Town and Country Auctions

This lot has been Withdrawn

Unconditional Lot

Lot 14 - Fawcett Street

Guide Price*

£600,000 Plus fees

  • Harrison House, 57A Fawcett Street, Sunderland, Tyne and Wear, SR1 1SE

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


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.

Additional Information

*The guide price may not always be the same as the reserve price .The guide is an indication given by the Auctioneer. Where the guide price is a bracket figure, the reserve cannot exceed the top end of the bracket price. If the guide price is a single figure, then the reserve can be up to 10% in excess of this.

We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only.

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but most satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.

Harrison House, 57A Fawcett Street, Sunderland, Tyne and Wear, SR1 1SE

For Sale at our Past Auction

30th September 2020

  • Online Auction
  • Started at 12:30pm

To enquire or view, please contact


  • 63-66 Hatton Garden, London, EC1N 8LE
  • 02030 111499

View Contact Details

Auction Finance

Unconditional Lot

UNCONDITIONAL LOT Exchange And administration fee information: (plus fees)

Buyers Admin Fee Applies Upon the fall of the hammer, the Purchaser shall pay a 10% deposit (subject to minimum of £5,000, whichever is the greater) and a Buyer's Admin Fee of £900 inc VAT and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).

In addition to the purchase price, buyers may be required to pay additional fees, costs and charges. These may include, but are not limited to, Value Added Tax (VAT), Stamp Duty, ground rents, rent arrears/apportionment of rent, outstanding service charges, sellers search costs/disbursements, reimbursements of sellers solicitors, auctioneer costs, buyer’s premiums or reservation fees.

Full Terms & Conditions