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1 bedroom flat for sale
59 Park Villas, Consett DH8 7RT
£28,000
59 Park Villas, Consett DH8 7RT
£28,000
Our Summary
- For sale by Unconditional Online Auction
- A residential investment opportunity comprising a ground floor flat, which we are advised is tenanted at £500pcm (£6,000pa)
- Terms: Auction Details: The sale of this property will take place on the stated date by way of Timed Auction and is being sold under and Unconditional sale type
- Auction Deposit and Fees: The following deposits and non- refundable auctioneers fee apply: • 10% deposit (subject to a minimum of £5,000) • Buyers Fee of £2,400 inc
- Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page
- This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties)
Description
A residential investment property is being sold by unconditional online auction, comprising a ground floor flat with a tenanted income of £6,000 per annum. The property is located in a residential area approximately 2 miles from Consett town centre, with Newcastle upon Tyne about 14 miles away. The property is leasehold with 125 years remaining from 2006, and the buyer is advised to make independent enquiries before placing a bid. The sale is subject to SDL Property Auctions' terms, with a 10% deposit and non-refundable auctioneer's fee of £2,400 inc. VAT. The property has a C EPC rating and is available for viewing, with a guide price and reserve price to be disclosed to bidders.