Fulwell Road, Fulwell: Offers In Region Of £150,000

For Sale  |  Commercial
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For more information please call us on 0191 5483622 or email sales@pallasjones.co.uk

Full Details:

LOCATION
Situated in Fulwell Road close to the amenities of Fulwell and Sea Road shopping area and ideally placed for access to local transport facilities.

DESCRIPTION
The mid terraced property comprises a ground floor lock up shop with a self contained storage area to the rear. Above there is a 2 bedroom flat. The three areas are all let out separately to individual tenants and offer an excellent return for an investor.

The flat and storage area are accessed from the rear and the shop is from Fulwell Road.

ACCOMMODATION
The accommodation comprises:

Shop
Depth 8.55m 28'
Width 4.61m 15'1'
Sales 50.4 sq m (542 sqft)
Kitchen/toilet

Storage Area
Storage 35.9 sq m (387 sqft)
Cloakroom/wc

Flat
Entrance Vestibule
Lounge 4.31m x 4.28m
Kitchen 2.63m x 2.85m
Bedroom 1 4.03m x 3.68m
Bedroom 2 2.76m x 2.04m
Bathroom/wc

The flat benefits from uPVC double glazing and gas central heating

Leases:
The properties are let out as follows:

Shop:
Let to John Paul at £8320 p.a. Inclusive rates (Currently £550 per annum)

Storage:
Let to Ben Hoare Bell £2520 per annum

Flat:
Let on an assured shorthold tenancy at £495 per calendar month (£5940 per annum)

The property is sold subject to the various occupational tenancies

TERMS
The property is offered for sale subject to the three existing tenants.
The flat is let out on an assured shorthold tenancy, the shop and storage areas are held on informal tenancy agreements.

OUTGOINGS
From a verbal enquiry with Sunderland Council we are informed that the property has a rateable value of £6500 with rates payable 2013/2014 £3003.

LEGAL COSTS
Each party will bear their own reasonable legal costs.

SERVICE CHARGE
Not applicable.

EPC Rating: D

Price: Offers Around £150,000

VIEWING
Strictly by appointment through sole agents please ask for Stephen Jones.

Note:

  1. These particulars are intended to provide a general outline only for the guidance of prospective purchasers or tenants and do not constitute, nor shall constitute, part of an offer or contract. Intending purchasers or tenants must satisfy themselves by inspection or otherwise as to the correctness of such information. The Vendor/Lessor does not make or give, and neither the partners of Pallas Jones, nor any person in their employment has any authority to make or give any warranty in relation to this property.
  2. Please note that the services and appliances in the property have not been tested. Nothing in these particulars shall be deemed a statement that the property is in good condition, nor that any services, appliances or any fittings are in working order or satisfy current regulations.
  3. Any measurements, areas or distances referred to are approximate and are not precise. Accordingly room sizes should not be relied upon for carpets or furnishings. Plans and floor plans are for identification purposes only and are not to scale.

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