5 Bedroom Block of Flats

A superb investment opportunity to purchase a pair of semi detached flats, currently tenanted on The Oval, which is conveniently situated just off Walker Road, well placed for local parks and other amenities. There is direct access to the riverside for walks/cycle rides along by the Tyne as well as excellent road and public transport links into the city centre. It benefits from gas central heating, double glazing throughout and designated off road parking.

The 2 Bedroom ground floor flat, briefly comprises; entrance hall, lounge, 2 bedrooms, kitchen, bathroom/wc with small garden. Currently tenanted achieving £460pcm, was achieving £510pcm prior to two tenants bring in property (awaiting sight of the tenancy agreement).

The 3 bedroom upper floor flat is currently tenanted achieving £525pcm and comprises lounge, kitchen, family bathroom with 3 bedrooms (awaiting sight of the tenancy agreement).

Property details provided by Rook Matthews Sayer
EPC rating: C and D
Council Tax band: both A
Tenure : Leasehold. The term of the lease is 999 years from February 1987.

For Sale By Auction www.agentspropertyauction.com LIVE ONLINE AUCTION 13 December 2023 OPTION 1

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.

AGENTS NOTE
A director of Kimmitt & Roberts has a financial interest in this property.