Residential Portfolio in SR1

Saville Place, Sunderland, Sunderland, Tyne and Wear, SR1 1PA

£230,000

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

  • Ground Floor Office Space
  • City Centre Location
  • Annual Rental Income of £24,200
  • NIA 90.8 m2 (978 sq ft)
  • NIY 9.43% based on asking price

Residential Portfolio in SR1

The subject premises is a three floor, mid terrace, comrising of an office and flat to the ground floor, a flat to the first floor and a flat to the second floor. The whole property is currently let with an annual rent of £24,200 this reflects a NIY of 9.43% based on asking price.

Summary

  • Property Type: Residential Portfolio
  • Parking: Allocated

Location

The subject premises is located on Saville Place, Sunderland city centre. The area benefits from a good level of services and facilities together with high levels of footfall and passing trade.

Accommodation

The subject premises is a ground floor office with access via street level an WC facilities. NIA 7.7m2 (82.8 sq ft).

Tenure

Freehold. Title number: TY439031

Lease Details

Ground Floor:
Term: 3 years
Date: tenancy started: 1st April 2022
Rent: £3,500 per annum

Flat 1, 3 Saville Place
Date tenancy started: 24th May 2022
Rent: £450 per month (£5,400 PA).

Flat 2, 3 Savile Place:
Date tenancy started: 15th October 2021
Rent: £625 per month (£7,500 PA).

Flat 3, 3 Saville Place:
Date tenancy started: 15th June 2022
Rent: £650 per month (£7,800 PA).



Rateable Value

The adopted rateable value is £4,300 as of 1st April 2017.

Sourced from VOA.

EPC

Available upon request (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.