16 Pickering Place, Durham, Cumbria... 2 bed flat for sale

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16 Pickering Place, Durham, Cumbria... 2 bed flat for sale

16 Pickering Place, Durham, Cumbria DH1 1EG
£65,000

Our Summary

  • Auction commencing on Monday 27th October at 1pm and ending 24 hours later on Tuesday 28th October at 1pm with Auction House North EastFull details and bidding information at auctionhouse
  • Investment Opportunity
  • Ideal investment opportunity
  • NB: Auction House North East have not inspected the property, and the photographs were taken prior to the tenant moving in

Description

This two-bedroom apartment in Carrville is being sold at auction on October 27th, with bidding open for 24 hours. The property is sold tenanted, with a current rental income of £750 per calendar month. The apartment is located on the ground floor of a purpose-built block, with a lounge, kitchen, two bedrooms, and a master bedroom with en-suite shower room. The property also features a bathroom, allocated parking space, and a storage cupboard. The lease has 125 years remaining from January 2005, with a ground rent of £125 per annum and a service charge of £93 per month. The apartment is rated C for energy efficiency and has a current tenancy agreement in place until May 2024. The administration fee is £3600 inc VAT, payable on exchange of contracts, and there may be additional disbursements payable by the purchaser on completion.