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Dunholme Road, Benwell, Newcastle upon Tyne, Tyne and Wear, NE4 6XE

Key features

  • Freehold Block of Apartments
  • 19 Studio Apartments
  • 6 One bedroom Apartments
  • 1 Two bedroomed Apartment
  • 1 Three Bedroomed Apartment

Description

For sale by Unconditional Auction Terms and Conditions.

We are delighted to bring to Auction this substantial freehold block of apartments ideally situated on the outskirts of Newcastle City Centre approximately 1.5 miles to the west of Newcastle Upon Tyne City Centre.
The property comprises a three storey purpose built block originally constructed as sheltered accommodation for Anchor Housing Association.

The property is arranged internally to provide twenty seven self contained flats comprising of 19 studio apartments, 6 one bedroom apartments, one two bedroomed apartment and one three bedroomed apartment. Having been expertly managed by Northwood Estate Agents for the current landlord we have been advised that there is potential to divide (STPP) 3 of the larger apartments into additional units.

The gross internal area extends to 1.444 square metres(15,543 square feet) or thereabouts.

Mostly let the current income is approx £180000 per annum. This will fluctuate if properties become vacant or more are let.

Externally there are gardens to the the front, side and rear, includes store rooms and a boiler room. Nine parking spaces and one integral single garage currently used as storage/workshop.

Location

The Property is located in an established residential area in
the West End of Newcastle upon Tyne approximately 1.5
miles to the west of Newcastle upon Tyne city centre.

Description

The Property comprises a three storey purpose-built block,
originally constructed as sheltered accommodation by Anchor
Housing Association. The Property is arranged internally to
provide twenty seven self-contained flats comprising 19
studio flats, 6 one-bedroomed flats, one two bedroomed flat
and one three bedroomed flat

Accommodation

The Property occupies a site extending to 0.189ha (0.467
acres) and comprises nineteen studio flats, six one
bedroomed flats, one two bedroomed flat and one three
bedroomed flat.
The individual unit sizes are:
Studio Flat: 31 sq m.
One Bedroom flat: 42 sq m.
Two bedroom Flat: 60 sq m.
Three bedroom Flat: 75 Sq m.
The gross internal area extends to 1,444 square metres
(15,543 square feet) or thereabouts.

Tenure

Freehold Title number TY20778

Auctioneers Additional Comments

Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure AML procedures are carried out in accordance with the law

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price , Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. 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.

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 equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.

Brochures

Brochure
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.
Ask agent
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Off street
GARDENA property has access to an outdoor space, which could be private or shared.
Yes
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent

Dunholme Road, Benwell, Newcastle upon Tyne, Tyne and Wear, NE4 6XE

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Disclaimer - Property reference 468375. 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 Commercial North East. 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 Commercial North East on 0191 743 9260.

*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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