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2 bedroom mews property for sale
279-281 Southwick Road, Sunderland, Tyne and Wear, SR5 2AB
£125,000
279-281 Southwick Road, Sunderland, Tyne and Wear, SR5 2AB
£125,000
Price History
Initial price | £130,000 |
02/09/25 | £125,000 |
Price Change | -3.85% |
Description
This property is a fantastic commercial and residential opportunity located on Southwick Road in Sunderland. The ground floor is home to an A5 hot food takeaway, while the first floor is a two-bedroom residential flat. The property is fully tenanted, with the shop letting for £800 per month and the flat letting for £675 per month, producing a combined annual income of £17,700. The property is being sold via auction on September 24th, 2025, and is being offered on a freehold basis. The successful bidder will be required to pay a 10% deposit and a buyer's administration fee of £1,200 plus VAT, with contracts exchanging 28 days following the auction. The property presents a great investment opportunity, with a potential annual income of £17,700 and the potential for future growth.