Flat for sale in Gerald Street, Benwell, Newcastle Upon Tyne NE4
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- Investment opportunity
- Ground floor flat
- Two bedrooms
- Rear yard
- Leasehold
- 992 years remaining as at August 2024
- No ground rent or service charge
- Council Tax Band A
- EPC Rating C
Property description
Investment Opportunity
For sale by auction as an investment opportunity is this ground floor flat located in Benwell. The accommodation briefly comprises of entrance lobby, entrance hall, living room, kitchen, two bedrooms and bathroom. Externally there is a yard to the rear. The property benefits from double glazing throughout.
The property is currently tenanted, achieving an income of £580pm (£6,960 per annum), we have had sight of the tenancy agreement. The tenant has verbally advised that they have been here since 2012 and wish to remain.
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
EPC Rating: C
Primary services supply
Electricity: Mains
Water: Mains
Sewerage: Mains
Heating: Gas
Broadband: Fibre
Mobile Signal Coverage Blackspot: No
Parking: On Street Parking
Mining
It is not known if the property is situated on a coalfield. It is also not known if the property has been directly impacted by the effect of other mining activity. The North East region is famous for its rich mining heritage and confirmation should be sought from a conveyancer as to its effect on the property, if any.
Tenure
It is understood that this property is leasehold. Should you decide to proceed with the purchase of this property, the Tenure and associated details and costs must be verified by your Legal Advisor before you expend costs.
Length of Lease: 992 years remaining as at August 2024
No ground rent or service charge.
For Sale by Auction: Monday 30th September 2024
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
Entrance Lobby
Entrance Hallway
Built in understair cupboard.
Bedroom One (17' 0'' x 13' 10'' into bay (5.18m x 4.21m))
Double glazed bay window to the front. Radiator.
Bedroom Two (10' 8'' x 8' 2'' (3.25m x 2.49m))
Double glazed window to the rear. Radiator.
Lounge (14' 3'' x 10' 10'' (4.34m x 3.30m))
Double glazed window to the rear. Radiator.
Kitchen (12' 0'' x 7' 0'' (3.65m x 2.13m))
Double glazed window. Sink/drainer. Plumbed for washing machine. Electric cooker point. Radiator. Door to the rear.
Bathroom
Double glazed window. Bath with shower over. Pedestal wash hand basin. Low level WC. Radiator.
External
Yard to the rear.
Property info
For more information about this property, please contact
Rook Matthews Sayer - Fenham, NE4 on +44 191 244 9154 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Rook Matthews Sayer - Fenham, and do not constitute property particulars. Please contact Rook Matthews Sayer - Fenham for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.