Leisure in SR5
Haswell Court, Quay West Business Village,, Sunderland, Tyne and Wear, SR5 2AR
Online auction
- Investment Opportunity
- Close to local amenties
- Quay West Business Village
- Great Connectivity
- Viewing Recommended
- VAT applicable
Leisure in SR5
*For sale via secure sale online bidding: terms and conditions apply.*
An excellent opportunity to acquire a fully let commercial investment property situated within the popular Quay West Business Village in Sunderland. The property is currently occupied by two established tenants and generates a combined rental income of £1,725 per calendar month (£20,700 incVAT per annum), making it an attractive ready-made investment.
The unit is arranged over two floors, providing flexible commercial accommodation suitable for a variety of uses.
The ground floor is currently occupied by a well-established hot and cold food deli, benefiting from regular custom from nearby businesses and the surrounding commercial area.
The first floor is let separately and provides a large open plan office space, complemented by a private office/meeting room and WC facilities, making it ideal for professional or administrative use.
Located within Quay West Business Village, the property benefits from a well-established business environment with convenient access to the A1231 and A19, providing excellent connectivity throughout Sunderland and the wider North East region.
This property represents an ideal purchase for investors seeking a hands-off commercial investment with immediate income and existing tenants in place.
Summary
- Property Type: Leisure
- Tenure: Leasehold
- Parking: Allocated
Location
Located within Quay West Business Village, the property benefits from a well-established business environment with convenient access to the A1231 and A19, providing excellent connectivity throughout Sunderland and the wider North East region
Accommodation
The unit is arranged over two floors, providing flexible commercial accommodation suitable for a variety of uses.
The ground floor is currently occupied by a well-established hot and cold food deli, benefiting from regular custom from nearby businesses and the surrounding commercial area.
The first floor is let separately and provides a large open plan office space, complemented by a private office/meeting room and WC facilities, making it ideal for professional or administrative use.
EPC
Available upon request (rating B).
Tenure
Leasehold of 125 years from 1 January 2009. Title number TY494641
VAT
We are advised VAT is applicable on the purchase price.
Additional information
For further information please contact our office directly on 0191 737 1154, or alternatively via email on commercial.ne@pattinson.co.uk. With regards to viewing subject property, this is to be done strictly by appointment.
Floor Plan
Timescales
Contracts will exchange immediately. There are 28 days in which to complete the purchase.
Legal Pack
A legal pack is available to download. Special conditions may apply.
We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.
Deposit
In order to secure the purchase a buyer will pay a deposit of 5%, subject to a minimum £4000 which contributes towards the overall purchase price of the property.
The deposit is non-refundable.
Buyer Fees
This property is sold subject to a non-refundable reservation fee of 2.5%+ VAT to a minimum of £3,000 + VAT (£3,600 inc VAT) This does not form part of the purchase price.
More Information
For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk
ONLINE AUCTION NOTICE
I hereby acknowledge and confirm the following:
My bid may be accepted by the seller at any time before the close of the auction. It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack.
If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.
Any amount payable at the close of the auction must be paid within 1 hour.
Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second.
Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation.
Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.
The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.
It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.
The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice.
Minimum online bidding increments:
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,001 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid
Please note this bidding process applies specifically to online auctions.
More Information is available:
For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk
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