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2 bedroom block of apartments for sale
Flats C1 & C2, 5 Bentinck Villas, Grainger Park, Newcastle Upon Tyne
£105,000
Flats C1 & C2, 5 Bentinck Villas, Grainger Park, Newcastle Upon Tyne
£105,000
Our Summary
- Investment Opportunity For sale by auction, as an investment opportunity, are these two top floor flats which are to be sold as a pair, located in Grainger Park
- For Sale by Auction: Taking bids now
- Option 1 Terms and Conditions apply Each auction property is offered at a guide price and is also subject to a reserve price
- The reserve price is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell
- Both the guide price and the reserve price can be subject to change up to and including the day of the auction
- The successful buyer pays a £2000+VAT (total £2400) Auction Administration Fee
- Joint Agents: The Agents Property Auction Ltd Terms and conditions apply see website www
- Agents Property Auction
Description
This is an investment opportunity to purchase two top-floor flats in Grainger Park, to be sold as a pair, with a combined monthly rental income of £1,400. The flats, each with an open-plan lounge/kitchen, bedroom, and bathroom, are currently let out on 12-month tenancies. They benefit from double glazing and are situated close to public transport routes, with easy access to Newcastle city centre, the MetroCentre, and major roads. The properties are leasehold, with 962 years remaining on the lease, and no ground rent or service charge. The guide price for the flats is not disclosed, but the reserve price may be up to 10% higher. The successful buyer will pay a £2,400 auction administration fee. Early viewing is recommended, and the property is being sold by auction with the option to purchase.