27 32 Azalea Terrace North, Sunderland, Tyne ... - Commercial People
For Sale Residential
On the instructions of
Residential Investment Portfolio 27-32 Azalea Terrace North, Sunderland, Tyne & Wear, SR2 7ES
• • • •
Site area: 1,164 Sq M (12,529.9 Sq Ft) 18 apartments split over three floors Sunderland City Centre and Ashbrooke nearby Rental Income: £104,640 pa
Lambert Smith Hampton Second Floor, 41-51 Grey Street, Newcastle Upon Tyne NE1 6EE T +(0)191 232 6291
27-32 Azalea Terrace North, Sunderland, Tyne & Wear, SR2 7ES
Location
Accommodation Accommodation comprises 18 apartments split over three floors: 6 extensive two bed apartments lie to each ground floor. 6 two bed apartments lie to each first floor. 2 two bed apartments are located within the second floor of 27 and 28 Azalea Terrace. 2 one bed and 2 studio apartments are spread over the second floors of 29 to 32 Azalea Terrace.
The subject residential portfolio is located on Azalea Terrace North, Sunderland. Azalea Terrace lies on the periphery of Sunderland town centre with Park Lane Interchange within its immediate vicinity. Azalea Terrace lies within an affluent part of Sunderland with Ashbrooke close by. Sunderland lies approximately 14 miles east of Newcastle and 13 miles north east of Durham. Description The subject residential property portfolio is known as 2732 Azalea Terrace North. The portfolio comprises 18 apartments over six mid-terrace residential properties. Each property benefits from three apartments over the ground, first and second floor. All of the apartments are fully furnished and benefit from individual services. The residential portfolio currently benefits from a total rental income of £104,640 per annum with all tenants in occupation on 12 month assured shorthold tenancies. All 18 apartments are let to a range of professionals and students with no tenants currently receiving any Government support. To date the portfolio has been managed in house with no management agent on board. All 18 apartments, including common areas have been maintained to a high standard with any notable defects or repairs attended to immediately. Each entity benefits from electric roller shutters to the rear providing shared yards with off-street parking. At present all apartments are currently let, we have been advised void periods are scarce with the convenient location and immediate facilities influencing such demand. A comprehensive tenancy schedule will be made available on request.
The larger ground floor apartments dictate £525 per calendar month with the rental rate reducing slightly over the first and second floors. VAT All prices, premiums and rents etc. are quoted exclusive of VAT at the prevailing rate. Legal Costs Each party to be responsible for their own legal costs incurred in any transaction. Terms The residential portfolio known as 27-32 Azalea Terrace North, Sunderland is available by way of freehold title for offers in excess of £999,000. Please note: The client is related to a member of the Agency department within Lambert Smith Hampton. EPC The property has been assessed in accordance with domestic property legislation. Copies of EPCs for each element will be available on request. Council Tax Interested parties should check with the local authority in respect of the Council Tax liability. Viewing and Further Information Viewing strictly by prior appointment with the sole agent: Michael Downey Lambert Smith Hampton 0191 338 8326 07711 767 423 [email protected]
27-32 Azalea Terrace North, Sunderland, Tyne & Wear, SR2 7ES Promap
Image Copyright reproduced by Promap
Property
Image Copyright reproduced by Lambert Smith Hampton
27-32 Azalea Terrace North, Sunderland, Tyne & Wear, SR2 7ES Location
Image Copyright reproduced by Promap
1 March 2016 © Lambert Smith Hampton Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries and their joint agents if any (“LSH”) for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.
On the instructions of
Residential Investment Portfolio 27-32 Azalea Terrace North, Sunderland, Tyne & Wear, SR2 7ES
• • • •
Site area: 1,164 Sq M (12,529.9 Sq Ft) 18 apartments split over three floors Sunderland City Centre and Ashbrooke nearby Rental Income: £104,640 pa
Lambert Smith Hampton Second Floor, 41-51 Grey Street, Newcastle Upon Tyne NE1 6EE T +(0)191 232 6291
27-32 Azalea Terrace North, Sunderland, Tyne & Wear, SR2 7ES
Location
Accommodation Accommodation comprises 18 apartments split over three floors: 6 extensive two bed apartments lie to each ground floor. 6 two bed apartments lie to each first floor. 2 two bed apartments are located within the second floor of 27 and 28 Azalea Terrace. 2 one bed and 2 studio apartments are spread over the second floors of 29 to 32 Azalea Terrace.
The subject residential portfolio is located on Azalea Terrace North, Sunderland. Azalea Terrace lies on the periphery of Sunderland town centre with Park Lane Interchange within its immediate vicinity. Azalea Terrace lies within an affluent part of Sunderland with Ashbrooke close by. Sunderland lies approximately 14 miles east of Newcastle and 13 miles north east of Durham. Description The subject residential property portfolio is known as 2732 Azalea Terrace North. The portfolio comprises 18 apartments over six mid-terrace residential properties. Each property benefits from three apartments over the ground, first and second floor. All of the apartments are fully furnished and benefit from individual services. The residential portfolio currently benefits from a total rental income of £104,640 per annum with all tenants in occupation on 12 month assured shorthold tenancies. All 18 apartments are let to a range of professionals and students with no tenants currently receiving any Government support. To date the portfolio has been managed in house with no management agent on board. All 18 apartments, including common areas have been maintained to a high standard with any notable defects or repairs attended to immediately. Each entity benefits from electric roller shutters to the rear providing shared yards with off-street parking. At present all apartments are currently let, we have been advised void periods are scarce with the convenient location and immediate facilities influencing such demand. A comprehensive tenancy schedule will be made available on request.
The larger ground floor apartments dictate £525 per calendar month with the rental rate reducing slightly over the first and second floors. VAT All prices, premiums and rents etc. are quoted exclusive of VAT at the prevailing rate. Legal Costs Each party to be responsible for their own legal costs incurred in any transaction. Terms The residential portfolio known as 27-32 Azalea Terrace North, Sunderland is available by way of freehold title for offers in excess of £999,000. Please note: The client is related to a member of the Agency department within Lambert Smith Hampton. EPC The property has been assessed in accordance with domestic property legislation. Copies of EPCs for each element will be available on request. Council Tax Interested parties should check with the local authority in respect of the Council Tax liability. Viewing and Further Information Viewing strictly by prior appointment with the sole agent: Michael Downey Lambert Smith Hampton 0191 338 8326 07711 767 423 [email protected]
27-32 Azalea Terrace North, Sunderland, Tyne & Wear, SR2 7ES Promap
Image Copyright reproduced by Promap
Property
Image Copyright reproduced by Lambert Smith Hampton
27-32 Azalea Terrace North, Sunderland, Tyne & Wear, SR2 7ES Location
Image Copyright reproduced by Promap
1 March 2016 © Lambert Smith Hampton Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries and their joint agents if any (“LSH”) for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.
