4, Horsley Court, Newcastle upon Tyne, NE3 2JX

Summary For Sale via Auction | Two Bedroom Maisonette | Tenanted Investment | Allocated Parking | Central Location Pattinson Estate Agents are delighted to offer to the market this two-bedroom leasehold maisonette, ideally positioned in a convenient central location in Fawdon, Newcastle upon Tyne.

Currently let and producing an income of 500 per calendar month, the property presents an opportunity for investors seeking an existing rental investment with a tenant already in situ.

The accommodation comprises a reception room, kitchen, two bedrooms and a bathroom, with the property benefiting from gas central heating and allocated parking.

The property is situated close to a range of local amenities and everyday facilities, with good access to the wider Newcastle area, making it a practical location for both residents and tenants.

The property is leasehold with approximately 63 years remaining on the lease. The current annual service charge is approximately 1,700, and the property is within Council Tax Band A.

Key features: Two-bedroom maisonette Currently tenanted Current rental income: 500 pcm Allocated parking Gas central heating Council Tax Band A Approximately 63 years remaining on the lease Annual service charge: Approximately 1,700 Convenient central Newcastle location EPC is a C An opportunity for investors looking to acquire an existing tenanted property in a well-connected Newcastle location.

Prospective purchasers should satisfy themselves regarding the lease terms, rental arrangements, service charges and all other relevant information prior to bidding.

Council Tax Band: A Tenure: Leasehold Length of Lease: 63 Annual Service Charge Amount: 1,700.00 Auctioneers Additional Comments Pattinson Auction are referred to as The Auctioneer.

This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer.

The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website.

The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer.

Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively.

The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures.

Bids can be submitted at any time and from anywhere.

Auctioneers Additional Comments The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price.

The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change.

An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction.

A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding.

The Legal Pack will also outline the buyers obligations and sellers commitments.

It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price.

The deposit will form part of the purchase price.

A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale.

The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs.

Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received.

There is no requirement or obligation to use any recommended suppliers or services.