Disclaimer One
This property is to be sold via unconditional auction (option 1). The successful buyer will need to pay a non-refundable deposit of 10% of the value of the agreed purchase price, subject to a minimum of £3,000.00. Contracts will exchange immediately and completion will take place no later than 28 days of the date of the deposit being taken and the exchange of contracts.
Disclaimer Two
Every auction property comes with a guide price and a reserve price. The guide price sets the starting point for bidding, while the reserve price represents the minimum price that the seller is willing to accept at auction. The auctioneer is not allowed to sell the property below this reserve price. The reserve price is not revealed to the public and is kept confidential between the seller and the auctioneer. It may be up to 10% higher than the guide price.
Please note that both the guide price and the reserve price are subject to potential changes leading up to and including the day of the auction.
Disclaimer Three
At your request we can refer you to a Solicitor from our panel. It is your decision whether you choose to deal with them, should you decide to use them you should know that we would receive a referral fee of £180 including Vat from them for the recommendation.
Reservation Fee
This property is sold subject to a non-refundable reservation fee of £2,400.00 inc VAT (£2,000.00 plus VAT) The reservation fee does not form part of the purchase price.
Legal Pack
A legal pack will be available to download before the auctions end date. We strongly recommend all buyers to familiarise themselves with the legal pack prior to bidding.
Description:
This neutrally decorated one-bedroom flat in Choppington is offered for sale as an investment opportunity, with a tenant in situ and a current rental income of £5,100 per annum. The accommodation comprises a reception room, kitchen, bedroom and bathroom, providing a practical, low-maintenance layout.
The property is set in a residential area close to green spaces, including Wansbeck Riverside Park, with local shops and amenities in Choppington and nearby Ashington and Bedlington. Bus services link the area to Ashington, Morpeth and Newcastle, with good road access via the A196, A189 and A1.
Section 21 - Under the terms of the Estate Agency Act 1979 (section 21) please note that the Vendor of this property is a family member of a staff member of the Northwood Group.
Particulars
We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller by separate negotiation.
A
01/12/1989
99 years (62 years unexpired)
* 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.
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