Lot 1 - 17 Claremont South Avenue, Gateshead, Tyne And Wear, NE8 1RJ
- Unconditional Online Auction Sale
- Guide Price* : £37,000
- Ground Floor Flat
- Two Bedrooms
- Convenient position
- Investment Property - Let at £475pcm
ON BEHALF OF JOINT FIXED CHARGE RECEIVERS: Two bedroom ground floor flat Let at £475pcm.
Description
A residential investment comprising a two bedroom ground floor flat currently let on an AST at an annual equivalent rent of £5,700. The property is in need of some refurbishment.
Location
The property is located within a residential area of Gateshead, which lies south of the River Tyne. Claremont Avenue South is accessed from Coatsworth Road, which provides access to local shops, takeaways and bus routes. The Gateshead Metro station is less than 0.5mile to the north.
Tenure
The property is held by way of a Tyneside Lease with the Lease being for a term of 999 years from the 18th of December 1998 at a peppercorn ground rent. In addition, the sale will also include the freehold to the first floor flat (No 19). This will be conveyed by the Liquidators of the borrower company on a simultaneous basis and please refer to Legal Pack for full details
Accommodation
Hall, Living Room, Kitchen, Two Bedrooms and Bathroom/W.C
Outside
Rear yard.
Tenancies
The Receivers have not had sight of the tenancy agreement and the information relating to the rent has been provided by the tenant.
EPC
Energy Performance Asset Rating - D
Council Tax Band
A
Buyers Administration Fee
There will be a Buyer's Administration Fee of £2,700 (inc VAT) payable upon exchange of contracts.Additional Information
1. The information contained within the Particulars are given in good faith, but all descriptions, statements, dimensions ( these may have come from a third party source e.g. the seller, valuation reports or historic sales particulars), references to condition and permissions for the use and occupation or other details are made without responsibility and should not be relied upon as representation of fact.
2. If a video walk through, or any other form of virtual tour, is provided whilst every effort is made to accurately give an overview of the property we cannot give any warranty concerning the nature, and condition of the property and the suitability thereof for any and all activities and use. The video, or tour, is provided to assist only and without responsibility and should not be relied upon as representation of fact, or replace all appropriate due diligence a prudent purchaser would make.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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