Commercial Property
279-281 Southwick Road, Sunderland, Tyne and Wear SR5 2AB
£145,000 25 June 2025
GUIDE PRICE AUCTION DATE
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 £650pcm, producing £17,400 per annum, making a great investment opportunity. Commercial Premises - EPC Rating C, Flat Above - EPC Rating E Freehold For Sale by Online Auction on 25 June 2025 Ground Floor A5 Hot Food Takeaway First Floor Two Bedroom Flat Fully Tenanted for £17,400 Per Annum Investment Opportunity Freehold Title Popular Established Location Plus Fees Material information will be provided within the legal pack - to download this register your interest at tcpa.co.uk. Bidding Security Deposit: In order to bid, you are required to provide a bidding deposit of £2500 for each lot you wish to bid on, via the registration process. A ‘hold’ is placed on this amount. If your bid is successful on auction day, this amount will taken from your account and is included as part of your deposit payment for your property purchase. If your bid is unsuccessful, the ‘hold’ is automatically removed and the funds are immediately released. The speed at which the funds will be back in your account will depend on your bank or building society. Please note that bidding for a property is FREE. The bidding deposit forms part of your property purchase deposit and is therefore only taken from your account if successful. Mixed Use Premises Fully Tenanted - £17,400 pa Investment Opportunity * The Guide Price given is an indication as to where the Reserve is currently set. The Reserve is the minimum price that the auctioneer is authorised by the vendor to sell the property for. It is subject to change throughout the marketing period. Where the Guide Price is a single figure, the current Reserve will not be more than 10% above that single figure, and where a price range is given (i.e. £50,000 - £55,000), the Reserve will not exceed the upper level of the range. It is not necessarily what the auctioneer expects it will sell for. We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only. These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms' employment has the authority to make or give any representation or warranty in respect of the property. Viewing: Due to the nature and condition of auction properties, the auctioneers highlight the potential risk that viewing such property carries and advise all to proceed with caution and take necessary requirements to ensure their own safety whist viewing any lots offered. Viewings are conducted entirely at the potential buyers own risk, these properties are not owned or controlled by Town & Country Property Auctions and the auctioneers will not be held liable for loss or injury caused while viewing or accessing the lot. Due to the nature of some auction properties, electricity may not be turned on, therefore viewing times are restricted. Viewers will need to bring their own lighting/ ladders if wanting to inspect cupboards, cellars and roof spaces. Some viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Town & Country Property Auctions will not be liable for any costs or losses incurred due to viewing cancellations or no shows.
279 Southwick Rd, Southwick, SR5 2AB
Guide Price
£145,000
Auction Date
25 Jun 2025
Time
10:00
Auctioneer
Town and Country Property Auctions
Town and Country Property Auctions
33 Lower Bridge St, Chester, CH1 1RS
0800 334 5090
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