*** AUCTION PROPERTY *** For sale by Modern Method of Auction, Starting Bid Price £90,000 plus Reservation Fee.
NO UPPER CHAIN and FABULOUS POTENTIAL are on offer with this second floor flat that ENJOYS AN EXCELLENT LOCATION within a popular residential area. Close to LOCAL SCHOOLS, SHOPS and EXTENSIVE TRANSPORT LINKS (including the METRO), the property will suit a variety of buyers either 'to live in' or as an investment option. Representing a WONDERFUL OPPORTUNITY, this property is STRONGLY RECOMMENDED for an EARLY VIEWING.
Although requiring a full re-fit, the property itself provides spacious and versatile accommodation. From the ground floor communal hallway accessed via a door intercom system there is staircase access to the flat itself. It includes a private hallway, a combined living room/dining room to the front, kitchen, 2 bedrooms and a bathroom/WC. Externally there is resident parking in the courtyard to the rear, additional visitor parking is generally available and there is communal outside space. AN EARLY VIEWING IS STRONGLY ADVISED.
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
Communal Hallway Accessed through door intercom phone, with exit to the rear courtyard within which there is parking for residents and also there is a staircase leading to the upper floors.
Second Floor
Private Hallway Night storage heater, two storage cupboards off and door intercom phone.
Living Room 17'8" x 14'6" (5.38m x 4.42m). With an open aspect, this is an excellent all encompassing family living, dining and entertaining area with night storage heater, double doors with Juliet balcony, TV point.
Kitchen 7'11" x 7'2" (2.41m x 2.18m). Sink unit with drainer, cooker point, wall and floor units, plumbing for washing machine.
Double Bedroom One 10'11" x 9'10" (3.33m x 3m). Electric convector heater.
Bedroom Two 9'10" x 6'6" (3m x 1.98m). Electric convector heater.
Bathroom/WC 7'3" x 5'8" (2.2m x 1.73m). Bath with shower over, vanity wash basin, low level WC.
External There are communal areas outside and in addition to general visitor parking available within the area, there is a dedicated parking space within the courtyard.
Front Outlook
Rear Parking Area
Lease & Maintenance Charges We understand the following charges apply
Leasehold: 999 years from Jan 1980
Ground Rent: TBC
Service Charge: £1236.08 per annum.
All prospective purchasers will need to verify this information with their legal advisor.
Council Tax Band North Tyneside Council Tax Band B
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**
Read less
This is a Leasehold Property
