2 Bedroom Flat - Purpose Built

Appealing to both the private residential buyer and the buy to let investor is this two bedroom ground floor apartment which is being offered for sale with vacant possession. We are verbally advised the property was previously let at £600pcm which would offer a potential 18% return. The property does benefit from double glazed window, gas central heating and briefly comprises communal entrance hall, entrance hall to the flat, two bedrooms, living room, kitchen and bathroom/wc.

EPC rating: C
Council Band: A
Tenure : Leasehold. The term is 125 years from 7 August 2000. The ground rent is £10 per annum. The service charge is approx £419.36 per annum.

For Sale By Auction www.agentspropertyauction.com LIVE ONLINE AUCTION 27th June 2024 OPTION 1

Communal Entrance Hall

Entrance Hall
Part glazed upvc entrance door and built in cupboard.

Bedroom One
12’06 x 7’10
Double glazed window to front elevation and radiator.

Living Room
13’03 x 12’05
Double glazed window, feature fire surround and radiator.

Bedroom Two
9’10 x 8’09
Double glazed window and radiator.

Bathroom
Three piece suite comprising pedestal wash hand basin, low level wc, bath, radiator and tiled splashback.

Kitchen
11’03 x 10’07
Range of wall and floor units with laminate worktop surfaces, built in cooker and hob with extractor hood, sink unit and drainer, radiator, double glazed window and tiled splashback.

Disclaimer 1
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 £180 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.

Disclaimer 4
We are advised by the seller that the property has mains provided gas, electricity, water (high risk of surface water flooding) and sewerage.

The energy performance certificate attached advises the property is brick built and provides further details regarding the property’s construction.

Ofcom website states the average broadband download speed of 8Mbps the fastest package at this postcode: NE10 9RD and mobile coverage is provided by EE, Three (limited indoor), 02 and Vodaphone