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Southwick Road, Sunderland SR5 2 bed flat for sale
279-281 Southwick Road, Sunderland, Tyne and Wear, SR5 2AB
£130,000
279-281 Southwick Road, Sunderland, Tyne and Wear, SR5 2AB
£130,000
Our Summary
- Guide Price £130,000 Plus FeesFor sale by unconditional online auction, registration is now open
- For Sale by Online Auction on 25 June 2025Ground Floor A5 Hot Food Takeaway First Floor Two Bedroom Flat Fully Tenanted for £17,700 Per AnnumInvestment OpportunityFreehold Title Popular Established LocationFantastic commercial and uppers for sale via auction treaty, well located along the popular Southwick Road, Sunderland
- The shop is let at £800pcm and the flat is let at £675pcm, producing £17,700 per annum, making a great investment opportunity
- TenureFreehold TermsLegal PackTo review the legal documents and to view the auction information click on the buttons at the bottom of this advert or visit our website tcpa
- The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated in the legal pack or on the sales details)
- You will then be directed to create an auction passport account with our online-bidding platform provider Essential Information Group
- Investment Opportunity
Description
This property is a unique investment opportunity, comprising a ground-floor A5 hot food takeaway and a first-floor two-bedroom flat, both fully tenanted. The takeaway is let at £800 per month, while the flat is let at £675 per month, generating a total annual income of £17,700. The property is freehold and located on Southwick Road in Sunderland, a popular and established location. The sale is being conducted by online auction, with registration open now and bidding opening on August 28th. The successful buyer will be required to pay a 10% deposit and a buyer's administration fee of £1,200 plus VAT, with contracts exchanged and a completion deadline of 28 days following the auction.