Property photos
Just added
Guide price
£150,000
Retail premises for sale
Hylton Road, Sunderland SR4Local area information
Property location
Nearby amenities
- St Anthony's Girls' Catholic Academy 0.5 miles
- St Joseph's Roman Catholic Voluntary Aided Primary School, Sunderland 0.5 miles
- Sunderland 0.6 miles
- Seaham 5.4 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Sunderland to find out more about the local area.
Features and description
- Leasehold
- Excellent Investment Opportunity
- Strong rental income
- Attractive situation
Summary
For sale via secure sale online bidding - terms and conditions apply.
We are delighted to present this versatile property located at 36 Hylton Road, SR4 7AA, offering an excellent investment opportunity with strong rental income and potential for increased yields.
Ground Floor.
Retail Unit: Currently let as a cake shop at 550 per calendar month (pcm). The tenancy commenced on 1st May 2024, providing a reliable income stream.
Separate Entrance: To upper level.
Upper Floors:
-Maisonette:
-First Floor: This level includes a fully-equipped kitchen, a boiler cupboard, and two en-suite bedrooms. These bedrooms are currently rented out at 460 pcm each, with the potential to increase the rent to 500 pcm each.
-Second Floor: The uppermost level houses a spacious en-suite bedroom, presently let at 495 pcm with the opportunity to raise the rent to 525 pcm.
Please note we have not inspected this property.
Location
Located at 36 Hylton Road, SR4 7AA, offering an excellent investment opportunity with strong rental income and potential for increased yields.
Accommodation
Ground Floor.
Retail Unit: Currently let as a cake shop at 550 per calendar month (pcm). The tenancy commenced on 1st May 2024, providing a reliable income stream.
Separate Entrance: To upper level.
Upper Floors:
-Maisonette:
-First Floor: This level includes a fully-equipped kitchen, a boiler cupboard, and two en-suite bedrooms. These bedrooms are currently rented out at 460 pcm each, with the potential to increase the rent to 500 pcm each.
-Second Floor: The uppermost level houses a spacious en-suite bedroom, presently let at 495 pcm with the opportunity to raise the rent to 525 pcm.
Tenure
Freehold. Title number TY149784
Rateable Value
The adopted rateable value is 4,850 as of 1 April 2023. Sourced from voa
Council Tax
Band A
EPC
Available upon request ( Rating D )
Additional Information
For further information plkease contact our office directly on , or alternatively via email on . With regards to viewing subject property, this is to be done strictly by appointment.
Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
For sale via secure sale online bidding - terms and conditions apply.
We are delighted to present this versatile property located at 36 Hylton Road, SR4 7AA, offering an excellent investment opportunity with strong rental income and potential for increased yields.
Ground Floor.
Retail Unit: Currently let as a cake shop at 550 per calendar month (pcm). The tenancy commenced on 1st May 2024, providing a reliable income stream.
Separate Entrance: To upper level.
Upper Floors:
-Maisonette:
-First Floor: This level includes a fully-equipped kitchen, a boiler cupboard, and two en-suite bedrooms. These bedrooms are currently rented out at 460 pcm each, with the potential to increase the rent to 500 pcm each.
-Second Floor: The uppermost level houses a spacious en-suite bedroom, presently let at 495 pcm with the opportunity to raise the rent to 525 pcm.
Please note we have not inspected this property.
Location
Located at 36 Hylton Road, SR4 7AA, offering an excellent investment opportunity with strong rental income and potential for increased yields.
Accommodation
Ground Floor.
Retail Unit: Currently let as a cake shop at 550 per calendar month (pcm). The tenancy commenced on 1st May 2024, providing a reliable income stream.
Separate Entrance: To upper level.
Upper Floors:
-Maisonette:
-First Floor: This level includes a fully-equipped kitchen, a boiler cupboard, and two en-suite bedrooms. These bedrooms are currently rented out at 460 pcm each, with the potential to increase the rent to 500 pcm each.
-Second Floor: The uppermost level houses a spacious en-suite bedroom, presently let at 495 pcm with the opportunity to raise the rent to 525 pcm.
Tenure
Freehold. Title number TY149784
Rateable Value
The adopted rateable value is 4,850 as of 1 April 2023. Sourced from voa
Council Tax
Band A
EPC
Available upon request ( Rating D )
Additional Information
For further information plkease contact our office directly on , or alternatively via email on . With regards to viewing subject property, this is to be done strictly by appointment.
Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
More information
Listed by
Pattinson - Commercial
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