27 Coast Road, Wallsend, Tyne And Wear, NE28 8DA
- PROPERTY TYPE
Apartment
- BEDROOMS
3
- SIZE
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Description
For sale by unconditional online auction, registration is now open. Bidding opens on 30/05/2024 10:00 and ends on 30/05/2024 12:15.
For sale by online auction on 30 May 2024
Bidding opens at 10:00am and closes from 12:00 noon
Turn Key Investment
£8,100 per annum - 10.12% yield of the guide price
FIRST FLOOR FLAT
3 BEDROOMS
OPEN PLAN LIVING KITCHEN
PRIVATE REAR GARDEN
Town & Country Property Auctions are pleased to present this fantastic first floor, three-bedroom flat located on Coast Road in Wallsend. The property is conveniently positioned for access to both the City Centre and the Coast. This is a fantastic turn key investment opportunity, with tenants paying £675 pcm (£8,100 pa), generating a brilliant yield of 10.12% against the guide price. The tenancy expires on 15th March 2024.
Accommodation comprises: entrance hall, open plan living kitchen, three bedrooms and a family bathroom/WC. Additional benefits include gas central heating and double glazing. Externally, there is a private garden to the rear.
Leasehold Information:
Length of lease - 125 years from 7 November 1983
For ground rent and service charges, please see the legal pack.
Disclaimer:
Material information will be provided within the legal pack- to download this register your interest at tcpa.co.uk.
Tenure
Leasehold
Terms
Legal Pack
To review the legal documents and to view the auction information click on the buttons at the bottom of this advert or visit our website tcpa.co.uk
UNCONDITIONAL LOT Exchange and administration fee information: (plus fees)
Buyers Administration Fee Applies upon the fall of the hammer, the Purchaser shall pay a 10% deposit (subject to minimum of £5,000, whichever is the greater) and a Buyers Administration Fee of £1200 + VAT and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated in the legal pack or on the sales details).
In addition to the purchase price, buyers may be required to pay additional fees, costs and charges - please refer to the legal pack.
Registration Process
To register to bid on the property, find the property on the Town & Country Property Auctions website. Click onto the property, follow the link to “Log in/ register to bid”. You will then be directed to create an auction passport account with our online-bidding platform provider Essential Information Group.
Brochures
Legal DocumentsOnline BiddingTenure: 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.
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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.
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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.
84 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
27 Coast Road, Wallsend, Tyne And Wear, NE28 8DA
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Wallsend Metro Station0.7 miles
- Walkergate Metro Station1.2 miles
- Chillingham Road Metro Station1.4 miles
About the agent
Town and Country Property Auctions, London
Dixcart House Addlestone, KT15 2LU
Town & Country Property Auctions London is part of the nationwide Town & Country Property Auctions group. Our professional and enthusiastic approach, and with longstanding contacts, makes us leaders within the industry.
Our dedicated team of experts, with years of auction experience, provides unrivalled service in all aspects of sales and marketing on all auction properties.
Providing high levels of professional advice and customer service, to sellers and buyers alike, our expandi
Industry affiliations
Notes
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Visit our security centre to find out moreDisclaimer - Property reference 242936. 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 Town and Country Property Auctions, London. 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 Town and Country Property Auctions, London on 01932 548500.
*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.”
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