Property description
Guide Price £145,000 Plus Fees
For sale by unconditional online auction, registration is now open. Bidding opens on 25/06/2025 09:00 and ends on 25/06/2025 09:54.
For Sale by Online Auction on 25 June 2025
Ground Floor A5 Hot Food Takeaway
First Floor Two Bedroom Flat
Fully Tenanted for £17,700 Per Annum
Investment Opportunity
Freehold Title
Popular Established Location
Fantastic commercial and uppers for sale via auction treaty, well located along the popular Southwick Road, Sunderland. To the ground floor is an A5 hot food takeaway. To the first floor is a two bedroom residential flat.
The full property is tenanted by one tenant. The shop is let at £800pcm and the flat is let at £675pcm, producing £17,700 per annum, making a great investment opportunity.
Tenure
Freehold
Terms
Legal Pack
To review the legal documents and to view the auction information click on the buttons at the bottom of this advert or visit our website tcpa.co.uk
UNCONDITIONAL LOT Exchange and administration fee information: (plus fees)
Buyers Administration Fee Applies upon the fall of the hammer, the Purchaser shall pay a 10% deposit (subject to minimum of £5,000, whichever is the greater) and a Buyers Administration Fee of £1200 + VAT and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated in the legal pack or on the sales details).
In addition to the purchase price, buyers may be required to pay additional fees, costs and charges - please refer to the legal pack.
Registration Process
To register to bid on the property, find the property on the Town & Country Property Auctions website. Click onto the property, follow the link to “Log in/ register to bid”. You will then be directed to create an auction passport account with our online-bidding platform provider Essential Information Group.
Read moreDISCLAIMER: Property descriptions and related information displayed on this page are marketing materials provided by Town & Country Property Auctions - London. Placebuzz does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Town & Country Property Auctions - London for full details and further information.