*** AUCTION PROPERTY *** For sale by Modern Method of Auction, Starting Bid Price £250,000 plus Reservation Fee.
Conveniently situated in this highly favoured and sought after location on the edge of Tynemouth village, a rare opportunity to purchase a THREE STOREY END TERRACED PROPERTY. The property, formerly used as a picture framing business on the ground floor, enjoys a two storey maisonette above. There is a good sized yard to rear with off road parking. Oozing potential and suitable for a large number of different uses (subject to relevant planning) only a close internal inspection could possibly reveal the space, location and TREMENDOUS POTENTIAL ON OFFER.
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.
The 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 including VAT towards the preparation cost of the pack, where is has been provided by iamsold.
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 4.2% subject to a minimum of £6,000 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.
The property is for sale by The Great North Property Auction powered by iam-sold Ltd. To make a bid visit: http://www.gnpa.co.uk. For more information please tel: 0845 5193126.
Ground Floor
Entrance Lobby
Inner Hallway Giving access to front main shop.
Front Main Shop 27'2" x 14'10" (8.28m x 4.52m). Large picture window overlooking Kind Edward Road, a light, bright and airy space, exit to rear.
Rear Store Room 14'8" x 9'11" (4.47m x 3.02m). Upvc double glazed window, understairs storage cupboard.
First Floor
Landing
Lounge 17'3" x 12'10" (5.26m x 3.9m). Into large walk-in double glazed bay window with fitted window seat, feature fireplace, TV point, wall light point. Open plan to dining room.
Dining Room 14' x11'10" max (4.27m x3.6m max). Double glazed window.
Kitchen 9'7" x 7'2" (2.92m x 2.18m). Range of units, cooker point, double glazed window with open aspect to side, spot lights.
Bedroom One 14'2" x 6'11" (4.32m x 2.1m). Double glazed window with open aspect to front.
Separate WC Low level WC, half tiling.
Bathroom White wash hand basin, corner bath.
Second Floor
Bedroom Two 8'10" x 9'11" (2.7m x 3.02m). Velux style window.
Bedroom Three 17'1" x 12'3" (5.2m x 3.73m). Double glazed dormer style window to front with open aspect, eaves storage cupboard.
External Good sized long narrow yard to rear providing good off road parking.
Rear Parking
Agent's Note * Fantastic Location
* Suitable for a Variety of Uses
* Oozing Potential
* Ideal for Investors
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**
Council Tax North Tyneside Council Tax Band A
Location Map
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