Lot 11 - 146 and 148 Hugh Gardens, Newcastle upon Tyne, Tyne and Wear, NE4 8PQ

  • Unconditional Online Auction Sale
  • Guide Price* : £60,000

Addendum

Please note that the flat at 146 Hugh Gardens is now vacant.

  • Mid terraced arranged as 2 self contained two bedroom flats
  • Investment property
  • Part let at rent of £4,740 with potential to rise to £9,480

A mid terrace property arranged as 2 self contained two bedroom flats one let at £4,740 pa, with the potential to produce a combined annual equivalent income of £9,480 if the vacant unit is let at £395 per month.

Description

A residential investment comprising a two storey mid terrace arranged as 2 self contained two bedroom flats, one currently let and one vacant, with the potential to produce a combined annual equivalent income of £9,480 if the vacant unit is let at £395 per month.

Location

Hugh Gardens can be accessed from the B1305 via Armstrong Road and is situated in a residential area close to local schools and a short walk away from Benwell Nature Park. Local amenities are available nearby.

Accommodation

Ground Floor: Flat One - Living Room, Kitchen, Two Bedrooms and Bathroom
First Floor: Flat Two - Living Room, Kitchen, Two Bedrooms and Bathroom

Tenancies

148 Hugh Gardens let on an Assured Shorthold Tenancy at a rent of £395pcm.
146 Hugh Gardens is vacant.

EPC

Energy Asset Rating is D

Buyers Administration Fee

There will be a Buyer's Administration Fee of £1920 (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.

3. The pictures were provided by the Seller and taken before the tenants moved in.

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. 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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Sold for £63,000

This auction is now closed.

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Vendors Solicitor

Ryan Morgan - HSR Law
01427 613831

Important Documents

Agreement Documents

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