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 Wednesday 04th February from 11am with Auction House North East
  • TO BE SOLD VIA LIVESTREAM AUCTION
  • 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

A two-bedroom apartment in a purpose-built block in Carrville is being sold via livestream auction on February 4th. The property is currently tenanted, generating £750 per calendar month, and is being sold with a 125-year lease from January 2005. The apartment features a lounge with French doors to a Juliet balcony, kitchen, two bedrooms, and a master bedroom with an en-suite shower room. There is also a bathroom, allocated parking space, and a hall with storage cupboard. The property is ideal for an investment opportunity, and the current ground rent is £125 per annum, with a service charge of £93 per month. The vendor will charge an administration fee of £3600 inc VAT payable on exchange of contracts, and there may be additional disbursements listed in the legal pack.