - Side facing, radiator.
Bathroom - White suite comprising of a low level WC, pedestal basin, bath, radiator.
Kitchen - TBC
Bedroom - 3.71 x 2.30 (12'2" x 7'6") - Front facing, radiator.
Living Room - 3.30 x 4.80 (10'9" x 15'8") - Radiator, window to the front and side elevation.
Flat 5 -
Bathroom - Suite comprising of a low level WC, pedestal basin with tiled splashback, tiled splashback, bath with shower over, radiator.
Landing - Cupboard with wall mounted gas central heating boiler.
Living Room/Kitchen - 6.51 max x 4.25 max (21'4" max x 13'11" max) - T fall roof in part, double glazed window, 2 velux style window, radiator, the kitchen has a range of floor and wall units, stainless steel sink and drainer with mixer tap, electric oven, electric hob.
Bedroom - 2.79 x 4.39 (9'1" x 14'4") - T fall roof in part, velux style window, double radiator.
Externally - Externally there is a front forecourt and rear garden.
Council Tax - The Council Tax Band is Band:
Flat 1: A
Flat 2: A
Flat 3: A
Flat 4: A
Flat 5 : A
Tenure - We are advised by the Vendors that the property is Freehold. Any prospective purchaser should clarify this with their Solicitor
Epc - EPC Rating:
Flat 1: D
Flat 2: D
Flat 3: D
Flat4: TBC
Flat 5: C