*** AUCTION PROPERTY *** For sale by Modern Method of Auction, Starting Bid Price �55,000 plus Reservation Fee.
NO UPPER CHAIN with this GREAT INVESTMENT OPPORTUNITY (the current tenant has indicated that they would be happy to stay on) that is CONVENIENTLY LOCATED for accessing LOCAL SCHOOLS and SHOPS as well as being close to EXCELLENT TRANSPORT LINKS to centres across Tyneside. An ideal BUY-TO-LIVE-IN or BUY-TO-LET choice, this lovely and versatile property is STRONGLY RECOMMENDED for an EARLY VIEWING. With gas central heating and double glazing the property includes a private ground floor entrance lobby, first floor landing, an excellent living room/kitchen, bathroom/WC with shower and two good sized bedrooms or alternatively used as living room, dining kitchen and one bedroom. Externally there is on street parking readily available and there is a small private yard to the rear. AN EARLY VIEWING IS STRONGLY ADVISED.
The property is for sale by The Great North Property Auction powered by iam-sold Ltd, tel: 0845 5193 126, www.gnpa.co.uk.
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: http://www.gnpa.co.uk.
Please 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: http://www.gnpa.co.uk.
For more information please tel: 0845 5193126.
Ground Floor
Entrance Lobby Double glazed entry door, staircase to the first floor.
First Floor
Landing Radiator and door leading to rear staircase, giving access to the private rear yard.
Living Room/Bedroom 14' x 11'2" (4.27m x 3.4m). Situated to the front of the property and including radiator, double glazed window with vertical blinds and useable as either living room or if preferred as a double bedroom.
Front Bedroom Two 10'7" x 7'8" (3.23m x 2.34m). Radiator, double glazed window with vertical blinds.
Living Room/Kitchen 15'5" x 12'7" (4.7m x 3.84m). Versatile living/dining and entertaining space situated to the rear of the property with double radiator, TV extension, stainless steel sink unit with drainer, gas cooker point, chimney style extractor hood, plumbing for washing machine, a good range of gloss wall and floor units, work surfaces, wall tiling and double glazed window with fitted blinds.
Bathroom/WC 6'6" x 5'6" (1.98m x 1.68m). Panelled bath with shower over, pedestal wash basin, low level WC, wall tiling and double glazed window.
External There is on street parking available and at the rear there is a private yard.
Lease Information We understand the following applies:
Leasehold: 999 years from 1998
All prospective purchasers will need to verify this information with their legal advisor
Council Tax North Tyneside Council Tax Band A
Auction Notes 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 winning bidder will pay �349.00 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 4.50% of the purchase price including VAT, subject to a minimum of �6,600.00 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.
Mortgage Advice A comprehensive mortgage planning service is available via Darren Smith of NMS Financial Limited. For a free initial consultation contact Darren on 0191 2510011.
**Your home may be repossessed if you do not keep up repayments on your mortgage**
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This is a Leasehold Property
