Ref: Lot 4
Investment Opportunity
Town & Country Property Auctions are pleased to present this fantastic first floor, three-bedroom flat located on Coast Road in Wallsend. The property is conveniently positioned for access to both the City Centre and the Coast. This is a fantastic turn key investment opportunity, with tenants paying £675 pcm (£8,100 pa), generating a brilliant yield of 10.12% against the guide price. The tenancy expires on 15th March 2024.
Accommodation comprises: entrance hall, open plan living kitchen, three bedrooms and a family bathroom/WC. Additional benefits include gas central heating and double glazing. Externally, there is a private garden to the rear.
Leasehold Information:
Length of lease - 125 years from 7 November 1983
For ground rent and service charges, please see the legal pack.
Disclaimer:
Material information will be provided within the legal pack- to download this register your interest at tcpa.co.uk.
C
Leasehold
For sale by online auction on 30 May 2024
Bidding opens at 10:00am and closes from 12:00 noon
Turn Key Investment
£8,100 per annum - 10.12% yield of the guide price
FIRST FLOOR FLAT
3 BEDROOMS
OPEN PLAN LIVING KITCHEN
PRIVATE REAR GARDEN
Plus Fees
A
07/11/1983
125 years (84 years unexpired)
* The Guide Price given is an indication as to where the Reserve is currently set. The Reserve is the minimum price that the auctioneer is authorised by the vendor to sell the property for. It is subject to change throughout the marketing period. Where the Guide Price is a single figure, the current Reserve will not be more than 10% above that single figure, and where a price range is given (i.e. £50,000 - £55,000), the Reserve will not exceed the upper level of the range. It is not necessarily what the auctioneer expects it will sell for.
We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms' employment has the authority to make or give any representation or warranty in respect of the property.
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