FOR SALE BY ONLINE AUCTION ENDING 14TH MAY 2025. THE PROPERTY IS SOLD UNDER UNCONDITIONAL AUCTION TERMS AND CONDITIONS.
Investment Opportunity – Pair of Flats in Prime Gateshead Location
An ideal addition to any property portfolio, this fantastic investment opportunity offers the chance to acquire a pair of flats in a popular and convenient location, ideally situated for access to the wide range of amenities and facilities offered in and around Gateshead Town Centre.
The ground floor flat features a hallway, a spacious lounge, a fitted kitchen with built in cooking appliances, a modern bathroom complete with a shower over the bath, and two well-proportioned bedrooms.
The first floor flat boasts generous accommodation with three good-sized bedrooms, a lounge, fitted kitchen with built in cooking appliances, and a bathroom fitted with an electric shower over the bath.
Positioned in a sought-after area with excellent transport links, shopping, schools, and leisure facilities nearby, this property offers strong rental potential and long-term growth prospects.
Don't miss this superb opportunity to invest in a versatile and income-generating property.
Ground Floor FlatEntrance HallwayLounge 13'7" x 12'5" (4.14m x 3.78m).
Kitchen 9'4" x 7'4" (2.84m x 2.24m).
BathroomBedroom One 15' x 14'2" (4.57m x 4.32m).
Bedroom Two 13'4" x 8'1" (4.06m x 2.46m).
First Floor FlatEntrance LobbyFirst Floor LandingLounge 14'2" x 10'4" (4.32m x 3.15m).
Kitchen 9'3" x 7'1" (2.82m x 2.16m).
BathroomBedroom One 14'6" x 12'10" (4.42m x 3.9m).
Bedroom Two 13' x 8'4" (3.96m x 2.54m).
Bedroom Three 8'2" x 7'7" (2.5m x 2.3m).
Tenure Sarah Mains Residential have been advised by the vendor that this property is freehold, although we have not seen any legal written confirmation to be able to confirm this. Please contact the branch if you have any queries in relation to the tenure before proceeding to purchase the property.
Property Information Local Authority: Gateshead
Flood Risk: This property is listed as currently having a very low risk of flooding although we have not seen any legal written confirmation to be able to confirm this. Please contact the branch if you have any queries in relation to the flood risk before proceeding to purchase the property.
TV and Broadband: BT, Sky – Basic, Superfast in the area
Mobile Network Coverage: EE, Vodafone, Three, O2 in the area
Please note, we have not seen any documentary evidence to be able to confirm the above information and recommend potential purchasers contact the relevant suppliers before proceeding to purchase the property.
Terms & Timescales This property is being sold subject to unconditional purchase premium auction terms and conditions. Immediate exchange of contracts. Completion must take place within 28 days.
Legal Pack A legal pack is available for this property. We strongly advise all potential bidders thoroughly read through the legal pack prior to bidding, paying particular attention to the special conditions. If you are unsure of anything contained within the pack, please consult a legal representative.
Deposit In order to secure the purchase a buyer will pay a deposit of 5% (subject to a minimum of £3,000) which contributes towards the overall purchase price of the property.
The deposit is non-refundable.
Buyer Fees This property is sold subject to a non-refundable purchase premium of 2.4% inc VAT, subject to a minimum of £3000 inc VAT. This does not form part of the purchase price.
More Information For further information please contact our auction department on 0191 487 0011 or email auctions@sarahmains.com
ONLINE AUCTION NOTICE I hereby acknowledge and confirm the following:
Once placed, my bid cannot be withdrawn and will stand until 2 hours after the auction closes. My bid may be accepted by the seller at any time before the close of the auction. I have read and understood the terms of the auction and my bid is placed accordingly. I have read and understood the legal pack applicable to this property and I understand that I am bound by the special conditions contained within. If my bid is successful at any point from now until up to 2 hours after the auction closes, I shall be bound by the lot terms and conditions as advertised online.
The auction will continue to run if there is a bid within 10 minutes of the closing time. After 10 minutes without a bid, providing the reserve price has been met, the highest bidder will be successful. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system makes it fairer for all parties involved and prevents last second bidding.
Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity. It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. The auctioneer accepts no responsibility for bids that are not received or are received late, and reserves the right to reject any bid without notice.
Tenure Type : Freehold
Council Tax Band: A
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