Email Bid Prior to Auction

Property Address

Flat 16, 32 Nile Street, Sunderland, Tyne and Wear

Property Description

Two bedrooms city centre fifth floor penthouse apartment. Sold with a tenant in situ currently paying £850 pcm (£10,200 per year) which equates to an attractive 14.57% gross yield based against the guide price. Auction house are yet to inspect the property, however we believe the accommodation comprises briefly of communal entrance with lift to fifth floor, entrance lobby, open plan living room//fitted kitchen, roof terrace, two double bedrooms, shower room/WC and bathroom/WC. Sunderland's only Manhattan style apartment development. Stunning Westerly views stretch across the City Centre via the large terrace and oversized windows. We understand that investigations are being carried out by the managing agents as to combustible materials and buyers are required to do their own research prior to bidding. Pictures taken in August 2025 before the current tenant moved into the property. Lease term - 125 years from January 2009 Ground Rent - £450pa Service Charge: £2,629.48pa

Main Image

Contact Details

Other Information, Comments and Conditions

This screen enables you to submit your Best Price Offer for this property. We will acknowledge receipt of your offer by calling you on the telephone number provided – if you don’t hear from us by the end of the next working day please call our office to discuss next steps. After we have spoken with you we will submit your offer to the Vendor and respond to you again thereafter. Unless we indicate to the contrary, all offers for Auction Lots should be made under Auction Rules, please refer to the Auction Information located near the front of our Auction Catalogue. Buying under Auction Rules is a contractual commitment; before making an offer prior to auction or bidding at the auction it is advisable to consult a Solicitor regarding the General and Special Conditions of Sale the local authority search and other legal documents. Auction House reserves the right not to submit an offer on behalf of internet bidders, in the event of any error, doubt, omission, uncertainty as to the bid, or for any reason whatsoever and give no warranty, or guarantee, that a bid would be made on behalf of the bidder and accept no liability.