residential development in NE10

South Shields, Sunderland, Hebburn, Gateshead, Tyne and Wear, NE10 0TD

Starting Bid
£1,650,000
Current Bid £1,500,000
1 Bids
Sold

Online auction

Alternatively call 0191 580 1587 or email commercial@pattinson.co.uk

  • Rare to the market portfolio:- 3-16 Woodgate Lane, Gateshead NE10 OTD, 10 Julius Caesar Street SR5 2LD 115 Prince Consort Road NE11 1DS, 15 Imeary Street NE33 4EF,8/10 George Scott St NE33 2JR 21 & 23 Inverness Street SR6 9AT, 12 & 25 Markham Street SR2 9QL 27 Regent Terrace SR2 9QN 9QN

residential development in NE10

For Sale by Online Auction until Unconditional Auction Reservation Fee terms and conditions apply
Please Note a 10% Deposit is payable on this lot.

We are delighted to offer this rare opportunity to purchase a desirable portfolio of 24 properties. Mostly tenanted these will prove very popular with local, national and international investors.

The properties have been well maintained and have been managed by Pattinsons over previous years

The portfolio which briefly comprises of 17 two bedroom flats, 2 three bedroomed flats and 5 two bedroom bungalows.

Please note Pattinsons have not visited these properties prior to auction. All interested parties must satisfy their own requirements prior to bidding.

Full legal packs will be available prior to auction.

Summary

  • Property Type: Residential Development
  • Parking: On Street
Image of 3-16 Woodgate Lane
zoom

3-16 Woodgate Lane

3 Woodgate Lane -
Tenure: Freehold. Title number: TY127847 and TY490505
Accommodation: 2 bedroom ground floor flat.
Currently vacant.
EPC: Available upon request (rating D)

4 Woodgate Lane -
Tenure: Freehold. Title number: TY127847 and TY490505
Accommodation: 2 bedroom upper flat
Rent: £425
EPC: Available upon request (rating D).

5 Woodgate Lane -
Tenure: Freehold. Title number: TY490506 and TY127848
Accommodation: 2 bedroom upper flat
Rent: £220
EPC: Available upon request (rating D).

6 Woodgate Lane -
Tenure: Freehold. Title number: TY490506 and TY127848
Accommodation: 2 bedroom ground floor flat
Rent: £350
EPC: Available upon request (rating C).

7 Woodgate Lane -
Tenure: Freehold. Title number: TY127852 and TY490507
Accommodation: 2 bedroom ground floor flat
Rent: £425
EPC: Available upon request (rating C).

8 Woodgate Lane -
Tenure: Freehold. Title number: TY127852 and TY490507
Accommodation: 2 bedroom upper flat
Rent: £395
EPC: Available upon request (rating C).

9 Woodgate Lane -
Tenure: Freehold. Title number: TY127853 and TY490508
Accommodation: 2 bedroom upper flat
Rent: £450
EPC: Available upon request (rating C).

10 Woodgate Lane -
Tenure: Freehold. Title number: TY127853 and TY490508
Accommodation: 2 bedroom ground floor flat
Rent: £475
EPC: Available upon request (rating C).

11 Woodgate Lane -
Tenure: Freehold. Title number: TY127854 and TY490509
Accommodation: 2 bedroom ground floor flat
Rent: £425
EPC: Available upon request (rating C).

12 Woodgate Lane -
Tenure: Freehold. Title number: TY127854 and TY490509
Accommodation: 2 bedroom upper flat
Rent: £350
EPC: Available upon request (rating D).

13 Woodgate Lane -
Tenure: Freehold. Title number: TY490510 and TY132931
Accommodation: 2 bedroom upper flat
Rent: £425
EPC: Available upon request (rating C).

14 Woodgate Lane -
Tenure: Freehold. Title number: TY490510 and TY132931
Accommodation: 2 bedroom ground floor flat
Rent: £260
EPC: Available upon request (rating D).

15 Woodgate Lane -
Tenure: Freehold. Title number: TY132351 and TY490511
Accommodation: 2 bedroom ground floor flat
Rent: £425
EPC: Available upon request (rating D).

16 Woodgate Lane -
Tenure: Freehold. Title number: TY132351 and TY490511
Accommodation: 2 bedroom upper flat
Rent: £350
EPC: Available upon request (rating C).

15 Imeary Street, South Shields, NE33 4EF

Tenure: Freehold. Title number: TY490514

Accommodation: 2 bedroom upper flat

Rent: £395

EPC: Available upon request (rating G).

