*** AUCTION PROPERTY *** For sale by Modern Method of Auction, Starting Bid Price £90,000 plus Reservation Fee.
Ideal opportunity for developer/investor, to purchase A PAIR OF FLATS, having benefitted from a large two storey extension to the rear and being priced to allow for modernisation/refurbishment throughout. In an ideal and sought after location, these two flats are oozing potential.
On the ground floor there is a two bedroom flat with large lounge and spacious dining kitchen. The first floor flat offers similar accommodation, with a large lounge and spacious, larger style dining kitchen and two bedrooms. Externally there is off road parking and gardens.
A rare opportunity providing a great opportunity for someone wishing to add potentially two nice flats to their portfolio.
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.
The Property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where is has been provided by iamsold.
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.
The property is for sale by The Great North Property Auction powered by iam-sold Ltd. To make a bid visit: http://www.gnpa.co.uk. For more information please tel: 0845 5193126.
GROUND FLOOR FLAT NO 4
Entrance Lobby
Lounge 18'8" x 10'11" (5.7m x 3.33m). Double glazed bay window to front, feature fire recess, TV point, radiator.
Dining Kitchen 17' x 8'10" min (5.18m x 2.7m min). Range of units, stainless steel sink unit, plumbing for washing machine, double glazed window, exit to rear lobby.
Bathroom/WC Coloured low level WC, wash hand basin, panelled bath with shower attachment, splash tiling, double glazed window.
Bedroom One 11'6" x 9'8" (3.5m x 2.95m). Double glazed window, built in wardrobe.
Bedroom Two 8' x 8' (2.44m x 2.44m). Double glazed window.
Agent's Notes * Priced For Full Refurbishment
* Ideal For Investor/Buy To Let
* New Replacement Boiler (fitted in last 12 months)
Council Tax North Tyneside Council Tax Band A
FIRST FLOOR FLAT NO 2
Landing Radiator, wall light point and ladder access into .....
Loft Storage Area benefitting from boarding, lighting and double glazed Velux window for excellent natural light.
Living Room 18'9" x 11'2" (5.72m x 3.4m). Situated to the front of the property and including double radiator, double glazed bay window (with vertical blinds), coved ceiling, picture rail and a coal effect electric fire set to a fireplace surround with display cabinet to side (storage beneath).
Dining Kitchen 16'8" x 11'11" max (5.08m x 3.63m max). Double radiator, one and a half stainless steel sink unit with drainer, fitted four ring gas hob unit with extractor hood over, built-in oven, plumbing for washing machine, a range of wall and floor units, work surfaces, wall tiling, double glazed window (with vertical blinds), two sets of spot lights to ceiling, combi central heating boiler, TV extension and divide unit to Dining Area.
Dining Area
Inner Lobby Shelved recess.
Shower Room/WC 7'10" x 7'2" (2.4m x 2.18m). Chrome heated towel rail, shower cubicle (with mains fed shower unit), vanity wash basin with storage beneath, low level WC, coved ceiling, extractor fan, wall tiling, cluster of spotlights to ceiling and double glazed window.
Front Double Bedroom One 10'7" (3.23m) x 9' (2.74m) plus wardrobes. Radiator, coved ceiling, double glazed window (with vertical blinds) and full height wall-to-wall wardrobing to one side.
Rear Bedroom Two 10' (3.05m) plus recess x 7'6" (2.29m). Radiator, double glazed window, built-in full height wardrobing together with large storage recess over stairs.
External To the front of the property there is driveway parking and to the rear there is a grassed garden area included.
Council Tax North Tyneside Council Tax Band A
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**
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