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Studio flat for sale
The Midway, Newcastle Under Lyme, Staffordshire, ST5
£18,000
The Midway, Newcastle Under Lyme, Staffordshire, ST5
£18,000
Our Summary
- Viewings are available on request** Traditional Terms & Conditions - This property is for sale via Online Auction
- This is a modern twist on the traditional auction room sale where buyers can bid for the property via an online platform
- The auction will run for 3 hours on a set date and time chosen by the vendor of the property
- The winning bidder, assuming the reserve is met, is legally bound to exchange on the property and pay a 10% deposit similar to a traditional auction house sale and they will have 28 days to complete, please check the legal paperwork to confirm deposit amount
- Upon completion of a successful auction the winning bidder will be required to pay a non-refundable reservation fee of 3
- The auction is powered and carried out by Whoobid and is subject to terms & conditions which will form part of the auction pack which will be available to download for free once produced by the vendors legal representatives
- Properties may be sold prior to public auction if an offer is accepted by the vendors
- **Guide price - This is an indication of the seller's minimum expectations at auction and is not necessarily the figure the property will achieve but acts as a guide, prices are subject to change prior to the auction
- **Reserve price - Most auctions will be subject to a reserve price, if this figure is not achieved during the auction, then the property will not be sold
Description
This modern studio apartment is situated in the heart of Newcastle-under-Lyme town centre, close to Keele University and offering excellent transport links. The property is currently let at £130 per week for a 51-week period, providing a high-yielding investment opportunity. The apartment comes fully furnished and benefits from a communal lounge and study area, on-site laundry facilities, and a fully equipped gymnasium. With 117 years remaining on the lease, this property is an attractive option for investors seeking a reliable return on their capital. The property is being sold via online auction, with a 10% deposit required upon completion and a non-refundable reservation fee of 3.6% of the winning bid.