Hugh Gardens

***FOR SALE BY AUCTION. VARIOUS BIDDING OPTIONS AVAILABLE: ONLINE, TELEPHONE, PROXY OR IN PERSON AT THE GRAND CONNAUGHT ROOMS, GREAT QUEEN STREET, 61-65, COVENT GARDEN, LONDON, WC2B 5DA ***12TH SEPTEMBER 2024***9.30 am START***CONTACT THE AUCTIONEERS TO REGISTER NOW***

Description:
Bay windowed ground floor apartment, located within the residential area of Benwell lying to the west of Newcastle city centre. Well located for travelling into the city, Metro centre and the A1M for commuting further afield. Locally there are shops, bars, restaurants, schools and buses to other districts. Currently held on a tenancy dated from November 2021 providing an income of £525 PCM, making that an annual yield of £6,300, proving this to be a readymade investment purchase. The property has two bedrooms and benefits from gas fired central heating and UPVC double glazed windows.
Please Note: We have not been able to carry out an internal inspection and therefore these details are to be used for guidance purposes only.

Accommodation:
Ground Floor: Entrance, Lounge, Kitchen, Two Bedrooms and Bathroom.

Tenure:
Leasehold. Held on a lease for a term of 999 years from 19th June 2008 on a peppercorn rent if demanded, on the 25th March each year.

EPC Rating: C

Council Tax Band: A

Enquiries:
Via Northern Auctions, 38 High Street, Bawtry, South Yorkshire DN10 6JE. Tel no 01302710490.

***GUIDE PRICE £55,000***

Important Notice:
For each Lot, a contract documentation fee of £1500 (inclusive of VAT) is payable to the Auctioneers by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.

Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.
**PLEASE CONTACT THE AUCTIONEERS AT LeedsAuctions@williamhbrown.co.uk TO REQUEST A COPY OF THE LEGAL PACK, IF THIS IS AVAILABLE WE CAN EMAIL IT OVER TO YOU**

When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst the auctioneers make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.

Registration for bidding online will close the Friday before the auction sale. Please ensure you register and submit all the details and documents required in time. Without authorisation to bid prior to the sale you will be unable to bid in the auction.