Flat
A two-bedroomed flat in Newcastle-Upon-Tyne.
Just over three miles east of Newcastle city centre, the property sits within a popular residential area close to all necessary amenities and services. A full range of shops, supermarkets and transport links can all be found nearby. Newcastle city centre is also easily accessible via public transport if necessary.
The auctioneers have not inspected the property but believe it to comprise of entrance hallway, living room, kitchen, bathroom and two bedrooms. Externally there are gardens to the front and rear.
We understand that the property is currently let producing £6,000 per annum though we have not had sight of the tenancy agreement. Prospective buyers are advised to inspect the legal documents before placing their bid, as this will be binding.
999 years from 25 April 1986. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
Mains Water, Drainage, Gas and Electricity are believed to be connected. Prospective buyers are advised to make all necessary independent enquiries before placing their bid, as this will be binding
Gas central heating
Brick construction under a pitched roof.
EE, O2, Vodaphone and Three are available in this location for Voice and Data.
Sky and BT are available in this location.
Standard 16 mbps, Superfast 80 mbps and Ultrafast 1000 mbps are available in this location.
Rivers and Seas: Very low. Surface Water: Low
Please be advised that room measurements are currently not available. Prospective buyers are advised to make all necessary independent enquiries before placing their bid, as this will be binding.
Leasehold. See legal pack.
961
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of £1,500 inc. VAT
The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
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 all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.
This guide includes details on the auction 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.
