Residential Portfolio in SR5

North Bridge Street, Sunderland, Tyne and Wear, SR5 1AH

Starting Bid
£30,000

Sold

Alternatively call 0191 580 1587 or email commercial@pattinson.co.uk

  • 3 Studio Flats
  • Popular Student Accommodation
  • 2x Single Studio Flats and 1x Double Studio Flat
  • For Sale By 'Secure Sale' Terms & Conditions apply
  • Great investment opportunity
  • Rent Reserved: 221 - £2,267.05, 202 - £1,674.71, 201 - £1,674.71

Residential Portfolio in SR5

FOR SALE BY AUCTION: Terms and conditions apply.

We are pleased to offer to auction this portfolio of three studio flats, located within Dunn House, a popular student accommodation located along North Bridge Street, Monkwearmouth, Sunderland. The portfolio comprises 2x single studio flats and 1x double studio flat.

Summary

  • Property Type: Residential Portfolio
  • Tenure: Leasehold
  • Parking: On Street

Location

The subject flats are located within Dunn House, a prominent building located along North Bridge Street, Monkwearmouth, a well established area in Sunderland. Specifically, it is situated opposite Tesco Supermarket and McDonalds on Roker Avenue. Dunn House is within easy walking distance to Sunderland city centre and the University City Campus at St Peters.

Accommodation

Accommodation comprises 3x studio flats, 2x single studios and 1x double studio. The flats include a single/double bed, accessible en-suite shower room, kitchen, microwave, study desk with chair, and storage. The building has lift access to all floors, and has communal kitchens as well as kitchenettes in the flats.

Lease Details

Service charge – Is currently charged quarterly at 783.50.

Ground Rent – unit 201 £150/annum, unit 202 £150/annum, unit 221 (double) £180/annum.

Management fees - 8.5%.

Lettings info:

DH201 – Tenancy in place 9th September 23 – 12th July 24,
Weekly rate £112.50.

DH202 – Tenancy in place 9th September – 12th July 24,
Weekly rate £125.00.

DH221 – Tenancy in place 9th September 23 – 9th August 24,
Weekly rate £145.00.

Note: Part of the roof needs repairing. The Management company (Cloud) is in process to find a contractor for the work. The costs will be paid by the Leaseholders equally.

Rent reserved:
221 - £2,267.05,
202 - £1,674.71,
201 - £1,674.71.

Tenure

All are held on long leasehold titles of 250 years from 29th August 2012. Title numbers TY505543, TY505548 and TY505546.

Council Tax

All flats are of council tax band A included in the Service Charges.

EPC

All available upon request (all rating C).

Additional Information

For further information please contact our office direct on 0191 737 1154, or alternatively via e-mail on commercial@pattinson.co.uk. 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.

EPC for Residential Portfolio in SR5