Sea Road, Fulwell

OF INTEREST TO INVESTORS. This is an opportunity to purchase an investment comprising a ground floor shop let as a Post Office and a self contained 2 bedroom flat above. Situated in Sea Road on the north of Sunderland City Centre a popular retail location. The property produces a total income of £16,140 per annum with growth potential.

OF INTEREST TO INVESTORS Located in a prominent position in the centre of the Sea Road shopping area with a range of local and national occupiers close by. It is within easy reach of the sea front, Roker Park and the City centre. The property is well served by local bus routes and is a short walk from Seaburn Metro Station which provides access to Newcastle and South Shields.

The shop is let and trades as a post office from ground floor only. The first floor flat is let separately and is well presented throughout. Secure tenants and potential for rental growth. Ground floor: Sales 38 sqm Ancillary 14 sqm. First Floor: Entrance vestibule, landing, 2 bedrooms, lounge, kitchen, bathroom/wc, gas central heating, uPVC double glazing, shared rear yard.

The property is divided into a ground floor shop with a self contained 2 bedroom flat above. The shop trades as a Post Office and the flat has a separate tenant. The properties are occupied and let on the basis set out below.

GROUND FLOOR (SHOP) Front sales and rear storage

Sales 38 sq m

Storage 9 sq m

Kitchen 5 sq m

Cloakroom/wc

Rear lobby with access to shared yard

FIRST FLOOR

Tiled Floor to shop
Suspended Ceiling

Ground floor is let to Mr J Wilson who trades as a Post Office. The current lease is for 25 years from 2015.

The passing rent is £10,200 per annum payable monthly

The flat is occupied on an Assured Shorthold Tenancy at a passing rent of £495 per calendar month


Business Rates
The current rateable value is £10,000 .

The Flat is listed as Band A for Council Tax purposes


FEATURES Electric roller shutter to shop
Shared rear yard with access from shop and via an external staircase for the flat.

FIRST FLOOR FLAT

ENTRANCE VESTIBULE Stairs to first floor; spotlights

LANDING

LOUNGE 13' 4" x 10' 4" (4.07m x 3.15m to chimney breast) Gas living flame fire with granite hearth and granite inset; radiator

KITCHEN 14' 3" x 8' 2" (4.36m x 2.51m) Comprehensive range of fitted wall and floor units having working surface; single drainer stainless steel sink unit with one bowl sink and with mixer tap; built in electric oven; gas hob; stainless steel extractor hood; tiled splashback; tiled floor; spotlights; radiator; stairs to door with yard

BEDROOM 1 13' 3" x 11' 6" (4.06m x 3.53m max (2.97m min) High level storage cupboards; radiator

BEDROOM 2 10' 1" x 6' 3" (3.08m x 1.93m) Radiator

BATHROOM/WC Panel bath with shower over; pedestal hand basin; low level wc (white suite); partly tiled walls; tiled floor; spotlights; panelling to ceiling; Baxi wall mounted combi boiler; radiator

Extras: (Included in price): Gas central heating
uPVC double glazing

Excellent modern decor throughout

Shared rear yard with access from shop via an external staircase from the flat

EPC Rating D (shop)
EPC Rating E (flat)

We understand that the property is Freehold with a perpetual yearly rent charge of £3.91 per annum

VIEWING: By appointment through this office

Please Note:

These particulars are intended to provide a general outline only for the guidance of prospective purchasers and do not constitute, nor shall constitute, part of an offer or contract. Intending purchasers must satisfy themselves by inspection or otherwise as to the correctness of such information. The Vendor does not make or give, and neither the Directors of Alfred Pallas, nor any person in their employment has any authority to make or give any warranty in relation to this property. Where reference is made to the tenure details of the property (including any relevant ground rent or service charge), this information should not be relied upon without being verified independently by the legal adviser of any intending purchaser.

Please note that the services and appliances in the property have not been tested. Nothing in these particulars shall be deemed a statement that the property is in good condition, nor that any services, appliances or any fittings are in working order or satisfy current regulations.

Any measurements, areas or distances referred to are approximate and are not precise. Accordingly room sizes should not be relied upon for carpets or furnishings. Plans and floor plans are for identification purposes only and are not to scale. Information relating to the current council tax banding and standard amount payable is provided for guidance only and should be independently verified prior to purchase. In particular, purchasers should make their own enquiries with the Local Authority whether a property banding could be subject to review following purchase.