64 River View, Low Street, SUNDERLAND, Tyne and Wear, SR1 2AT

Long leasehold purpose built self-contained flat
Penthouse over sixth & seventh floors with lift access
Views over the Riverside
Investment (Rent reserved £9,000 pa)

Location:
The property is situated on River View, almost adjacent to the River Wear. A comprehensive range of shops, bars and restaurants are available within Sunderland City Centre along with The University of Sunderland and Sunderland Royal Hospital to the west. Public transport links are available at Sunderland Rail Station along with a network of local bus services serving the surrounding areas. The property is served by road links including the A1018, A690 and the A1231. Recreational pursuits are available at Barnes Park located to the south west.

Accommodation:
Seventh floor: One bedroom with en-suite shower room/WC, office
Sixth floor: Two bedrooms, reception room, dining room, kitchen, bathroom/WC
Outside: Front and rear balcony, parking space

EPC rating: C

Council Tax Band: C

Tenancy:
The property is let on a periodic tenancy from 17th July 2015 at a rent of £750 per calendar month.

Rent reserved:
£9,000 per annum

Lease:
Held on a long lease for a term of 125 from 1st January 2004 (Thus having approximately 105 years remaining) at a ground rent of £317.71 per annum

Vendors Note:
The development has cladding to the upper floors which we understand does not meet current standard under The Building Safety Act 2022. Remedial works will be required and part of the cost of this may be charged back to the Leaseholders although correspondence has been received from the Department for Levelling Up, Housing and Communities that an application to the building Safety Fund has been successful. A copy of the correspondence is included within the Legal Pack and interested parties should satisfy themselves as to the position. We understand the property is suitable for cash buyers only.





Important Notice:
For each Lot, a contract documentation fee of £1,500 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.

Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.

When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst Barnard Marcus make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.


1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.