Studio for sale

Ryedale, Wallsend, Newcastle Upon Tyne NE28

Description

This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited

This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor (for standard Grade 1 properties). This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £349 including VAT towards the

preparation cost of the pack, where it has been provided by iamsold.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Referral Arrangements

The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

Council Tax Band: A (North Tyneside)
Tenure: Leasehold (118 years)
Ground Rent: £100 per year (reviewed every 118 years)
Service Charge: £151.55 per month

Access

Property accessed via pathway leading directly to front door with opaque glass panels into communal entrance.

Communal Entrance

(4.85m x 2.35m)

Tile effect laminate to floors, neutral decor to walls, 2x concealed light fittings to ceiling, post box with secure lock and storage cupboard with secure lock. Timber door with opaque glass panels leading out to the shared rear garden and door leading into property.

Lounge / Bedroom

(4.80m x 2.66m)

Located to the front of the property with carpets to floors, neutral decor to walls, 2 x pendant light fitting to ceiling, warmed via wall mounted electric radiator, timber windowsill, double glazed windows with double top openers, space for double bed and ample space for furniture. Door leading through to kitchen and door leading through to dressing room.

Kitchen

(2.05m x 2.02m)

Accessed via door from bedroom with tiles to floor, fully tiled walls, concealed light fitting to ceiling, space for fridge freezer, a range of wood effect wall and base units with chrome fixtures, space for washing machine, 4 ring electric hob with inset oven below and built in extractor above, stainless steel sink with chrome mixer tap, double glazed window with opener to rear elevation.

Dressing Room

(2.03m x 1.21m)

Located to the rear of the property with carpets to floors, neutral decor to walls, pendant light fitting to ceiling, warmed via wall mounted heater, cupboard including switch board, space for wardrobes and door leading through to bathroom.

Shower Room

(2.04m x 1.29m)

Neutral decor to walls, wet room flooring, pendant light fitting to cladded ceiling, 3 piece white suite with chrome fixtures, tiles to splash back area of sink, opaque window with top opener to rear elevation.

Garden

Communal garden to the rear shared by the residents of the 4 flats.

Please Note

Property only has permission for single occupant per studio.