Residential Development for sale68 Derwent Street, Blackhill, Consett, DH8 8LZ
Offers in Excess of
1 sq. m.
- 10 sq ft (1 sq m)
- Investment Opportunity
- Three Flats
- 3 Storey Mid Terrace
- Large Rear Yard
To be sold by auction on 30th August 2016. Auction to be held at Kingston Park Rugby Ground at 5pm. Property sold under unconditional auction terms and conditions.
Pattinsons are delighted to welcome to the market this investment opportunity. The property is a 3 storey mid terrace brick built former bank building, comprising of three flats with a potential rental income of £15,000 per annum.
The subject property is located on Derwent Street, Consett, DH8 8LZ. This area is primarily made up of residential properties, however Consett town centre is provided with a high number of different services and facilities. The area is provided with a number of different access routes, linking the area to both the A1 and Newcastle City Centre approximately 15 miles North East.
The lot comprises the following; A basement garden flat comprising, open plan kitchen/lounge, house shower room and one double bedroom with own entrance and use of garden area. On the ground level there is a spacious 1 bedroom ground floor flat, with large kitchen/diner, lounge with french door access to a useful decked patio to the rear, one double bedroom and house shower room. To the first floor flat you find three bedrooms, house bathroom, separate w/c cloakroom, spacious lounge with original fireplace and large dining kitchen. Externally the property offers a large rear area which provides off street parking for 2 vehicles. The whole property has been extensively refurbished throughout including damp proofing, new electrics, new plumbing, heating systems and full insulation and also has separate water and electric meters for each flat.
Available upon request.
Unless otherwise stated, all stated figures are expressed exclusive of VAT. We await confirmation that VAT is payable on this transaction.
The subject property is offered on unconditional sale terms. This means that the successful bidder will be required to exchange contracts on the day together with the submission of a 10% deposit subject to a minimum of three thousand six hundred pounds. Completion will thereafter take place no more than 28 days later. Interested parties should ensure they have satisfied themselves of all queries prior to auction as all acceptable bids are legally binding. As well as the 10% deposit any successful bidder would have to pay (six hundred and fifty pounds plus VAT) admin charge on any auction purchase. Bidders should be aware that additional costs may be due within the special conditions of sale, if provided by the sellers solicitor. You should check this before bidding.
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