Lot 1 - Apartment 208 Park Tower, 1 Park Road, Hartlepool, Cleveland, TS24 7PT

  • Unconditional Online Auction Sale
  • Guide Price* : £32,000
  • Residential Investment
  • 1 bed apartment
  • Let at an annual equivalent income of £4,200

Residential investment comprising a two bedroom second floor apartment let at an annual equivalent income of £4,200

Description

*VIDEO TOUR AVAILABLE ON REQUEST* The property comprises a two bedroom second floor apartment that is being sold subject to a tenancy and is let at £350 per month.

Location

Town centre location, opposite the Middleton Grange Shopping Centre and near to the junction of Park Road and the A689. Transport links are convenient with local bus routes running along Park Road and Hartlepool railway station is within 0.5 mile.

Tenure

Leasehold for 125 years from 1st January 2005 at an initial ground rent of £100 per annum and subject to 10 yearly index linked rent reviews(Currently £135.60) and service charge of £1,397.13.

Accommodation

Open plan lounge/diner into the kitchen, two bedrooms and bathroom.

Outside

Allocated parking.

Tenancies

Statutory periodic tenancy following expiry of an AST granted for 6 months from 27th September 2019 at a rent of £350 per month.

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. Completion is 14 Business Days.

* 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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