Lot 32 - 6 The Chare, Newcastle upon Tyne, Tyne and Wear, NE1 4DD
- Unconditional Online Auction Sale
- Guide Price* : £99,000
- Bedrooms: 2
- Bathrooms: 1
- Reception Rooms: 1
2 bedroom city centre apartment investment
Description
- Two-bedroom city centre apartment
- Currently let at £1,250pcm (£15,000pa)
- Open plan lounge/diner with south and east facing windows
- Bathroom with separate bath and shower
- Allocated parking space included
- Prime Newcastle city centre location close to universities, RVI and transport links
Situated on The Chare in the heart of Newcastle upon Tyne city centre, this well-proportioned two-bedroom apartment represents an attractive investment opportunity and is currently let at £1,250 per calendar month (£15,000 per annum). The apartment provides two double bedrooms, a particularly spacious lounge/diner, kitchen and bathroom, with both bedrooms benefiting from a south-facing aspect. The generous lounge/diner features large south- and east-facing windows, creating a bright and well-proportioned principal living space, while the bathroom benefits from both a separate shower and bath.
The property is situated on The Chare in a popular and convenient Newcastle city centre location. Positioned within easy reach of Newcastle University, Northumbria University and the Royal Victoria Infirmary, the property is well placed for students, professionals and city-centre workers.
A wide range of shops, bars, restaurants and leisure facilities are available throughout the city centre, while nearby Haymarket provides excellent Metro and bus connections across Newcastle and the wider region. Newcastle Central Station is also easily accessible, providing regular rail services to destinations throughout the UK.
The property's central location offers convenient access to the city's main retail, employment and educational areas, making it a particularly well-connected base within Newcastle upon Tyne.
Bedroom 1
9' 11" x 11' 5" (3.03m x 3.49m)
This bedroom features a window with a south facing aspect.
Bedroom 2
11' 10" x 9' 11" (3.61m x 3.02m)
This bedroom features a window with a south facing aspect.
Lounge / Diner
26' 8" x 12' 2" (8.12m x 3.70m)
This spacious lounge and dining room benefits from large south- and east-facing windows, creating a bright and generously proportioned living space.
Kitchen
11' 8" x 6' 6" (3.56m x 1.97m)
This kitchen benefits from an electric cooker, along with easy access to the spacious lounge/diner.
Bathroom
This bathroom benefits from a separate shower and bath.
OFF STREET
1 Parking Space
ADDITIONAL TERMS
1. This lot is for sale subject to unconditional auction terms.
2. If the reserve price is met or exceeded, contracts will exchange with immediate effect upon the close of the auction.
3. Following exchange of contracts, parties have 28 days in which to complete the purchase (unless specified otherwise in the special conditions).
4. A non-refundable deposit of 5% is payable within 1 hour of the auction closing.
5. The winning bidder is to make payment to the auctioneer a reservation fee of 6% including VAT subject to a minimum of £6,000 including VAT. The reservation fee is payable in addition to the purchase price and is payable within 1 hour of the auction closing.
6. An administration charge of £714 including VAT is payable by the successful buyer within 1 hour of the auction closing.
7. A legal pack has been provided by the seller’s solicitor and is available to download. We strongly recommend reviewing this thoroughly and discussing any queries with your solicitor prior to bidding.
8. I acknowledge that the seller may accept my bid at any time prior to the scheduled auction end date.
Council Tax Band
C
Lease Start Date
14/02/1996
Lease Duration
125 years (94 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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