Block of Apartments
This substantial terraced house is arranged as 1 x 3 bedroom, and 1 x 2 bedroom flat. Currently, the ground floor unit is let at £525pcm and the upper floor is vacant (we are advised by the seller that this unit was previously let at £650pcm). The property would suit a landlord hunting a strong yield, or an astute parent purchase.
Located less than 2 miles east of Newcastle city centre, and has immediate access to the amenities of West Road. The area has a vibrant student population with multiple educational institutes nearby.
Please note - The images were provided by the seller and those for the tenanted flat were taken prior to the tenant moving in.
Lounge, Kitchen, Two Bedrooms and Bathroom. Let at £525 pcm.
Lounge, Kitchen, Three Bedrooms and Bathroom. Vacant.
Freehold. Part let/part vacant.
Auction Details
The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.
Binding contracts will be exchanged at the point of sale.
All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £2,400 inc VAT
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.
This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
