63, Devonshire Street, South Shields, NE33 5SU

Summary Presenting an exceptional HMO investment opportunity in the heart of South Shields.

This four-bedroom property, fully let with an impressive 15% yield achieved, is an ideal acquisition for investors.

This prime asset offers a substantial and rewarding return on investment, due to the high demand for rental accommodation in the area.

The property boasts four generously proportioned bedrooms, each promising the capacity for comfort and luxury living.

All four rooms come with modern, well-appointed ensuite bathrooms providing tenants with privacy and convenience.

The dwelling features one well-sized reception area, providing ample space for relaxation or socialising.

This area has been thoughtfully planned out to maximise space and functionality, perfect for a harmonious living environment.

Originally designed to a high specification, the property maintains its contemporary aesthetics and has been maintained to a high standard.

Its location is an additional asset; located in the lovely locale of South Shields, it benefits from a myriad of amenities, including shops, restaurants and excellent transport links.

This Residential Sale is an absolute jewel for investors looking to expand their portfolio in the HMO segment.

Viewings are highly recommended to fully appreciate the potential of this remarkable property.

Council Tax Band: A Tenure: Freehold Kitchen Modern shared kitchen with wall and base units for storage Bedroom 1 (3.0m x 3.3m) Spacious double bedroom with private en-suite Bedroom 2 (2.8m x 3.1m) Modern double bedroom with private en-suite Bedroom 3 (2.8m x 3.4m) Third spacious bedroom with private en-suite Bedroom 4 (2.8m x 3.6m) Fourth spacious bedroom with private en-suite.

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.