*** AUCTION PROPERTY *** For sale by Modern Method of Auction, Starting Bid Price £40,000 plus Reservation Fee.
A two bedroom FIRST FLOOR FLAT, conveniently situated on the High Street in the heart of the town centre. The accommodation enjoys a large main reception room, modern well fitted kitchen and two good size bedrooms with a larger bathroom, there is also a yard to the rear. The property benefits from gas central heating and double glazing.
There is currently in situ paying £436 per calendar month on an Assured Shorthold Tenancy. Ideal for investors looking for income generation, an internal viewing is strongly recommended.
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 FEE 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
Lounge 15'4" x 12'3" (4.67m x 3.73m). Double glazed window, built in cupboard, TV point, picture rail.
Kitchen 10'2" x 6'8" (3.1m x 2.03m). Recently refurbished kitchen with wall and floor units, stainless steel single drainer sink unit, double glazed windows to two sides, built in cupboard, radiator, exit to rear yard.
Bedroom One 10'3" x 8'4" (3.12m x 2.54m). Double glazed window.
Bedroom Two 16'3" x 12'7" (4.95m x 3.84m). Double glazed window, radiator.
Bathroom/WC White suite comprising low level WC, pedestal wash hand basin, panelled bath, radiator.
External Yard to rear.
Agent's Notes * Ideal For Investor
* Great Opportunity
* Current Tenant Happy to Stay
Lease Details Lease Details to be confirmed
All prospective purchasers will need to verify this information with their legal advisor.
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**
Location Map
Energy Performance Certificate EPC Rating E
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