Harrison House 57a Fawcett Street

For Sale £600,000

20 bedroom Block of Apartments

Property Description

Online auction date: 30th September 2020 at 12:30pm. By TOWN AND COUNTRY PROPERTY AUCTIONS LONDON -https://www.townandcountrypropertyauctions.co.uk/london/
All bidders must register beforehand. Please visit our website for further details.
  Long leasehold investment currently producing £70,000 per annum offering an 11.66% yield 

We are delighted to offer an exceptional investment opportunity, with a great yield in excess of 10% based on this guide price.
Harrison House is situated in the heart of Sunderland’s main shopping centre and within close proximity of the University campus.
A former office building (ground floor retail not included), the first, second and third (top) floors have been converted into 24 en-suite bedrooms with shared lounge/kitchen facilities.
The property benefits from on street secure access and broadband high-speed WiFi throughout. 
The investment is currently producing £70,000.00 pa

Accommodation:
First Floor - 14 studios and a shared dining/kitchen/lounge area.
Second Floor - 6 studios and a shared dining/kitchen/lounge area.
Third Floor - 4 studios.
Outside - bin store

Length of lease: 999 years as from 2nd May 2013
Ground rent: see legal pack
Service charge: see legal pack

EPC - please see legal pack

Online auction date: 30th September 2020 at 12:30pm. 
All bidders must register beforehand by clicking ‘Log in / register to bid’ and following the prompts.
Bidding is also available by way of telephone and proxy. 
Please note that wherever possible viewings will be by virtual tour.  Any viewings that we do conduct in person will follow current Government guidelines.
For further information please contact our auction team on 02030 111499.
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