Flat

For sale by auction is this investment opportunity. The property comprises of a ground floor flat located in Newcastle upon Tyne. The accommodation briefly comprises of lounge, kitchen, two bedrooms and bathroom. The current rent achieved is £700pcm, awaiting a copy of the tenancy agreement. The vendor has verbally advised that there are 3 spaces to the rear and believe these are just used on an informal ‘first come first served’ basis.

The property benefits from gas central heating and double glazing throughout.

Early viewing is recommended.

The property is situated close to local public transport routes to and from Newcastle city centre, the MetroCentre, and easy access to the A1 and A69.

Property details provided by Rook Matthews Sayer
EPC rating: C
Council Tax band: A
Tenure : Leasehold. The term of the lease is 999 years from 1 March 1989. We have been verbally advised that there is no service charge or ground rent. Any costs which crop up from time to time are split equally between the 4 flat owners but there is no formal arrangement. The 4 flat owners are jointly responsible for the communal areas.

For Sale By Auction www.agentspropertyauction.com LIVE ONLINE AUCTION TAKING BIDS NOW OPTION 2

Disclaimer 1
The Agents Property Auction have not inspected this property. The property details have been supplied by RMS. None of the services have been tested. Measurements, where given, are approximate and for descriptive purposes only. Boundaries cannot be guaranteed and must be checked by solicitors prior to exchanging contracts. The details are provided in good faith, are set out as a general guide only and do not constitute any part of a contract. No member of staff has any authority to make or give representation or warranty in relation to this property.
For sale by auction see www.agentspropertyauction.com

Disclaimer 2
Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £2000+vat (total £2400) Auction Administration Fee. At your request we can refer you to a North East based Solicitor from our panel. It is your decision whether you choose to deal with them, should you decide to use them you should know that we would receive a referral fee of £120 including Vat from them for the recommendation.

Disclaimer 3
A copy of the title is available upon request, we recommend all potential buyers take legal advice, satisfy their requirements on all matters and have finance in place prior to purchase.

Details awaiting vendors approval.