Mandale Road, Thornaby, Stockton-on-Tees, Durham, TS17 6AD
- SIZE
128 sq ft
12 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
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Key features
- Student accommodation room
- Classic en-suite room style
- Potential income £5,460 to £5,820pa
- Communal kitchen and gardens
- Popular location
- Long leasehold (250y from 2016)
Description
We are pleased to offer to auction a student accommodation room, set within a substantial building block (3-5) of 22 rooms, situated in the popular area of Thornaby, Stockton-On-Tees.
We are advised that all rooms are easily rented out with no void periods due to the locality, with the building being directly next to Thornaby train station. The current rent achievable on this room is from 105pw-112pw (£455-485pcm). This 'classic' style room comprises of a bed and en-suite with a communal kitchen and gardens. We are advised the building benefits from electricity only (no gas).
Please note we have not inspected this property.
Location
The subject property is located along Mandale Road, in the popular area of Thornaby, Stockton-On-Tees, directly next to Thornaby train station.
Lease Details
The rent achievable PCM is £485. This room has 250 years left on the lease which commenced 30th September 2016. The ground rent is payable to Premier Ground Rents which the current vendor pays quarterly at an agreed amount of £145.62. On top of this the building has a service charge of £3030 for the year, the vendors owe £1,514.76 since 28th March.
Tenure
Long leasehold of 250 years commencing on 30 September 2016. Title number CE231784.
We are advised that the ground rent is payable to Premier Ground Rents, which the current vendor pays quarterly at an agreed amount of £145.62. The building also has a service charge of £3,030 for the year, and we are advised that the current owner owes £1,514.76 since 28th March 2023. Please refer to the legal pack for further information.
EPC
Available upon request (rating E).
Additional Information
For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.
Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
Brochures
BrochureCouncil 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.
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Mandale Road, Thornaby, Stockton-on-Tees, Durham, TS17 6AD
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Thornaby Station0.2 miles
- Stockton Station1.1 miles
- Eaglescliffe Station2.7 miles
About the agent
Pattinsons, Pattinsons Auction- National Auctioneer
Mercantile House Silverlink, Wallsend, NE28 9NY
Notes
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Visit our security centre to find out moreDisclaimer - Property reference 432761. 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 Pattinsons, Pattinsons Auction- National Auctioneer. 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 Pattinsons, Pattinsons Auction- National Auctioneer on 0191 625 0964.
*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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