1 bed apartment to buy in NE8
Mill Road, Gateshead, Tyne and Wear, NE8 3QZ
Online auction
Alternatively call 0191 4878898 or email low.fell@pattinson.co.uk
- Sought After Baltic Mill Development
- Short Walk To Newcastle City Centre
- Spacious 1 Bed Ground Floor Apartment
- HUGE 9.3% Gross Rental Yield
1 bed apartment to buy in NE8
TO BE SOLD VIA ONLINE AUCTION - FEES APPLY.
Pattinson Estate Agents are pleased to offer to the market this splendid 1 bedroom apartment in the highly sought after development of Baltic Quays, located moments from the Gateshead Millenium Bridge on the banks of the River Tyne.
The property is situated on the ground floor and there is a path to the property that gently rises up from the car park and street. The apartment is located on the ground floor and has the benefit of being fully accessible for wheel chairs if this was required.
Located near to the property are the famous land marks of the Baltic Centre For Modern Art and the Glass House International Centre For Music. Directly in front of the property are uninterrupted views of the river bank and Newcastle Quayside beyond and the promenade. The property makes an ideal base for those that love being immersed in culture, or a walk, jog along the river bank promenade.
The accommodation on offer briefly comprises:- reception hallway, open plan kitchen/ dining/ lounge, one bedroom and main bathroom. Externally the property also benefits from one secure parking bay.
The property would suit first time buyers, those who would love a pied a terre on the River bank, or even a superb investment. The property has recently been rented for £1200 per calendar month- representing a staggering 9.3% gross yield.
An early internal inspection is strongly recommended to appreciate the quality and value of accommodation on offer..
Summary
- Property Type: Apartment
- Bedrooms: 1
- Receptions: 1
- Tenure: Leasehold
- Heating: Electric
- Parking: Allocated
Front of Property
Eye catching apartment block located a handful of steps to the riverbank promenade. The apartment is located on the ground floor and comes with a private allocated parking space.
Entrance Hallway
The property definitely has the wow factor with this striking entrance hallway which has post boxes for each apartment. This apartment is located just off the main foyer.
Entrance Vestibule
As you enter from the main Foyer, you have a small entrance hallway with storage cupboard. The floors are strip hardwood flooring throughout.
Kitchen/Lounge/Diner
This spacious kitchen lounge area is very well laid out and is dual aspect which allows light to pour into the space throughout the day. The Room has space for a dining table, 2 sofas and has an excellent sized kitchen with newly installed oven and hob - ideal for those that love to cook and entertain. The kitchen is a wood effect shaker style with contrasting roll top worktops with a peninsular noodle bar. The property has integrated appliances including fridge freezer, dishwasher, oven, hob and extractor. The heating is electric throughout and the floors are both tiled and strip hardwood flooring.
Main Bathroom
Neutrally finished and spacious bathroom with fitted bath with thermostatic shower valve over and fixed glass bath screen. There is a low level WC, pedestal sink with tiled splash back and wall mounted mirror over and towel warmer. The floors and shower wall areas are fully tiled with a neutral style tile. The room is naturally lit by a window at high level above the bath which has privacy glass has ceiling extractor fan and shaver socket.
Bedroom 1
The bedroom is beautifully presented and has been well configured to provide space for chest of drawers, double bed, bedside tables and a walk- in storage cupboard with hanging space. The room is fully carpeted throughout and has an electric radiator.
View
This picture is taken from over the road from the apartment block. This is the promenade that takes you to the Gateshead Millenium Bridge.
Garage
Located adjacent to the Apartment block is the garage which has remote control access and an allocated private parking space. The space was purchased by the current vendor for £15,000 when the apartment was purchased a number of years ago. Due to the cost of parking locally, this space could be rented out if the future owners do not require its use
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 £3,000 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 2.5%+ VAT to a minimum of £2500 + VAT (£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 auctions@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.
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 within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, 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.
The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.
It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.
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 £750,000 - £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.
More Information is available:
For more information, call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk
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