Vendor: Executor

A spacious, 2 bedroom ground floor flat (716 sq ft) with a rear yard. The property is let on an AST producing £5280 pa.

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Description/Location

Established residential location with a variety of local amenities, Newcastle Central Station 1.4 miles. The property is held on Tyneside lease for 999 years from 2003. The flat is let on an AST producing £440 pm.

Auctioneers Note: There will be no internal viewings. We are grateful to the tenant who provided access for photos, floor plan and video tour.

Tenure

Leasehold: 999 years from 01/01/2003 (978 years unexpired). No ground rent.
Energy Rating: D
Council Tax: A

Viewing

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Accommodation

Ground Floor: Sitting room, kitchen, 2 bedrooms, shower room. Outside: Yard.

Rent

Current Rent: £5280 pa

Virtual Tour

Virtual Tour 65 Lobley Hill Road

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*Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. 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.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.