2 bedroom flat for saleFlat 5, Ouseburn Wharf, St Lawrence Road, Newcastle upon Tyne, Tyne and Wear
- For sale by auction
- Investment Flat
- Bedrooms: 2
Lot 208 - This lot is for sale by auction as lot 208 on 15th December 2016.
A Leasehold Self-Contained Purpose Built Second Floor Flat with allocated car parking space subject to an Assured Shorthold Tenancy
Long Leasehold. The property is held on a lease comencing on 25th October 2006 and expiring on 31st December 2256 (thus having approximately 240 years unexpired) at a current ground rent of £200 per annum.
The property is located on St Lawrence Road close to its junction with Hawick Close. Local amenities are available. The extensive facilities of Newcastle city centre are to the east. Rail services run from Manors Rail Station approximately 1 mile to the west. The A186 provides access to the A167 and in turn to the A1. The open spaces of St Anthony's Park are close by. Newcastle University is to the north-west.
The property comprises a self-contained second floor flat situated within a purpose built building arranged over ground and five upper floors. The property benefits from an allocated car parking space. The sale will include the furniture.
The property was not internally inspected by Allsop. The following information was provided by the Vendor. We understand that the property providesTwo Bedroom Accommodation
The property is subject to an Assured Shorthold Tenancy for a term of 12 months from 8th November 2016 at a current rent of £675 pcm.
The property will be open for viewing on Thursday 1st December between 1.30 - 2.00 p.m. Thursday 8th December between 2.45 - 3.15 p.m. and Tuesday 13th December between 9.45 - 10.15 a.m. These are open viewing times with no need to register. (Ref MW).
Current Rent Reserved £8,100 per annum (equivalent)
Guide Prices. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller might be prepared to sell on the date on which the guide price, or range of prices, is published. The reserve price is the minimum price at which the property can be sold. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. All guide prices are quoted 'subject to contract'. The latest published guide price, or range of prices, are displayed on our website. The latest published guide, or range of prices, will normally be at or above any reserve price. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any lot may exceed the previously quoted guide price - as the seller may fix the final reserve price just before bidding commences. If a guide price is listed as 'TBA', it means that there is no guide price at present - please do not call our office. The guide price, or range of prices, will be published online immediately it becomes available at www.auction.co.uk. Please check regularly for updates. Lots may be sold or withdrawn prior to auction.
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*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.
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 Allsop , Auction on 0207 494 3686.
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