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MapGuide price
£150,000Leisure facility for sale
North Ravensworth Street, Milfield, Sunderland, Tyne & Wear, SR4
Auction
Leisure facility
Features and description
FOR SALE BY ONLINE AUCTION: Terms and conditions apply.
We are pleased to offer for sale by auction this ground floor pub with a 4 bed maisonette above. The subject property is located along North Ravensworth Street, Sunderland. The property is well located within an established residential area with easy access to local amenities and transport links. We are advised the property is a fully tenanted investment. The property is fully tenanted and achieving an annual income of approx. £24,440.
LOCATION
The subject property is located along North Ravensworth Street, Sunderland. The property is well located within an established residential area with easy access to local amenities and transport links. The closest bus stop is a short walk away as well as Millfield Metro Station being a 10 minutes walk. The subject property is 14 miles south east of Newcastle upon Tyne and 30 miles north of Middlesbrough.
LEASE DETAILS
The ground floor is currently let on a 5 year lease commencing August 2020 at £200 per week. The maisonette is currently tenanted on a rolling basis at £1,170 per calendar month. Achieving an annual income of approx. £24,440.
TENURE
Freehold. Title number DU26625.
ACCOMODATION
GROUND FLOOR:
129sqm (1388.54sqft)
MAISONETTE:
Lounge
Kitchen
Bedroom 1
Bedroom 2
Bedroom 3
Bedroom 4
Bathroom
RATEABLE VALUE
The adopted rateable value is £3,000 as of 1st April 2017.
Sourced from VOA.
EPC
Available upon request (rating C and E).
We are pleased to offer for sale by auction this ground floor pub with a 4 bed maisonette above. The subject property is located along North Ravensworth Street, Sunderland. The property is well located within an established residential area with easy access to local amenities and transport links. We are advised the property is a fully tenanted investment. The property is fully tenanted and achieving an annual income of approx. £24,440.
LOCATION
The subject property is located along North Ravensworth Street, Sunderland. The property is well located within an established residential area with easy access to local amenities and transport links. The closest bus stop is a short walk away as well as Millfield Metro Station being a 10 minutes walk. The subject property is 14 miles south east of Newcastle upon Tyne and 30 miles north of Middlesbrough.
LEASE DETAILS
The ground floor is currently let on a 5 year lease commencing August 2020 at £200 per week. The maisonette is currently tenanted on a rolling basis at £1,170 per calendar month. Achieving an annual income of approx. £24,440.
TENURE
Freehold. Title number DU26625.
ACCOMODATION
GROUND FLOOR:
129sqm (1388.54sqft)
MAISONETTE:
Lounge
Kitchen
Bedroom 1
Bedroom 2
Bedroom 3
Bedroom 4
Bathroom
RATEABLE VALUE
The adopted rateable value is £3,000 as of 1st April 2017.
Sourced from VOA.
EPC
Available upon request (rating C and E).
About this agent
We are a multi-disciplinary chartered surveying and property consultancy with more than 25 years’ experience of the local housing market. Operating primarily from our Durham, Gosforth and Alnwick offices, our residential team is made up of highly qualified, motivated staff who pride themselves on offering an unrivalled personal service to homebuyers and sellers. We guide you through the sales process from instruction through to completion and strive to make this journey as hassle-free as possible. With our in-depth local knowledge, we are best placed to provide advice on the valuation, acquisition, disposal and letting of a wide range of homes. Our extensive marketing and negotiation skills enable us to get the best deal for you in a timely and efficient manner. We also provide consultancy services on a diverse range of regeneration projects, from city centre residential developments to mixed-use out-of-town schemes.
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