Azalea Terrace North, Ashbrooke, Sunderland

FOR SALE BY AUCTION - STARTING BID £290,000 - INVESTMENT / MULTI LET INVESTMENT An exciting opportunity to purchase a an end terraced property comprising of 5 no self contained flats offering a unique investment opportunity. The building is now let with 5 flats. The property is arranged over 3 floors providing 5no self contained flats. Currently producing £3250 PER MONTH / £39,000 PER ANNUM. Azalea Terrace North is situated on the fringe of the city centre and offers excellent access to transport links, shops and amenities with Sunderland City Centre only a short walk / car journey. Viewing of this exciting project and investment property is highly recommended to appreciate the location and potential on offer.

Auction Terms Of Sale - 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 £4000 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 £3,000 + VAT (£3,600 inc VAT) This does not form part of the purchase price.

More Information

For more information call our auction experts on or email

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.

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 within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, 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.

The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.

It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.

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.

More Information is available:

For more information call our auction experts on or email

Tenancy Details - It has been advised that the following rents are payable for the property.

FLAT 1: £625 per month
FLAT 2: £600 per month
FLAT 3: £600 per month
FLAT 4: £750 per month
FLAT 5: £675 per month

Full details in relation to the tenancy details are available upon request, the rents were advised by the landlord and correct at the time of listing. Prospective purchasers should make their own investigations in this regard as the rent can sometimes change.

Entrance Hall - Leading to flat 1

Flat 1 -

Living Room/Bedroom/Kitchen - 5.49 max x 5.70 max (18'0" max x 18'8" max) - Open plan kitchen/bedroom with wall mounted gas central heating boiler, radiator, the kitchen point has a range of floor and wall units, stainless steel sink and mixer tap, electric oven, gas hob with extractor over.

Shower Room - White suite comprising of a low level WC, pedestal basin, shower cubicle.

Flat 2 -

Kitchen/Living Room/Bedroom - 4.91 max x 4.44 max (16'1" max x 14'6" max) - Studio with kitchen point having a range of floor and wall units, tiled splashback, electric oven, electric hob, cupboard with wall mounted gas central heating boiler, radiator

Shower Room - White suite comprising of a low level WC, pedestal basin, shower cubicle, extractor, chrome towel radiator.

Flat 3 - TBC

Living Room/ Bedroom - 3.96 4.48 (12'11" 14'8") - Double radiator

Kitchen - 2.32 x 2.46 (7'7" x 8'0") - Range of floor and wall units, tiled splashback, electric oven, electric hob, stainless steel sink and drainer, double glazed window.

Shower Room - Low level WC, pedestal basin, corner shower cubicle, radiator, double glazed window.

Flat 4 - CURRENTLY BEING REFURBISHED BY THE VENDOR

Inner Hall - Leading to the bedroom

Bedroom - 4.45 max x 3.35 max (14'7" max x 10'11" max) - Side facing, radiator.

Bathroom - White suite comprising of a low level WC, pedestal basin, bath, radiator.

Kitchen - TBC

Bedroom - 3.71 x 2.30 (12'2" x 7'6") - Front facing, radiator.

Living Room - 3.30 x 4.80 (10'9" x 15'8") - Radiator, window to the front and side elevation.

Flat 5 -

Bathroom - Suite comprising of a low level WC, pedestal basin with tiled splashback, tiled splashback, bath with shower over, radiator.

Landing - Cupboard with wall mounted gas central heating boiler.

Living Room/Kitchen - 6.51 max x 4.25 max (21'4" max x 13'11" max) - T fall roof in part, double glazed window, 2 velux style window, radiator, the kitchen has a range of floor and wall units, stainless steel sink and drainer with mixer tap, electric oven, electric hob.

Bedroom - 2.79 x 4.39 (9'1" x 14'4") - T fall roof in part, velux style window, double radiator.

Externally - Externally there is a front forecourt and rear garden.

Council Tax - The Council Tax Band is Band:

Flat 1: A
Flat 2: A
Flat 3: A
Flat 4: A
Flat 5 : A

Tenure - We are advised by the Vendors that the property is Freehold. Any prospective purchaser should clarify this with their Solicitor

Epc - EPC Rating:

Flat 1: D
Flat 2: D
Flat 3: D
Flat4: TBC
Flat 5: C