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SUMMARY
GUIDE PRICE £105,000 Two self contained apartments.
Part tenanted, investment property.


DESCRIPTION
*** AVAILABLE TO BUY NOW UNDER THE AUCTION CONDITIONS***CONTACT THE AUCTIONEERS TO MAKE AN OFFER ***

Description
A spacious, bay windowed property comprising of two self contained apartments on separate titles. The properties are located within the residential area of Benwell, lying to the west of Newcastle city centre, convenient for travelling into the city, Metro centre and the A1M for commuting further afield. Locally there are shops, bars, restaurants, schools and buses to other districts. Until recently both properties were tenanted No.134; a two bedroom flat and until recently was held on a tenancy dated from November 2021 at £525 PCM. This is now vacant and requires refurbishment & No.136; a three bedroom flat, on a tenancy dated 7th July 2022 at £450 PCM with a previous combined yield of £11,700 per annum, proving this to be an ideal investment purchase once the ground floor flat has been refurbished and relet. Both properties have gas fired central heating, UPVC double glazed windows and as both flats are on their own title, they offer the scope to sell on individually in the future.
Please Note We have not been able to carry out an internal inspection and the photos used for No.136 have been provided by the vendor prior to the tenants moving in, therefore these details are to be used for guidance purposes only. Further details on the tenancy can be found in the legal pack.

Accommodation
Vacant Flat 134
Ground Floor Entrance, Lounge, Kitchen, Two Bedrooms and Bathroom.
Tenanted Flat 136
Ground Floor Entrance & Staircase.
First Floor Lounge, Kitchen, Three Bedrooms and Bathroom Wc.
External Small Garden Area to the Front and Yard to the Rear

Tenure
Freehold Tyneside Leases

EPC Ratings
134 C & 136 D.

Council Tax Bands
134 A & 136 A.

Enquiries
W H Brown Northern Auction Centre, 38 High Street, Bawtry, South Yorkshire DN10 6JE. Tel. .

***Reduced Guide Price Now £105,000***



Important Notice
For each Lot, a contract documentation fee of £1500 inclusive of VAT is payable to the Auctioneers by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.

Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.
**PLEASE CONTACT THE AUCTIONEERS AT TO REQUEST A COPY OF THE LEGAL PACK, IF THIS IS AVAILABLE WE CAN EMAIL IT OVER TO YOU**

When setting the guide price, the auctioneers have given consideration to the seller s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, the level below which the property will not be sold , remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst the auctioneers make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.

Registration for bidding online will close the Friday before the auction sale. Please ensure you register and submit all the details and documents required in time. Without authorisation to bid prior to the sale you will be unable to bid in the auction.



1. MONEY LAUNDERING REGULATIONS Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co operation in order that there will be no delay in agreeing the sale.
2. General While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built in furniture.
4. Services Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE UK LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY."