2 bedroom property for sale
Coast Road, Wallsend, NE28
- BEDROOMS
2
- BATHROOMS
1
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Auction Property
- Ground Floor Commercial Shop Unit
- Two Bedroom First Floor Flat
- Ideal For Investor
- Both Properties Have Tenants in Situ
- Freehold
- Council Tax Band A - Flat
- EPC Rating C - Shop
- EPC Rating D - Flat
Description
A rare opportunity to purchase a spacious ground floor commercial unit and superb two bedroom flat above with single garage to rear. Both properties are currently let and this is an IDEAL OPPORTUNITY FOR AN INVESTOR looking for a long term return. On the ground floor there is Paul's Hairdressers, a long term tenant, recently signed up to a new lease (a copy available upon request). The main features include a generous front main hir salon (24'6" x 15'6") with rear kitchen area and separate WC and access to yard. On the first floor there is a spacious two bedroom flat with modern kitchen and bathroom fittings. Tremendous opportunity available.
The current rental income for the shop is £550 per month and £52 per month for the garage. The flat is £530 per month.
The property is for sale by The Great North Property Auction powered by iam-sold Ltd, tel: ,
AUCTION
This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer's solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance.
NON-REFUNDABLE RESERVATION FEE
Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable reservation fee of 4.5% subject to a minimum of £6,600 INCLUDING VAT which secures the transaction and takes the property off the market.
ACKNOWLEDGEMENT OF RESERVATION FORM
The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation from and all terms and conditions can be found in the Legal Pack which can be downloaded for free from The Great North Property Auction at: note this property is subject to an undisclosed reserve price. Terms and conditions apply to the Modern Method of Auction, which is operated by The Great North Property Auction by iam-sold Ltd.
TO VIEW OR MAKE A BID
To arrange a viewing contact Cooke & Co Estate Agents. To make a bid visit: more information please tel: .
NO 9 GROUND FLOOR
Hairdressing Salon
7.47m x 4.72m
Beautifully fitted out hairdressers salon.
Additional Salon Photo
Additional Salon Photo
Rear Room/Kitchen
5.8m x 1.6m
Separate WC
Low level WC.
Rear Access
External
Shared yard to rear.
NO 9A FIRST FLOOR FLAT
Entrance Lobby
Stairs off to first floor.
Landing
Lounge
4.88m x 3.56m
Situated to the front of the property with double glazed window, fitted blind, TV point.
Kitchen
3.25m x 3.1m
Good size square kitchen with range of wall and floor units, stainless steel single drainer sink unit, built in stainless steel oven and extractor, central beating boiler, double glazed window, radiator.
Front Bedroom One
3.05m x 2.18m
Double glazed window, cornicing, radiator.
Rear Bedroom Two
4.57m x 4.27m
Large double bedroom with TV point, double glazed window, radiator.
Bathroom/WC
Low level WC, pedestal wash hand basin, panelled bath, splash tiling, shower attachment, double glazed window with roller blind.
External
Shared yard to rear. Single garage.
Tenure
Freehold
Council Tax
Shop - Council Tax Band TBC Flat - Council Tax Band A
Location Map
Energy Performance Certificate
EPC Rating D
Brochures
Particulars- 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.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- 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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Coast Road, Wallsend, NE28
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Visit our security centre to find out moreDisclaimer - Property reference CCS250592. 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 Cooke & Co, Whitley Bay. 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 Cooke & Co, Whitley Bay on 0191 625 0863.
*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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