*** AUCTION ENDING - 26th April at 1pm ***
This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction.

A RARE OPPORTUNITY to acquire a PARCEL OF LAND (Title Numbers: TY363436 and TY286725) with the potential to develop to a variety of possible options (subject to planning permission) that is situated in a GREAT LOCATION for accessing the A1, the DERWENT VALLEY and BUSINESS CENTRES across Tyneside.
Previously PLANNING PERMISSION was granted in 2014 (Ref: DC/14/00173/FUL) for the erection of a 4 STOREY APARTMENT BLOCK comprising of 8 x 2 BEDROOM APARTMENTS. This permission could be re-visited or alternatively different options could be put forward to Gateshead Council for consideration.
With there being a shortage of general supply of property within the wider area, this is a GREAT OPPORTUNITY.
(PLEASE NOTE THAT FURTHER INFORMATION REGARDING LOCATION AND TITLE ARE AVAILABLE VIA THE AUCTION PACK WHICH IS AVAILABLE FROM IAMSOLD LTD).

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: 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: www.gnpa.co.uk



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