*** AUCTION PROPERTY *** For sale by Modern Method of Auction, Starting Bid Price �51,000 plus Reservation Fee.
A purpose built TOP FLOOR FLAT with the added security benefit of being on an upper floor and enjoying open, bright and airy panoramic views. The property is on the edge of Killingworth centre, well placed for easy access to all amenities. The accommodation briefly comprises, communal entrance lobby with stairs off to upper landing, inner hallway, spacious lounge/diner, well fitted kitchen, two large bedrooms and a bathroom/WC. Externally there is parking. Ideal for potential investors, priced for immediate sale.
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 Stairs off to third floor.
Third Floor
Landing
Inner Hallway Night storage heater and entry phone.
Lounge/Dining Room 21' x 13'6" (6.4m x 4.11m). Double glazed window providing fantastic panoramic views, fitted blinds, TV point, night storage heater.
Kitchen 9'5" x 8' (2.87m x 2.44m). Range of wall and floor units, white single drainer sink unit, built in white oven, hob and extractor, work surfaces to three sides, splash tiling, double glazed window with open aspect, fitted blind, spot lights.
Bedroom One 13' x 11' (3.96m x 3.35m). Built in fitted wardrobe, double glazed window with fitted blind and electric heater.
Bedroom Two 9'7" x 9'1" (2.92m x 2.77m). A good sized second bedroom with feature wood style flooring, double glazed window with fitted blind and electric heater.
Bathroom/WC White suite comprising low level WC, wash hand basin, panelled bath with independent shower, glass splash guard, good size airing cupboard off, extractor fan.
External On street parking.
Lease & Maintenance Charges We understand the following applies
Leasehold: 125 years from 2004
Ground Rent: TBC
Service Charge: TBC
All prospective purchasers will need to verify this information with their legal advisor.
Council Tax North Tyneside Council Tax Band A
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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