Hanover Mill, Hanover Street, Newcastle Upon Tyne, NE1

FOR SALE BY AUCTION

An opportunity to acquire this two bedroom flat boasting an open-plan layout, resident parking and plentiful of potential, situated on Newcastle’s Iconic Quayside. The property would make an ideal purchase for investors, first time buyers and young professionals alike.


As you enter through the front door, you'll step into a spacious hallway leading into the living area. This area includes a generously sized open-plan kitchen, dining, and living room. The kitchen is equipped with a variety of wall and base units, along with integrated appliances such as a dishwasher, oven, 4-ring hob, and hood. There are two bedrooms, one of which has its own en suite shower room. The accommodation is completed by a bathroom featuring a toilet, handwash basin, and a bath with a shower overhead.

The apartment is accessed from Hanover Street and offers a secure communal entrance with an intercom system. Stairs and an elevator provide access to all floors. Additionally, the apartment comes with resident parking.

The property presents an ideal investment opportunity, as it currently has a tenant in place until June 2024.

LOCATION
Situated in the desirable Hanover Mill, on Newcastle’s vibrant Quayside, this development is situated in a 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 water, electricity and drainage are connected. Double glazing throughout.

COUNCIL TAX BAND
Newcastle Upon Tyne - D

TENURE
Leasehold -125 years from 27 November 2006
Service Charge - £3000 p/a l Ground Rent - £389p/a


*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.
A Buyer Information Pack is provided. The buyer will pay £300.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.20% of the purchase price including VAT, subject to a minimum of £6,000.00 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.*