About the property

INVESTMENT - 3 FLATS AND TRADING SHOP

A prominent detached building in the heart of the village, it combines the residential income from 3 tenanted flats, with a long established pet supplies business, which is to be sold as a going concern - a superb trading position. Each of the flats has 1 bedroom, double glazing, gas central heating etc. Each of them are let on assured short hold tenancies at a rent of £90 per week. If any potential buyer wishes to obtain the property and not retain the business, then the shop premises could be converted to residential use (subject to the appropriate permissions from Sunderland City Council) or alternatively it could be put to some other commercial use. The building is in need of some renovation but this has been reflected in the price. For the Freehold interest, incorporating the shop and 3 flats, the goodwill of the pet supplies business and the fixtures and fittings we seek offers around £169,000 (plus stock at valuation).

Shop 38'1" x 11'2" (11.6m x 3.4m).

Back office 6'3" x 24'11" (1.9m x 7.6m).

WC

EPC Rating D.

RESIDENTIAL ACCOMMODATION

72a High Street - a ground floor flat with direct access from High street.

EPC Rating D.

Lounge 9'10" x 9'10" (3m x 3m). with radiator

Inner hall with radiator, cupboard with combi gas boiler supplying central heating system and domestic hot water

Bedroom 13'1" x 7'10" (3.99m x 2.39m). with radiator

Bathroom with panel bath, wash basin, WC,

Kitchen 13'5" x 6'7" (4.1m x 2m). with fitted units

Exterior enclosed yard to rear

129a Brickgarth - first floor flat with access from the rear via a shared entrance passage and stairs

EPC Rating D.

Lounge 12'2" x 11'6" (3.7m x 3.5m). with radiator

Bedroom 11'6" x 8'10" (3.5m x 2.7m). with radiator

Kitchen 8'10" x 11'10" (2.7m x 3.6m). with built in units and radiator, wall mounted boiler supplying central heating system and domestic hot water

Bathroom panel bath, wash basin, WC and radiator

129b Brickgarth - with access from the rear via shared stairs and passage

EPC Rating D.

Entrance Hall

Lounge 13'9" x 8'6" (4.2m x 2.6m). with radiator

Bedroom 8'2" x 13'9" (2.5m x 4.2m). with radiator

Kitchen 10'10" x 10'2" (3.3m x 3.1m). built in units, combi gas boiler supplying the central heating system and domestic hot water

Bathroom with panel bath, wash basin, WC

Business The property has been trading for many years on an single owner occupier basis. It produces a steady turnover around £80,000 per annum, with consistant profit levels. Copies of accounts can be provided to genuinely interested parties only.

VAT Please note that neither the business nor the property are registered for VAT.


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