The Easington Portfolio AWS
The Easington Portfolio A portfolio comprising 18 residential units located in Easington, County Durham.
0113 292 5500 gva.co.uk/12460
Executive Summary · Investment / development opportunity · Offers invited · 6 of the 18 units occupied producing £16,620 per annum · ERV of £52,620* *Please note that our opinion of ERV is subject to undertaking works to bring the properties into a reasonable condition.
Overview
The portfolio being offered for sale comprises 18 residential units that are either vacant or let by way of Assured Shorthold Tenancy Agreements. Within the portfolio 6 properties are occupied (33%). These properties are currently under management from a sole agent.
Location & Description The portfolio offers properties located in Easington, a town on the east coast in County Durham. The properties offer affordable accommodation in an area suited to the rental market. A number of the properties are vacant and require modernisation, offering parties the opportunity to refurbish and increase the rental value. A detailed breakdown of the current occupancy will be provided upon request.
The Disposal Process We are instructed as the Receivers sole agent to market the portfolio by way of private treaty. Our clients will consider both offers for the entire portfolio and also proposals for individual properties or multiple lots.
Energy Performance Certificates Please note the Energy Performance certificates are available upon request.
Title Information
Viewing
The properties are held freehold under land registry number DU260150. The freehold (outlined in red) is held subject to the exclusion of the rights to mines and minerals (shaded in pink and blue) which were transferred in two separate conveyances dated 7th April 1995 and 21st June 1995.
Strictly by prior arrangement with GVA. We are to organise an open viewing day. Further details will be available on request. For further information please contact:
Joel Crossfield
Rob Cruikshank
0113 280 8047 [email protected]
0113 280 8069 [email protected]
Property ref gva.co.uk/12460
GVA First Floor, City Point, 29 King Street, Leeds LS1 2HL GVA is the trading name of GVA Grimley Limited an Apleona company.
October 2017
©2017 GVA
GVA hereby gives notice that the information provided (either for itself, for any joint agents or for the vendors lessors of this property whose agent GVA is) in this brochure is provided on the following conditions: (1) The particulars are set out as a general outline only, for the guidance of intending purchasers and/or lessees and do not constitute an offer or contract, or part of an offer or contract. (2) All descriptions, dimensions and references to this property’s condition and any necessary permission for use and occupation, and any other relevant details, are given in good faith and are believed to be correct. However, any intending purchasers or tenants should not rely on them as statements or representations
of fact but satisfy themselves of their correctness by inspection or otherwise. (3) No person in the employment of GVA, or any joint agents, has any authority to make or give any representation or warranty whatsoever in relation to the property or properties in this brochure. (4) All prices quoted are exclusive of VAT. (5) GVA shall have no liability whatsoever in relation to any documents contained within the brochure or any elements of the brochure which were prepared solely by third parties, and not by GVA.
Accommodation Tenancy Schedule GVA Ref:
Address
Postcode Occupied Vacant Rent PCM
1
8 Anthony Street, Easington
SR8 3QB
1
2
15 Anthony Street, Easington SR8 3QB
1
3
10 Ashton Street, Easington
SR8 3QB
4
22 Ashton Street, Easington
5
Estimated Rental Estimated Rental Value (PCM) Value (Per Annum)
Tenure
Title Number
Description
£195
Freehold
DU260150
Two bedroom mid terrace property
£195
£2,340
£190
Freehold
DU260150
Two bedroom mid terrace property
£190
£2,280
1
Freehold
DU260150
Two bedroom mid terrace property
£250
£3,000
SR8 3QQ
1
Freehold
DU260150
Two bedroom mid terrace property
£250
£3,000
24 Ashton Street, Easington
SR8 3QQ
1
Freehold
DU260150
Two bedroom mid terrace property
£250
£3,000
6
1 Barwick Street, Easington
SR8 3SA
1
Freehold
DU260150
Two bedroom mid terrace property
£250
£3,000
7
2 Barwick Street, Easington
SR8 3SA
1
Freehold
DU260150
Two bedroom mid terrace property
£250
£3,000
8
3 Barwick Street, Easington
SR8 3SA
1
Freehold
DU260150
Two bedroom mid terrace property
£250
£3,000
9
7 Barwick Street, Easington
SR8 3SA
1
Freehold
DU260150
Two bedroom end terrace property
£250
£3,000
10
10 Barwick Street, Easington
SR8 3SA
Freehold
DU260150
Two bedroom mid terrace property
£250
£3,000
11
18 Barwick Street, Easington
SR8 3SA
1
Freehold
DU260150
Two bedroom mid terrace property
£250
£3,000
12
21 Barwick Street, Easington
SR8 3SA
1
Freehold
DU260150
Two bedroom mid terrace property
£250
£3,000
13
24 Barwick Street, Easington
SR8 3SA
1
Freehold
DU260150
Two bedroom mid terrace property
£250
£3,000
14
9 Byron Street, Easington
SR8 3RX
1
Freehold
DU260150
Two bedroom mid terrace property
£250
£3,000
15
11 Byron Street, Easington
SR8 3RX
1
Freehold
DU260150
Two bedroom mid terrace property
£250
£3,000
16
20 Station Road, Easington
SR8 3SD
1
£250
Freehold
DU260150
Two bedroom mid terrace property
£250
£3,000
17
22 Station Road, Easington
SR8 3SD
1
£250
Freehold
DU260150
Two bedroom mid terrace property
£250
£3,000
18
24 Station Road, Easington
SR8 3SD
1
£250
Freehold
DU260150
Two bedroom mid terrace property
£250
£3,000
£4,385
£52,620
Sub Totals
1
6
£250
12
£1,385
0113 292 5500 gva.co.uk/12460
Executive Summary · Investment / development opportunity · Offers invited · 6 of the 18 units occupied producing £16,620 per annum · ERV of £52,620* *Please note that our opinion of ERV is subject to undertaking works to bring the properties into a reasonable condition.
