FOR SALE BY AUCTION - GUIDE PRICE 180K. CALLING ALL INVESTORS
This is a unique opportunity to purchase this three story Mid Terrace property which comprises of FOUR SELF CONTAINED FLATS each responsible for their own utility bills and each flat having their own central heating boiler supplying domestic hot water and heating supply.
Flat One comprises of a lounge, kitchenette, bathroom/W.C and bedroom. Currently tenanted with a rental income of £340 PCM
Flat Two - Entry was not permitted before the commencement of marketing. Currently tenanted with a rental income of £340 PCM
Flat Three - Lounge, kitchen, bedroom and bathroom/W.C Currently tenanted with a rental income of £350 PCM
Flat Four - Lounge, kitchen, bedroom and bathroom/W.C Currently tenanted with a rental income of £340 PCM
Externally there is a front garden and rear yard with roller shutter door.
Comunal Entrance Hall having with laminate effect flooring and staircase that leads to the first floor
Flat 1 Lounge/Kitchenette 5.2x5.4. having with cherry wood laminate effect flooring, beech effect wall and base kitchen with contrasting work surface, electric hob, electric oven, plumming for automatic washing machine and space for fridge freezer, electric fire set in wood effect surround, double glazed bay window and two radiators
Bedroom 3.3x4.5. with a built in cupboard, laminate wood effect flooring, double glazed window and radiator.
Bathroom with a panel bath, low level w/c, pedestal wash hand basin, tiled walls, radiator and window
Flat 3 Lounge 4.7x4.3. having with 2 double glazed windows, radiator, laminate wood effect flooring and electric fire.
Kitchen having a range of wall and base units, with stainless steel sink unit, plumming for automatic washing machine, electric hob, electric oven, extractor, radiator and breakfast bar area
Bedroom 3.0x4.5. having with a built in cupboard which houses the gas central heating boiler, double glazed window, radiator and laminate wood effect flooring.
Bathroom accessed via the bedroom, panel bath, low level w/c, pedistal wash hand basin, partially tiled, extractor, and vionel flooring.
Flat 4 Lounge 4.6x4.5.
Kitchen 2.5x2.1. (Mininum measurements) range of base units incorporative with sink unit.
Bathroom having with panel bath, low level w/c, pedistal wash hand basin and radiator.
Exterior there is a front garden and rear yard with roller shutter door.
N.B AUCTION TERMS 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. 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 Part Payment Deposit of 3.5% to a minimum of £6,000.00 which secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. 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 Buyer Information Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by Great North Property Auction powered by iam-sold Ltd.
Your home is at risk if you do not keep up repayments on your mortgage or other loans secured on it. MORTGAGE ADVICE It is now a legal requirement under the Estate Agents Act 1991, to establish what mortgage, if any, is required and to confirm the applicants ability to obtain this finance. If you need any help or advice over obtaining a mortgage, our mortgage department will be pleased to help and advise you on all Building Society or Bank mortgages without obligation. This service is available even if you are not buying via ourselves. Written quotations available on request. There is no charge for this service. PLEASE NOTE Please note that all sizes have been measured with an electronic measuring tape and are approximations only. Under the terms of the property misdescriptions act we are obliged to point out that none of the services described in these particulars have been tested by ourselves. We present these details of the property in good faith and they were accurate at the time at which we inspected the property. These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of presentation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property. VIEWING ARRANGEMENTS To arrange an appointment to view this property, please contact us on 0191 5124940. Our opening hours are Monday to Friday 9.00a.m. to 5.00p.m., Saturday 9.00a.m. to 12.00p.m.