5 bed pair of flats to buy in NE8

Brighton Road, Gateshead, Gateshead, Tyne and wear, NE8 4SA

Starting Bid
£150,000
Sold

Alternatively call 0191 4878898 or email low.fell@pattinson.co.uk

  • ***PAIR OF FLATS***
  • FREEHOLD
  • 5 BEDROOMS
  • INVESTMENT OPPORTUNITY

5 bed pair of flats to buy in NE8

TO BE SOLD VIA Online Auction until 10/03/22 12:00
Fees Apply

**Rare investment opportunity to purchase this pair of flats including Tyneside lease **

Property is currently tenanted both upstairs and down and providing good income.

We are delighted to welcome to the market this freehold pair of flats in Gateshead.
The upstairs property briefly compromises of 3 bedrooms, living room, kitchen and bathroom.
To the ground floor there are two bedrooms, living room, kitchen and bathroom.
Private yard to exterior of both flats.

Great central location close to shops and transport links.
Further internal photos to follow.

Summary

  • Property Type: Pair of Flats
  • Bedrooms: 5
  • Receptions: 2
  • Tenure: Freehold
  • Central Heating: Gas
  • Parking: Allocated

External

Image of Lounge (Upstairs flat) - Large bright living area. UPVC Double glazed windows, double radiator.
zoom

Lounge (Upstairs flat) - Large bright living area. UPVC Double glazed windows, double radiator.

Image of Dining room (Upstairs) - Laminate flooring, Double radiator.
zoom

Dining room (Upstairs) - Laminate flooring, Double radiator.

Image of Bedroom one (Upstairs flat) - Double glazed window, laminate flooring and double radiator.
zoom

Bedroom one (Upstairs flat) - Double glazed window, laminate flooring and double radiator.

Image of Kitchen (Upstairs flat) - Modern kitchen. Fitted appliances, laminate flooring and double radiator.
zoom

Kitchen (Upstairs flat) - Modern kitchen. Fitted appliances, laminate flooring and double radiator.

Image of Bathroom (Upstairs flat) - Three piece sweet, UPVC double glazed window and radiator.
zoom

Bathroom (Upstairs flat) - Three piece sweet, UPVC double glazed window and radiator.

EPC for 5 bed pair of flats to buy in NE8

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.