Close, Newcastle Upon Tyne, NE1

FOR SALE BY AUCTION

Introducing this two-bedroom first-floor flat, brimming with potential. Conveniently perched along the renowned Newcastle Quayside, The Close is situated within easy reach of popular bars, restaurants, local amenities, transport links, universities, and more. The property also comes with a sitting tenant until early 2024, making it an ideal investment opportunity.

DESCRIPTION
The accommodation is accessed through a secure communal entrance with both lift and stair access to all floors. Positioned on the first floor, the front door opens into the spacious open-plan kitchen, living, and dining area. The kitchen area is finished with a range of white gloss wall and base units with complementary work surfaces, including a practical breakfasting bar and integrated appliances comprising; an oven, an electric hob with a hood over, a microwave, and a fridge-freezer. An expansive skylight allows an abundance of natural light to flow through the open-plan living space.

There are two generously sized bedrooms and a bathroom with a shower over the bath, a hand wash basin, and a WC. A separate storage cupboard completes the accommodation.
An added highlight is the resident parking, which is a sought-after amenity along the Quayside.

LOCATION
Situated in the desirable Quayside Lofts, on Newcastle’s vibrant Quayside, the Close is the perfect location for young professionals or city workers to call home, providing a wealth of entertainment from both the Quayside and Newcastle City Centre.

This apartment is within striking distance of Newcastle’s abundance of offices, universities, and amenities, including the BALTIC Contemporary Centre of Art, shops, restaurants, and bars. There are excellent transport and road links offering easy accessibility to Jesmond, Gosforth, Gateshead’s Metrocentre, and the A1, as well as Newcastle Train Station, just a short 5-minute walk away, with direct lines both North and South.

SERVICES
Mains drainage and water are connected. Electric heating and double glazing throughout.

TENURE
Leasehold - 125 years from 1 January 2005
Ground Rent: £300 p/a l Service Charge: £1000p/a
(figures provided by homeowner, please review auction

COUNCIL TAX BAND
Newcastle Upon Tyne - D

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender 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.