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2 Bedrooms Property for sale in Windsor Terrace, Grangetown, Sunderland

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2 Bedrooms Property - £105,000

Windsor Terrace, Grangetown, Sunderland

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First listed on: 08th May 2016

Nearest stations: Sunderland (1.5 mi)Seaham (3.4 mi)Heworth (8.7 mi)Chester-le-Street (8.7 mi)

Interested in this property? Call See phone number 0191 565 6655

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Property Features

  • INVESTMENT PROPERTY
  • RETAIL SHOP PREMISES TO GROUND FLOOR
  • 2 BED FLAT TO FIRST FLOOR
  • EPC RATING E
  • BOTH WITH VACANT POSSESSION

Property Description

INVESTMENT OPPORTUNITY IN BUSY PARADE OF SHOPS LOCATED WITHIN GRANGETOWN SHOPPING CENTRE APPROX 3 MILES SOUTH OF SUNDERLAND CITY CENTRE WITHIN AN AREA (SR2) OF HIGH POPULATION DENSITY. Comprising ground floor retail shop and first floor 2 bedroom flat which will both be made available with vacant possession on completion. We estimate a reasonable rental return of approximately £10,000 per annum could be achieved for the flat and shop if let separately. Each have their own individual access and are in reasonable rental condition (the flat currently has tenants which will be vacating shortly). The shop benefits from electric shutters and additional storage rooms to the rear.

EXTERNALLY
The shop has frontage of approximately 12 foot 4 with uPVC single glazed window either side of a uPVC double-glazed door.

RECEPTION AREA
Sales counter approximately. 10 feet long with open side access to sales/storage.

MAIN SHOP/ SALES AREA - 16\' 6\'\' x 13\' 0\'\' (5.03m x 3.96m)
Cream ceramic tile flooring, wall mounted electric heating, open plan door way to rear passage. Suspended ceiling with fluorescent lights built in to reflectors.

REAR PASSAGE
Carpet flooring, door leading off to office, door leading off to WC and door leading off rear storage room. Wall mounted alarm.

OFFICE - 7\' 7\'\' x 5\' 3\'\' (2.31m x 1.60m)
Carpet flooring, built in laminate work bench, suspended ceiling with electric lights.

WC - 7\' 7\'\' x 4\' 11\'\' (2.31m x 1.50m)
Ceramic tile flooring, white toilet with low level, white sink chrome taps, electric water heater over the sink. The walls are tiled to approx. half height. Extractor fan. Suspended ceiling with recessed fluorescent lights and reflectors.

REAR STORAGE AREA
4 steps leading down. Built in cupboard with shelving.

REAR STORAGE ROOM - 13\' 9\'\' x 7\' 10\'\' (4.19m x 2.39m)
Plywood flooring, plaster walls and door leading off to secondary storage area.

SECONDARY STORE ROOM - 9\' 8\'\' x 5\' 7\'\' (2.94m x 1.70m)
Concrete flooring, door leading off to rear yard.

REAR YARD
We have not had access to the rear yard but have been advised there is a further lock up faculty.

FIRST FLOOR FLAT
Entrance door to side of the shop providing access to first floor 2 bedroom flat. Comprising 2 bedrooms, kitchen, bathroom, and lounge. The flat is currently tenanted and we are advised on purchase of the shop there will be vacant tenancy for the flat above. A flat of this type could be expected to generate a monthly rental income of approx. £425 a month.

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Date History Details
12/05/2016 Property listed at £105,000

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Disclaimer

Disclaimer Property reference 12764SR2_6353161. Details are provided and maintained by Good Life Letting Agents Limited. Nethouseprices.com makes no warranty as to the accuracy or completeness of aforementioned details.

This property is marketed by

Good Life Letting Agents Limited

Good Life House

46 Windsor Terrace

Sunderland

SR2 9QF

Telephone: See phone number 0191 565 6655

Arrange Viewing Arrange Viewing with Agent

Disclaimer

Disclaimer Property reference 12764SR2_6353161. Details are provided and maintained by Good Life Letting Agents Limited. Nethouseprices.com makes no warranty as to the accuracy or completeness of aforementioned details.

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This property is marketed by

Good Life Letting Agents Limited

Good Life House

46 Windsor Terrace

Sunderland

SR2 9QF

Telephone: See phone number 0191 565 6655

Arrange Viewing Arrange Viewing with Agent

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