Property for sale in Dean Road, South Shields NE33

For sale by auction.
A pair of one bedroom flats situated within a mid-terrace building at Dean Road, South Shields, Tyne & Wear. The properties are currenlty let on an Assured Shorthold Tenancy Agreements for £425pcm per flat producing a gross annual income of £10,200 per annum.

Auctioneer Comments

This property is for sale by Traditional Auction. The buyer and seller must Exchange immediately, and Complete 28 days thereafter. Interested parties personal data will be shared with the Auctioneer (iamsold).

The buyer pays a non-refundable deposit of 10% of the purchase price upon exchange.

A Buyer Information Pack is provided. The buyer will pay £300.00 including VAT for this pack which you must view before bidding.

The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.

Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional

Material Information

Council tax: Band A (Both Flats)
price: Starting Bid £55,000
tenure: Long Leasehold
property type: Pair of Terrace Flats.
Construction: Traditional
building works outstanding: None
rights and restrictions:
Parking: On Street Only.
Flood risk level: Zone 1
planning permissions and development proposals:
Property accessibility and adaptions: None
mining area: Yes.

Location

The property is located on Dean Street in South Shields, Tyne & Wear. South Shields is a sizeable town situated on the North East Coast of England on the south banks of the River Tyne. Dean Street is a secondary retail and residential location approximately one mile south of the main town centre.

Description

The property is a two storey, three floor period mid-terrace. The ground floor is a retail unit. This is not included in the sale. Above there is a one bedroom first floor flat and a one bedroom second floor flat. Both flats are let on Assured Shorthold Tenancies for £425 pcm producing annual rent of £10,200 per annum.

Accomodation

Communal entrance, stairs and landings to the first and second floors. External stairs to rear.

First Floor Flat

Entrance Lobby.
Bedroom 2m x 4.2m
Lounge 4.1m x 4.2m
Bathroom/WC 2.8m x 1.5m
Kitchen 2.7m x 3.9m

Top Floor Flat

Entrance Lobby.
Bedroom 2.3m x 4.4m
Lounge 3.6m x 4.4m
Bathroom/WC 2.2m x 1.3m
Kitchen 4m x 3m
note: Restricted head room to the lounge, kitchen and bedroom.

External

External stairwell. Shared yard to rear.

Tenure

Freehold.

Council Tax Band

Energy Performance Certificate

The first floor flat currently has a rating of C(70).

The top floor flat currently has a rating of D(68).

Final Bids

Final bids are required before 12 Noon on Friday 24th May 2024.