Borough Road, Sunderland, Tyne and Wear, SR1 1HR

**TENANTED INVESTMENT PROPERTY FULLY MANAGED BY PATTINSON** To Be Sold Via Online Auction, Fees Apply.

Pattinson Estate agents are pleased to offer to this 1 bed fully furnished Studio apartment in Sunderland City Centre to be offered with a sitting tenant paying £500 per calendar month however has rented for as much up to £600 in the past.

Situated on the ground floor of Horizon House, this property boasts a communal Café, Gym and cinema room within the building.

This furnished studio briefly comprises of a combined living area, bedroom and Kitchenette. With a separate Shower room, which includes the w/c and wash basin.

Ideally located for city centre working or studying, with this studio being situated close to the Sunderland university campus.

It is also an ideal as a city centre base, with great bus routes and the Metro, being just a short walk away.

Please contact our Sunderland branch on or email to discuss or arrange a viewing Council Tax Band: A Tenure: Leasehold Length of Lease: 245 Annual Ground Rent Amount: £150.00 Ground Rent Review Period: PER YEAR Annual Service Charge Amount: £550.00 Service Charge Review Period: PER QUARTER Auctioneers Additional Comments   Pattinson Auction are referred to as The Auctioneer.

This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer.

The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website.

The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer.

Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively.

The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures.

Bids can be submitted at any time and from anywhere.

Auctioneers Additional Comments   The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price.

The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change.

An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction.

A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding.

The Legal Pack will also outline the buyers obligations and sellers commitments.

It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments   In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price.

The deposit will form part of the purchase price.

A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale.

The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs.

Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received.

There is no requirement or obligation to use any recommended suppliers or services.