Overview
The portfolio being offered for sale comprises 18 residential units that are either vacant or let by way of Assured Shorthold Tenancy Agreements. Within the portfolio 6 properties are occupied (33%). These properties are currently under management from a sole agent.
Location & Description The portfolio offers properties located in Easington, a town on the east coast in County Durham. The properties offer affordable accommodation in an area suited to the rental market. A number of the properties are vacant and require modernisation, offering parties the opportunity to refurbish and increase the rental value. A detailed breakdown of the current occupancy will be provided upon request.
The Disposal Process We are instructed as the Receivers sole agent to market the portfolio by way of private treaty. Our clients will consider both offers for the entire portfolio and also proposals for individual properties or multiple lots.
Energy Performance Certificates Please note the Energy Performance certificates are available upon request.
Title Information
Viewing
The properties are held freehold under land registry number DU260150. The freehold (outlined in red) is held subject to the exclusion of the rights to mines and minerals (shaded in pink and blue) which were transferred in two separate conveyances dated 7th April 1995 and 21st June 1995.
Strictly by prior arrangement with GVA. We are to organise an open viewing day. Further details will be available on request. For further information please contact:
Joel Crossfield
Rob Cruikshank
0113 280 8047 [email protected]
0113 280 8069 [email protected]
Property ref gva.co.uk/12460
GVA First Floor, City Point, 29 King Street, Leeds LS1 2HL GVA is the trading name of GVA Grimley Limited an Apleona company.
October 2017
©2017 GVA
GVA hereby gives notice that the information provided (either for itself, for any joint agents or for the vendors lessors of this property whose agent GVA is) in this brochure is provided on the following conditions: (1) The particulars are set out as a general outline only, for the guidance of intending purchasers and/or lessees and do not constitute an offer or contract, or part of an offer or contract. (2) All descriptions, dimensions and references to this property’s condition and any necessary permission for use and occupation, and any other relevant details, are given in good faith and are believed to be correct. However, any intending purchasers or tenants should not rely on them as statements or representations
of fact but satisfy themselves of their correctness by inspection or otherwise. (3) No person in the employment of GVA, or any joint agents, has any authority to make or give any representation or warranty whatsoever in relation to the property or properties in this brochure. (4) All prices quoted are exclusive of VAT. (5) GVA shall have no liability whatsoever in relation to any documents contained within the brochure or any elements of the brochure which were prepared solely by third parties, and not by GVA.
Accommodation Tenancy Schedule GVA Ref:
Address
Postcode Occupied Vacant Rent PCM
1
8 Anthony Street, Easington
SR8 3QB
1
2
15 Anthony Street, Easington SR8 3QB
1
3
10 Ashton Street, Easington
SR8 3QB
4
22 Ashton Street, Easington
5
Estimated Rental Estimated Rental Value (PCM) Value (Per Annum)
Tenure
Title Number
Description
£195
Freehold
DU260150
Two bedroom mid terrace property
£195
£2,340
£190
Freehold
DU260150
Two bedroom mid terrace property
£190
£2,280
1
Freehold
DU260150
Two bedroom mid terrace property
£250
£3,000
SR8 3QQ
1
Freehold
DU260150
Two bedroom mid terrace property
£250
£3,000
24 Ashton Street, Easington
SR8 3QQ
1
Freehold
DU260150
Two bedroom mid terrace property
£250
£3,000
6
1 Barwick Street, Easington
SR8 3SA
1
Freehold
DU260150
Two bedroom mid terrace property
£250
£3,000
7
2 Barwick Street, Easington
SR8 3SA
1
Freehold
DU260150
Two bedroom mid terrace property
£250
£3,000
8
3 Barwick Street, Easington
SR8 3SA
1
Freehold
DU260150
Two bedroom mid terrace property
£250
£3,000
9
7 Barwick Street, Easington
SR8 3SA
1
Freehold
DU260150
Two bedroom end terrace property
£250
£3,000
10
10 Barwick Street, Easington
SR8 3SA
Freehold
DU260150
Two bedroom mid terrace property
£250
£3,000
11
18 Barwick Street, Easington
SR8 3SA
1
Freehold
DU260150
Two bedroom mid terrace property
£250
£3,000
12
21 Barwick Street, Easington
SR8 3SA
1
Freehold
DU260150
Two bedroom mid terrace property
£250
£3,000
13
24 Barwick Street, Easington
SR8 3SA
1
Freehold
DU260150
Two bedroom mid terrace property
£250
£3,000
14
9 Byron Street, Easington
SR8 3RX
1
Freehold
DU260150
Two bedroom mid terrace property
£250
£3,000
15
11 Byron Street, Easington
SR8 3RX
1
Freehold
DU260150
Two bedroom mid terrace property
£250
£3,000
16
20 Station Road, Easington
SR8 3SD
1
£250
Freehold
DU260150
Two bedroom mid terrace property
£250
£3,000
17
22 Station Road, Easington
SR8 3SD
1
£250
Freehold
DU260150
Two bedroom mid terrace property
£250
£3,000
18
24 Station Road, Easington
SR8 3SD
1
£250
Freehold
DU260150
Two bedroom mid terrace property
£250
£3,000
£4,385
£52,620
Sub Totals
1
6
£250
12
£1,385
