2 Bedroom Ground Flat for Sale

Name: Jan Forster Estates
Address: 10 Front Street, Tynemouth, NE30 4RG, GB
Telephone: 0191 257 2000
Rating: 4.71

Waterville Road, North Shields

Guide Price £37,800

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Key Features

For Sale by Modern Auction
Subject to Reserve Price
Close To The Quayside
Double Glazed
The Modern Method of Auction

T & C's Apply
Buyers Fees Apply
Handy For Town Centre
Council Tax Band *A*
Viewing Esssential

Full Description

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* INVESTMENT OPPORTUNITY *

For sale by Modern Method of Auction: Starting Bid Price ?37,800 plus Reservation Fee
This property is for sale by The Great North Property Auction powered by iam-sold.

A two bedroom ground floor flat which will appeal to the property investor looking to flip the property or perhaps add it to your property portfolio.

Internally the property briefly comprises:- entrance hall, lounge/kitchen with fitted wall and floor units, two bedrooms; the generous main with a walk-in bay window, bathroom WC and externally, there is a shared rear yard.

The location of this property is without doubt extremely central and you are within close proximity to many Tyneside attractions. A fabulous variety of local amenities are within easy reach including cafes, bars and restaurants along with shops at Royal Quays Retail Park. The A1058 Coast Road is close by so you have a direct route to Newcastle City Centre. There are nearby links to public transport facilities which include prime bus routes and the Metro service.

For more information please call us on 0191 257 2000.

Tenure
The agent understands the property to be leasehold. However, this should be confirmed with a licenced legal representative.

Council Tax band *A*

Lounge/Kitchen - 4.57 x 3.82 (14'11" x 12'6") -

Main Bedroom - 4.20 x 4.32 (13'9" x 14'2") -

Bedroom Two - 3.42 x 2.52 (11'2" x 8'3") -

Auctioneer's Comments - This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of ?6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.
The buyer will also make payment of ?300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Referral Arrangements
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.
Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.