Guide Price £125,000 Plus Fees For sale by unconditional online auction, registration is now open. Bidding opens on 24/09/2025 10:00 and ends on 24/09/2025 13:25.
For Sale by Online Auction on 24 September 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.
Viewing on request.
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.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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