Summary - 281, Southwick Road,SUNDERLAND,SR5 2AB SR5 2AB
2 bed 1 bath Mews
Immediately let mixed-use freehold with strong income in a well-served location.
- Freehold mixed-use unit with ground-floor A5 takeaway and two-bed flat above
- Fully let producing £17,700 per annum (shop £800pcm, flat £675pcm)
- Guide price £125,000; strong gross yield around 14% (approx)
- Sale by online auction 26 September 2025 — unconditional lot
- 10% deposit and Buyers Administration Fee £1,200 + VAT on exchange
- Single tenant occupies whole property; tenancy details in legal pack
- Located in a very deprived area with above-average crime rates
- Close to shops, bus stops and several Good-rated primary and secondary schools
A freehold mixed-use investment on Southwick Road, offered with a ground-floor A5 hot food takeaway and a two-bedroom flat above. The property is fully let to a single tenant producing £17,700 per annum, providing a high gross yield against the guide price of £125,000. Tenure is freehold and the sale will be by online auction on 26 September 2025.
The ground floor is set up as a modern fast-food unit with an open kitchen and practical finishes; the upper flat provides basic two-bedroom accommodation. This is a straightforward hands-off income asset for an investor seeking immediate rental return and potential to review rents at lease breaks. Legal pack and full tenancy details are available prior to bidding.
Important transactional and location considerations: the lot is sold unconditionally at auction with a 10% deposit (minimum £5,000) and a buyer administration fee of £1,200 plus VAT payable on exchange. The area has above-average crime levels and is classed as very deprived, which may affect tenant mix and future rental growth. Buyers should review the legal pack and warranty of the tenancy before bidding.
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