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Lot 36 - RESIDENTIAL INVESTMENT PRODUCING £5,700 PA

156 Joan Street, Newcastle upon Tyne, Tyne and Wear, NE4 8QN

Guide Price £39,500 plus *
Thu Dec 12 2024
12:00pm
By Order Of Condor Corporate Limited

Property Description

The property is located on a residential road in Newcastle Upon Tyne close to local shops and amenities such as Asda, Iceland and Greggs. The open spaces of Benwell Nature Park and Hodgkin Park are within easy reach. Transport links are provided by Newcastle rail station. This property comprises a first floor three bedroom flat situated within a mid terrace converted house arranged over ground and first floors.

Leasehold - 999 years from 25/10/2023

(Measurements based on EPC)

Whilst Strettons have not internally inspected the property, we understand it to comprise:

First Floor : Three bedrooms, kitchen, Reception, Bathroom/Toilet - 62 Sq M (667 Sq Ft)

At the time of going to print Strettons were unaware of the terms of the AST. Producing £475 pcm

PRODUCING £5,700 PER ANNUM

C

1. Photos are from 2021
2. Both flats maybe offered as one Lot in the first instance. The collective Guide is £79,000 (plus). In this case all titles and Freehold will be transferred to the buyer

Auction Surveyor: Rob Hills
Contact: Robert.Hills@strettons.co.uk 020 7614 9933

Lots 35 and 36 will now only be offered as one Lots. As such the purchaser will be acquiring the Freehold title (TY102174) the x2 long leasehold titles (TY515258 and TY514453)

154 – Let to individual on an Assured Shorthold Tenancy from 17/7/2022 (Holding Over). The rent has increased to £488pcm (£5,856 pa) from October 2024

156 – Let to individual on an Assured Shorthold Tenancy from 17/2/2023 (Holding Over) at a rent of £475pcm (£5,700 pa)

The total of both flats rental is £11,556 pa.

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.

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156 Joan Street, Newcastle upon Tyne, Tyne and Wear, NE4 8QN

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