Image of 21 Inverness Street,Sunderland, SR6 9RT
zoom

21 Inverness Street,Sunderland, SR6 9RT

Tenure: Freehold. Title number: TY435429

Accommodation: 2 bedroom bungalow

Rent: £475

EPC: Available upon request (rating D).

23 Inverness Street, Sunderland, SR6 9AT

Tenure: Freehold. Title number: TY435429

Accommodation: 2 bedroom bungalow

Currently vacant

EPC: Available upon request (rating D).

12 Markham Street, Sunderland, SR2 9QL

Tenure: Freehold. Title number: TY514174

Accommodation: 2 bedroom mid terrace bungalow

Rent: £295

EPC: Available upon request (rating E).

Image of 25 Markham Street,Grangetown, SR2 9QL
zoom

25 Markham Street,Grangetown, SR2 9QL

Tenure: Freehold. Title number: TY490512

Accommodation: 2 bedroom mid terrace bungalow

Currently vacant

EPC: Available upon request (rating D).

Image of 10 Julius Caesar Street, Sunderland, SR5 2LD
zoom

10 Julius Caesar Street, Sunderland, SR5 2LD

Tenure: Freehold. Title number: TY514173

Accommodation: 2 bedroom mid terrace bungalow

Rent: £395

EPC: Available upon request (rating D).

8 George Scott Street, South Shields, NE33 2JR

Tenure: Freehold. Title number: TY428891

Accommodation: 2 bedroom ground floor flat

Currently vacant.

EPC: Available upon request (rating E).

Image of 10 George Scott Street, South Shields, NE33 2JR
zoom

10 George Scott Street, South Shields, NE33 2JR

Tenure: Freehold. Title number: TY428891

Accommodation: 3 bedroom upper flat

Rent: £410

EPC: Available upon request (rating C).

Image of 27 Regent Terrace, Sunderland, SR2 9QN
zoom

27 Regent Terrace, Sunderland, SR2 9QN

Tenure: Freehold. Title number:

Accommodation: 2 bedroom mid terrace bungalow

Rent: £350

EPC: Available upon request (rating D).

Additional Information

For further information please contact our office direct on 0191 737 1154, or alternatively via e-mail on commercial@pattinson.co.uk. With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

This property is being sold subject to unconditional reservation fee auction terms and conditions.

Timescales

Contracts will exchange immediately. There are 28 days in which to complete the purchase.

Legal Pack

A legal pack is available to download. Special conditions may apply. We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.

Deposit

In order to secure the purchase, a buyer will pay a deposit of 5% subject to a minimum of £3,000 inc VAT which contributes towards the overall purchase price of the property.

The deposit is non-refundable. 

Buyer Fees

This property is sold subject to a non-refundable reservation fee of 2.4% inc VAT to a minimum of £3,000 inc VAT.  This does not form part of the purchase price.

More Information

For more information call our auction experts on 0191 206 9335 or email auction@pattinson.co.uk

ONLINE AUCTION NOTICE

I hereby acknowledge and confirm the following:  

My bid may be accepted by the seller at any time before the close of the auction.  It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack. If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.  

At the point of registration, you will be required to insert credit or debit card details as a way of payment towards the deposit and or reservation fee. We will only hold a nominal amount (which will be stated at the point of bidding) to enable you to bid. This amount will only be debited from your account should you be the successful bidder, in the event you are unsuccessful the agreed amount will be released back to your card within three business days.  If you are the successful bidder we will debit the agreed amount from your account immediately at the close of the auction, we will then contact you to confirm the outstanding balance (if applicable) at which point you can opt to use the same card.  Any amount payable at the close of the auction must be paid within 1 hour.   

Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second. 

Each auction will automatically stay open until there has not been a bid for 10 minutes. After 10 minutes without a bid, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last minute (or second) bidding and makes for a fairer auction as in a live room auction situation. 

Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity. It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice. 

Minimum online bidding increments: 

£50,000 - £250 minimum bid

£50,001 to £150,000 - £500 minimum bid 

£150,001 to £250,000 - £1,000 minimum bid 

​£250,001 to £750,001 - £2,500 minimum bid 

£750,001 to £1.5 Million - £5,000 minimum bid

£1.5 Million Plus - £10,000 minimum bid

Please note this bidding process applies specifically to online auctions. 

Please login to view legal packs for this property.