Lot 1 - 27 Manor Chare Apartments, Manor Chare, Newcastle upon Tyne, Tyne and Wear, NE1 2EQ
- Unconditional Online Auction Sale
- Guide Price* : £110,000
- Investment Property
- Two Bedroom Third Floor Apartment
- Two Bathrooms
- Secure allocated car parking space
- Rolling tenancy - £850 pcm
- Short walk to The Quayside and the City Centre
ON BEHALF OF RECEIVERS: Two bedroom third floor flat let on a rolling periodic tenancy at a rent of £850 per month
Description
A residential investment comprising a two bedroom third floor flat within the popular and modern Trinity Gardens development. The property is let on a rolling periodic tenancy at a combined annual equivalent income of £10,200 and benefits from a secure allocated car parking space to the basement.
Location
The property is located in the popular Trinity Gardens development and is just a short walk to the Quayside and to the City Centre, which provides excellent local amenities including shops, bars and restaurants.
Tenure
The property is held Leasehold for a term of 125 years (less 3 days) from the 4th July 2003 at a ground rent of £250 per annum and combine service charge and reserve fund of £2,881.48 per annum.
Accommodation
Hall, Open Plan Lounge/Kitchen, Two Bedrooms with En Suite to Master and Family Bathroom/W.C
Outside
Allocated car parking space in the basement.
Tenancies
The property is let on a rolling tenancy at a rent of £850 pcm.
EPC
Energy Performance Asset Rating - C
Council Tax Band
D
Lease Start Date
04/07/2003
Lease Duration
125 years (104 years unexpired)
Annual Ground Rent
£250
Annual Service Charge
£2,881
Buyers Administration Fee
There will be a Buyer's Administration Fee of 1.00% plus VAT (subject to a minimum of £1,200 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.
Loading the bidding panel...
Additional Documents
Office Contact
Important Documents
Agreement Documents
Related Documents
Legal Documents
Log in to view legal documentsShare
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.