Flat for sale in Station Road, Gosforth, Newcastle Upon Tyne NE3

For Sale by Auction: 13th December 2023, Option 1, Terms and Conditions apply.

Fantastic opportunity to purchaser these realistically priced pair of flats which are currently let generating a combined income of £16,500 per annum (awaiting sight of the tenancy agreements).

The properties:

Comprise of a two bedroom ground floor flat and a three bedroom first floor flat, both benefiting from double glazed windows and gas central heating, and externally there is a yard to the rear.

Property briefly comprises: -

70, entrance hall, two bedrooms, living room, kitchen and bathroom/wc.

72, Entrance hallway with staircase leading to the first floor, three bedrooms, living room, fitted kitchen and bathroom.

Tenure: Leasehold

125 years from September 2021 (123 years remaining)

Ground Rent: £tbc per (6 months/ annum) - Review Period: Tbc - Increase Amount: Tbc

Service Charge: £tbc per (6 months/ annum) - Review Period: Tbc - Increase Amount: Tbc

EPC Rating: C & C

Council Tax Band: A & A

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