1 bed studio to buy in SR5

Dunn House, 50-56 North Bridge Street, Sunderland, Tyne and Wear, SR5 1AH

Current Bid
£23,250
Starting Bid £5,000
43 Bids
Sold

Online auction

Alternatively call 0191 5143929 or email sunderland@pattinson.co.uk

  • One Bedroom Studio
  • Close To St Peters Campus
  • Gas Central Heating
  • Close Proximity To City Centre
  • Sold As Seen

1 bed studio to buy in SR5

For sale by Online Auction 27/06/2022 12:00. Fees Apply.

INVESTMENT OPPORTUNITY - POTENTIAL RENTAL INCOME OF £350-£400 PCM.

DUNN HOUSE is a student's only accommodation, situated within walking distance of Sunderland City Centre and located opposite the Tesco Supermarket and McDonalds on Roker Avenue. Ideally situated within a short walking distance to Sunderland City Centre, both University Campuses, The Coast and direct access to the Metro Line making it the ideal base for any student in the area. Each individual room comes fully prepared with a single bed, wardrobe units, book shelf and desk with chair. All rooms are finished to a good, neutral standard, which are an ideal self-contained living space. Each room also has a sink with draining board, 2 hobs, a fridge and a small microwave. Within the building itself there is a free gym, recreational room with pool table and onsite laundry facilities (payable by use). Daily communal cleaners also maintain the building, included in the service charges.

Including in the rent are all utility costs including electricity, gas, water and WIFI internet charges. There is WIFI internet accessible throughout the building (password protected). (Please Note: TV License costs are additional if a tenants chooses to have a T.V)

This property is currently tenanted at £260 PCM until mid July 2022. Guide price of £350-£400 PCM would be achievable once current tenant has vacated.


KEY FEATURES INCLUDE:-

- En-Suite Bedrooms
- Single Beds
- Wi-fi throughout
- Dedicated Shared Kitchens
- White Goods and Cooking Facilities
- On site CCTV
- Secure intercom System
- Communal Cleaner on Site nearly everyday.
- Gas, Electric and Water Bills Included.
- Communal Laundry Room
- Communal Gym
- Pool Table







Council Tax Band: A
Tenure: Leasehold
Length Of Lease: 241
Annual Service Charge Amount: £1,519.00

Summary

  • Property Type: Studio
  • Bedrooms: 1
  • Receptions: 0
  • Tenure: Leasehold
  • Central Heating: Electric
  • Parking: None
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External

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Student Room

5.80m x 2.50m (19'0" x 8'2")

Double glazed window to front of building, radiator, sleeping area with storage and carpeted flooring. For convenience the student room has an integrated electric hob, combi microwave and grill and fridge freezer. The room is also en suite.

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Student Room Reverse Photo

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En-Suite

Low level WC, wash hand basin, shower cubicle and vinyl flooring.

EPC for 1 bed studio to buy in SR5

This property is being sold subject to unconditional reservation fee auction terms and conditions.

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% 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 5% + VAT to a minimum of £5,000 + VAT (£6,000 inc VAT) This does not form part of the purchase price. A reservation fee is payable by the buyer where a seller has opted to sell with no fees.

As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable. More Information For more information call our auction experts on 0191 206 9335 or email auction@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. If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.  

At the point of registration, you will be required to insert credit or debit card details as a way of payment towards the deposit and or reservation fee. We will only hold a nominal amount (which will be stated at the point of bidding) to enable you to bid. This amount will only be debited from your account should you be the successful bidder, in the event you are unsuccessful the agreed amount will be released back to your card within three business days.  If you are the successful bidder we will debit the agreed amount from your account immediately at the close of the auction, we will then contact you to confirm the outstanding balance (if applicable) at which point you can opt to use the same card.  Any amount payable at the close of the auction must be paid within 1 hour.   

Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second. 

Each auction will automatically stay open until there has not been a bid for 10 minutes. After 10 minutes without a bid, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last minute (or second) bidding and makes for a fairer auction as in a live room auction situation. 

Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity. It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice. 

Minimum online bidding increments: 
£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 £750,001 - £2,500 minimum bid 
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid

Please note this bidding process applies specifically to online auctions. 

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