- FOR SALE BY MODERN AUCTION– T & C’s APPLY +
- SUBJECT TO RESERVE PRICE, BUYERS FEES APPLY +
- LEASEHOLD - 56 YEARS REMAINING +
- 2 BEDROOM GROUND FLOOR FLAT +
- LONG TERM TENANT IN SITU, CURRENTLY PAYING £350PCM +
- POPULAR RENTAL AREA +
- ON STREET PARKING +
- COUNCIL TAX BAND - A +
- EPC RATING - C +
* FOR SALE BY MODERN AUCTION- T & C's APPLY *
This 2-bedroom ground floor flat on Canterbury Street is an excellent opportunity for landlords seeking a ready-made investment. Currently tenanted with a long-term occupant, the property offers immediate income potential, with the tenant paying £350 per month, and scope for a rent increase.
The flat features a spacious layout with a large bedroom at the front, providing ample space and comfort. The central living room serves as the heart of the home, leading to the second bedroom, which is conveniently located off the main hallway. The fitted galley kitchen is situated at the rear of the living room and provides a practical and efficient space for cooking, leading through to the main bathroom.
Externally, the property includes a small rear yard, adding a bit of outdoor space for tenants to enjoy.
With its excellent location offering great public transport links, including buses and metros, this flat is ideal for getting around South Shields and beyond.
This property presents a solid investment in a popular rental area. Don't miss out on this fantastic opportunity to enhance your property portfolio.
AUCTIONEERS COMMENTS This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties' personal data will be shared with the Auctioneer (iamsold Ltd).
If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent information on the Buyer Information Pack fee, please contact the iamsold team.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT. These services are optional