2 bed flat for sale

Green Lane, Gateshead NE10

Summary

*** for sale via online auction - fees apply ***

We are delighted to welcome to the market this modern two bedroom, third floor apartment located in the popular Friars Wharf Apartments, Gateshead. Tenanted investment generating a rental income of 850pcm.

Ideally located next to the beautiful River Tyne with a short walk to Newcastle City Centre, the property has fantastic transport links, local amenities, shops and schools.

Briefly comprising: Entrance hallway, open plan lounge/diner and kitchen, bathroom, double bedroom and master bedroom. Underfloor heating throughout the apartment and triple glazed windows offer cost effective and modern living. Also benefitting from secure entry system, CCTV and an allocated parking bay!

Council Tax Band: B
Tenure: Leasehold
Length of Lease: 113
Annual Ground Rent Amount: 150.00
Annual Service Charge Amount: 3,084.00

Entrance / Hallway

Communal entrance with CCTV
Inside apartment - laminate flooring, under floor heating system

Lounge/Kitchen (4.83m x 5.42m)

Lounge: Triple glazed rear aspect window, double glazed door leading to balcony, laminate flooring, under floor heating

Lounge/Kitchen Additional Photo

Kitchen: Laminate flooring, under floor heating, wall and base storage units, integrated electric cooker and hob with extractor hood, contrasting roll top work surfaces, roll top splash back 1 1/2 sink unit with drainer and double tap, plumbing for dish washer, integrated dishwasher, integrated fridge freezer.

Balcony

Larger balcony over looking river and local wildlife

Bedroom One (4.41m x 2.83m)

Triple glazed rear aspect windows, carpet, under floor heating

Bedroom Two (3.2m x 2.9m)

Triple glazed rear aspect windows, carpet, under floor heating

Bathroom

Low level w/c, bath with shower over, pedestal wash hand basin, tiled flooring, part tiled walls, under floor heating system.

Auctioneers Additional Comments

Pattinson Auction are referred to as The Auctioneer. This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer. The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change. An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.