Friars Wharf Apartments, Gateshead, Newcastle Upon Tyne, NE10
- PROPERTY TYPE
Apartment
- BEDROOMS
1
- BATHROOMS
1
- SIZE
Ask agent
Key features
- Apartment
- 1 Bed
- 1 Reception
- 1 Bathroom
- Energy Rating : C
- Council Tax Band A
- Furnished
- Leasehold
Description
Sold with tenant in situ with a current rental income of £625 per month, producing a 15% yield at the guide price.
Second floor apartment located in the Friars Wharf Development on the banks of the River Tyne, ideally situated close to both Gateshead and Newcastle city centres as well as good access to local transport links. This spacious, well presented accommodation includes; Entrance hall, double bedroom, bathroom/wc with shower over bath, open plan living/dining area with fitted kitchen and patio doors opening onto balcony area. The property benefits from a secure entry system, underfloor heating, triple glazed windows and allocated parking.
IMPORTANT PLEASE READ
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.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.80% of the purchase price including VAT, subject to a minimum of £6,000.00 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.
Disclaimer
Your home is at risk if you do not keep up repayments on your mortgage or other loans secured on it. MORTGAGE ADVICE It is now a legal requirement under the Estate Agents Act 1991, to establish what mortgage, if any, is required and to confirm the applicants ability to obtain this finance. If you need any help or advice over obtaining a mortgage, our mortgage department will be pleased to help and advise you on all Building Society or Bank mortgages without obligation. This service is available even if you are not buying via ourselves. Written quotations available on request. There is no charge for this service. PLEASE NOTE Please note that all sizes have been measured with an electronic measuring tape and are approximations only. Under the terms of the property miss-descriptions act we are obliged to point out that none of the services described in these particulars have been tested by ourselves. We present these details of the property in good faith and they were (truncated)
Brochures
ParticularsTenure: Leasehold You buy the right to live in a property for a fixed number of years, but the freeholder owns the land the property's built on.Read more about tenure type in our glossary page.
GROUND RENTA regular payment made by the leaseholder to the freeholder, or management company.Read more about ground rent in our glossary page.
£150 per year
ANNUAL SERVICE CHARGEA regular payment for things like building insurance, lighting, cleaning and maintenance for shared areas of an estate. They're often paid once a year, or annually.Read more about annual service charge in our glossary page.
£1649.6
LENGTH OF LEASEHow long you've bought the leasehold, or right to live in a property for.Read more about length of lease in our glossary page.
104 years left
Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
Band: A
Friars Wharf Apartments, Gateshead, Newcastle Upon Tyne, NE10
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Felling Metro Station0.7 miles
- Gateshead Stadium Tram Stop0.8 miles
- Byker Metro Station0.9 miles
About the agent
Holbrook & Co, Bishop Auckland
121 Newgate Street, Bishop Auckland, DL14 7EN
At Holbrook & Co, we understand that buying, selling and letting a property can be a stressful and daunting experience, which is why we are here to guide you every step of the way. We pride ourselves on our integrity, transparency and professionalism, and always strive to exceed our clients' expectations.
With decades of experience in the real estate industry, Holbrook & Co are committed to providing exceptional service.
Industry affiliations
Notes
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Visit our security centre to find out moreDisclaimer - Property reference BIS210086. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Holbrook & Co, Bishop Auckland. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Holbrook & Co, Bishop Auckland on 01388 311071.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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