*** AUCTION PROPERTY *** For sale by Modern Method of Auction, Starting Bid Price �110,000 plus Reservation Fee.
Situated in a prime and highly favoured location just off Queen Alexandra Road, AN EXCELLENT OPPORTUNITY FOR CASH BUYERS AND INVESTORS to purchase this UPPER MAISONETTE. The property, an incomplete project, is AVAILBLE WITH NO UPWARD CHAIN and is priced for an immediate sale. Oozing potential and with the loft conversion being well advanced, the property is in need of final fix electrics, plumbing, kitchen, bathroom etc.
Offering fabulous value for money and making a nice little project for someone to complete, an internal inspection is essential to fully appreciate the location and potential on offer. The property has upvc double glazing, a replacement roof covering and the loft conversion is almost complete at a well advanced stage.
The property is for sale by The Great North Property Auction powered by iam-sold Ltd, tel: 0845 5193 126, www.gnpa.co.uk.
Auction This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer's solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance.
Non-Refundable Reservation Fee Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable reservation fee of 4.5% subject to a minimum of �6,600 INCLUDING VAT which secures the transaction and takes the property off the market.
Acknowledgement of Reservation Form The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation from and all terms and conditions can be found in the Legal Pack which can be downloaded for free from The Great North Property Auction at: http://www.gnpa.co.uk.
Please note this property is subject to an undisclosed reserve price. Terms and conditions apply to the Modern Method of Auction, which is operated by The Great North Property Auction by iam-sold Ltd.
To View or Make a Bid To arrange a viewing contact Cooke & Co Estate Agents.
To make a bid visit: http://www.gnpa.co.uk.
For more information please tel: 0845 5193126.
Ground Floor
Entrance Lobby Upvc style entrance door, stairs off to first floor.
First Floor
Landing
Office/Study Area 9'3" x 7'1" (2.82m x 2.16m). Double glazed window and radiator.
Bedroom One/Lounge 18'4" x 12'1" (5.6m x 3.68m). Large walk-in double glazed bay window, radiator.
Living Kitchen 19'9" x 15'3" (6.02m x 4.65m). Feature exposed brick fireplace with stone mantel/fire recess, two upvc style windows.
Kitchen Area
Utility Room 7'8" x 6' (2.34m x 1.83m). Central heating boiler and plumbing for washing machine.
Second Floor
Large Loft Room 20'3" x 13'6" (6.17m x 4.11m). Four Velux windows, two to front and two to rear, provide great natural lighting. This room could be split if required or alternatively could be a huge main bedroom.
Potential En Suite Off 9'3" x 6' (2.82m x 1.83m).
External Block paved to front and yard to rear.
Lease Informtion We understand the following applies
Leasehold: 999 years from 1997
Ground Rent: TBC
All prospective purchasers will need to verify this information with their legal advisor.
Council Tax North Tyneside Council Tax Band A
Agent's Notes * No Upward Chain
* Oozing Potential
* CASH BUYERS/INVESTORS ONLY
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