7 bedroom terraced house for sale

FOR SALE BY AUCTION - STARTING BID £300,000 - INVESTMENT SALE - 5 SELF CONTAINED FLATS PRODUCING - £40,220 PER ANNUM - The property is located on Argyle Square and comprises of a terraced property split into 5 self contained flats. Argyle Square offers a convenient location for easy access to Sunderland City Centre, local shops, amenities and good transport links. Internally the property briefly comprises of: Flat 1, Flat 2, Flat 3, Flat 4, Flat 5. Externally there is a front forecourt and a rear yard. Full details in relation to the tenancy details and rents are available upon request.

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[use Contact Agent Button] or [use Contact Agent Button]

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[use Contact Agent Button] or [use Contact Agent Button]

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

FLAT 1: £625
FLAT 2: £625
FLAT 3: £600
FLAT 4: £750
FLAT 5: £750

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 - Communal entrance hall

Flat One -

Studio Bedroom - 5.67 x 5.37 (18'7" x 17'7") - Bay window, storage cupboard, radiator, kitchen with range of floor and wall units, stainless steel sink and drainer with mixer tap, electric oven, electric hob with extractor over

Shower Room - Solely for the use by Flat 1 Suite comprising low level wc, wash hand basin, shower cubicle. extractor

Flat Two -

Studio Bedroom - 4.7m x 4.3m (15'5" x 14'1") -

Shower Room -

Flat Three -

Living Room/Kitchen/ Bedroom - 3.39 x 8.29 (11'1" x 27'2") - Open plan living room/kitchen/bedroom having a range of floor and wall units, stainless steel sink and drainer with mixer tap.

Bathroom - Low level WC, pedestal basin, bath with shower over, extractor.

Flat Four -

Inner Hall - Leading to the living Room

Living Room - 5.28 max x 4.48 max (17'3" max x 14'8" max) - Front facing, 2 velux style windows, radiator.

Bedroom - 3.07 max x 3.20 max (10'0" max x 10'5" max) - Front facing, radiator, storage cupboard.

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

Kitchen - 1.43 x 3.00 (4'8" x 9'10") - Range of floor and wall units, electric oven, electric hob with extractor over, radiator, stainless steel sink and drainer with mixer tap.

Bedroom 1 - 3.95 x 4.59 (12'11" x 15'0") - Rear facing, radiator, storage cupboard.

Flat Five -

Bathroom - White suite comprising of a low level WC, pedestal basin with mixer tap, bath with mixer tap and shower over, radiator.

Bedroom 1 - 4.85 x 4.86 (15'10" x 15'11") - T fall roof in part, velux style windows, radiator, storage cupboard.

Living Room - 4.59 max x 2.58 max (15'0" max x 8'5" max) - T fall roof in part, velux style window, radiator.

Bedroom 2 - 3.54 x 2.58 (11'7" x 8'5") - T fall roof in part, radiator, velux style window, storage cupboard.

Kitchen - 2.39 x 3.19 (7'10" x 10'5") - Range of floor and wall units, tiled splashback, radiator, electric oven, electric hob, stainless steel sink and drainer, radiator.

External - Externally there is a front forecourt and and rear yard

Free Valuations - We are pleased to offer a free valuation service for prospective purchasers considering a sale of their own property. We can advise you with regard to marketing, without obligation

Mortgage Advice - Mortgages can be arranged via our Financial Advisers subject to status. Your home may be repossessed if you do not keep up repayments on your mortgage.

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 Ratings:

Flat 1: D
Flat 2: D
Flat 3: D
Flat 4: C