*** AUCTION PROPERTY *** For sale by Modern Method of Auction, Starting Bid Price £55,000 plus Reservation Fee.
Situated on Elsdon Terrace in North Shields a TWO BEDROOM GROUND FLOOR FLAT. Briefly comprising; entrance hall, lounge, kitchen, bathroom and two double bedrooms. There is a private yard to the rear. Gas central heating and double glazing. The flat is currently tenanted on a shorthold tenancy agreement with an annual income of £5100, expected to rise to £5700pa. To arrange a viewing call COOKE & CO. Energy Rating D.
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 4.2% subject to a minimum of £6,000 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.
Entrance Hall UPVC entrance door. Doors lead to the first bedroom and to the lounge. Radiator.
Lounge 14' x 11' (4.27m x 3.35m). Feature fireplace, radiator, double glazed window to the rear. Doors lead to the kitchen and to the second bedroom.
Kitchen 10' x 7' (3.05m x 2.13m). A modern kitchen fitted with a range of wall and base units, sink unit, integrated electric oven and gas hob, tiled walls. Door leads to the bathroom/WC. Double glazed window and door to the side.
Bedroom One 13' x 11'6" (3.96m x 3.5m). Double glazed window to the front. Radiator.
Bedroom Two 12' x 8'6" (3.66m x 2.6m). Double glazed window to the rear. Radiator.
Bathroom/WC 7'6" x 5' (2.29m x 1.52m). Fitted with a white suite comprising; panelled bath with shower above, low level WC and wash basin, tiled walls and tiled floor, radiator. Double glazed frosted window to the side.
External There is a private yard to the rear with gated access.
Map
Mortgage Advice A comprehensive mortgage planning service is available via Darren Smith of NMS Financial Limited. For a free initial consultation contact Darren on 0191 2510011.
**Your home may be repossessed if you do not keep up repayments on your mortgage**
Council Tax Band North Tyneside Council Tax Band A
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This is a Leasehold Property
