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Investment Opportunity
For sale by auction is this pair of flats located in Grainger Park. Both properties are currently tenanted. The ground floor flat currently achieves £550pcm. The first floor flat currently achieves £650pcm. We have had sight of the tenancy agreements.
The property benefits from double glazing throughout.
The property is situated close to local public transport routes to and from Newcastle city centre, the MetroCentre, and easy access to the A1 and A69.
Early viewing is recommended.
Council Tax Band: A for each flat
EPC Rating: C for each flat
PRIMARY SERVICES SUPPLY
Electricity: Mains
Water: Mains
Sewerage: Mains
Heating: Gas
Broadband: ADSL
Mobile Signal Coverage Blackspot: No
Parking: On Street Parking
MINING
The North East region is famous for its rich mining heritage and therefore it will be beneficial to conduct a mining search. Confirmation should be sought from a conveyancer as to its effect on the property, if any.
TENURE
It is understood that these properties are registered as one Freehold title. Should you decide to proceed with the purchase of this property, the Tenure must be verified by your Legal Adviser.
For Sale by Auction: Thursday 30th January 2025
Option 1
Terms and Conditions apply
Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £2000+VAT (total £2400) Auction Administration Fee.
Joint Agents: The Agents Property Auction Ltd
Terms and conditions apply see website www. Agents Property Auction. Com
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