2 Bedroom Shop with Living Accommodation

Southwick is a busy suburb of Sunderland, with a large residential population. The centre of Southwick is made up of a bustling retail area and the subject business is on a busy parade and enjoys a large amount of footfall and passing traffic. The A19 and Sunderland City Centre are all within easy reach, by either public transport or car and there is ample free car parking in and around Southwick centre.

A mid terrace two storey property, consisting a first floor two bedroom flat and a ground floor takeaway, both units are currently tenanted.

The takeaway unit was recently tenanted and is approx. 99 sq. m. (1,065.7 sq. ft.), consisting open plan service/kitchen area, two large prep rooms and staff w/c facilities.

The flat being 59.93 sq. m. (645.08 sq. ft.) has a private entrance and is located on the first floor consisting living room, kitchen, bathroom and 2 bedrooms.

• Tenanted Takeaway & Two Bed Flat
• Combined Rental Income £16,800 per annum
• Takeaway circa 1.065.7 sq. ft. (99 sq. m.)
• Flat circa 645 sq. ft. (59.93 sq. m.)
• Excellent Passing Trade
• 13.44 % Yield on Guide Price
• Excellent Investment Opportunity

Property details provided by Rook Matthews Sayer
EPC rating: C and E
Council Tax band: A
Tenure : Freehold
For Sale By Auction www.agentspropertyauction.com LIVE ONLINE AUCTION TAKING BIDS NOW OPTION 1

Retail
Takeaway
£9,600 p/a
5 Year FRI from 15/01/2025

Flat
Private
£7,200 p/a
AST

Disclaimer 1
The Agents Property Auction have not inspected this property. The property details have been supplied by RMS. None of the services have been tested. Measurements, where given, are approximate and for descriptive purposes only. Boundaries cannot be guaranteed and must be checked by solicitors prior to exchanging contracts. The details are provided in good faith, are set out as a general guide only and do not constitute any part of a contract. No member of staff has any authority to make or give representation or warranty in relation to this property.
For sale by auction see www.agentspropertyauction.com

Disclaimer 2
Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £2000+vat (total £2400) Auction Administration Fee. At your request we can refer you to a North East based Solicitor from our panel. It is your decision whether you choose to deal with them, should you decide to use them you should know that we would receive a referral fee of £180 including Vat from them for the recommendation.

Disclaimer 3
A copy of the title is available upon request, we recommend all potential buyers take legal advice, satisfy their requirements on all matters and have finance in place prior to purchase.

Details awaiting vendors approval.

Disclaimer 4
We are advised by the seller that the property has mains provided gas, electricity, water (very low risk of surface water flooding) and sewerage.

The energy performance certificate attached advises the property is brick built and provides further details regarding the property’s construction.

Ofcom website states the average broadband download speed of 18Mbps the fastest package of 10000Mbps at this postcode: SR5 2AB and mobile coverage is provided by EE (limited indoor), Three 02 (limited indoor data) and Vodaphone (limited indoor).