Description

For sale by Unconditional Online Auction. A three-bedroom, duplex apartment in Newcastle.A three-bedroom, duplex apartment in Newcastle. Currently let producing £7,500 per annum. A three-bedroom, split level maisonette benefitting from its own entrance, parking and gardens. The property is located in a popular residential area of Newcastle close to Fawdon and Kingston Park, ideally situated for access too all necessary amenities and services. Within close proximity you’ll find a selection of shops and supermarkets, a number of sports and leisure facilities and excellent transport links which include convenient road/motorway links, regular bus services and the metrolink. The property itself offers spacious accommodation throughout with an entrance hallway, open plan kitchen-diner and separate lounge to the ground floor along with three bedrooms and a family bathroom to the first floor. The property is currently let and is producing £7,500 per annum which we believe could be increased, based on comparable evidence. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.Entrance hallway with storage space and stairs leading to the first floor - Open plan kitchen diner - Lounge - First floor: Two double bedrooms - One single/box room currently used for storage (not pictured) - Construction Material: System built, as built, no insulation (assumed) Broadband: Standard - 5 mbps and Superfast - 80 mbps available Mobile Phone Coverage: O2, EE, Three and Vodafone available Flood Risk: Surface Water - High Note Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding. Leasehold Information Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack. Draft Sales Details These sales details are awaiting vendor approval.Tenure: LeaseholdEPC Rating: DTerms: Auction Details: The sale of this property will take place on the stated date by way of Timed Auction and is being sold under an Unconditional sale type. Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneers fees apply: • 5% deposit (subject to a minimum of £5,000) • Buyers Fee of 4.8% of the purchase price (subject to a minimum of £4,800 inc. VAT).  The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve Price: Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.