Hot Food Takeaway in DH4
Sunderland Street, Houghton Le Spring, Tyne and Wear, DH4 4BD
Online auction
Alternatively call 0191 580 1587 or email commercial@pattinson.co.uk
- Investment Opportunity
- Annual Income £15,640 PA
- Freehold Title
- Secondary High Street Location
Hot Food Takeaway in DH4
Mixed Use Investment For Sale!!!
The subject premises is a two storey, three floor traditional brick constructed building with a NEW pitched roof.
The property consists of a hot food takeaway to the ground floor, 1x flat to the first floor and 1 x flat to the second floor.
The ground floor and first floor is currently let on a 18 year lease commencing 1st April 2013 with a passing rent now of £12,000 per annum.
We are verbally advised the the second floor flat is let on an AST at an annual rent of £3,640.
PLEASE NOTE, New rear door, security window bars, new secure fence and gate to the side have been installed along with brickwork to the rear boundary wall. Internally new communal flooring and decoration has been completed.
Summary
- Property Type: Hot Food Takeaway
- Tenure: Freehold
- Parking: On Street
Location
The subject property is well located along Sunderland Street. This property is located within easy reach of local amenities, transport links and schools. The subject property is located approximately 0.4 miles from Houghton Le Spring town centre and approximately 6.9 miles from Sunderland city centre.
Accommodation
12 Sunderland Street - Retail area and kitchen. 40m2 (431 sq ft).
12a Sunderland Street - Lounge, kitchen, bedroom and bathroom. 40m2 (431 sq ft).
12b Sunderland Street - Lounge, kitchen, bedroom and bathroom. 40m2 (431 sq ft).
Tenure
Freehold. Title number: TY224544
Lease Details
12 - 12a Sunderland Street - On 1st April 2013 an 18 year lease term was taking out at an initial rent of £10,357 PA with rent reviews every third anniversary both parties have agreed a passing rent of £12,000 PA.
12b Sunderland Street - we are verbally advised that premise is currently let on AST at a weekly rent of £70 (£3,640 PA).
EPC
We currently await a copy of the Energy Performance Certificate.
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.
Timescales
Contracts will exchange immediately. There are 28 days in which to complete the purchase.
Legal Pack
A legal pack is available to download. Special conditions may apply.
We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.
Deposit
In order to secure the purchase a buyer will pay a deposit of 5%, subject to a minimum £3000 which contributes towards the overall purchase price of the property.
The deposit is non-refundable.
Buyer Fees
This property is sold subject to a non-refundable reservation fee of 2.5%+ VAT to a minimum of £2500 + VAT (£3,000 inc VAT) This does not form part of the purchase price.
More Information
For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk
ONLINE AUCTION NOTICE
I hereby acknowledge and confirm the following:
My bid may be accepted by the seller at any time before the close of the auction. It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack.
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£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,000 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
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Please note this bidding process applies specifically to online auctions.
More Information is available:
For more information, call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk
There is no legal pack for this property.
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