Auction Commencing on Wednesday 04th February from 11am with Auction House North East.
TO BE SOLD VIA LIVESTREAM AUCTION COMMENCING AT 11am ON WEDNESDAY 04th FEB.
Please register to bid via our website - auctionhouse.co.uk/northeast
Tenanted Investment – £600 PCM Income – Immediate Return
We are instructed to sell on behalf of the Receivers this self-contained apartment situated within Stephenson House, a purpose-built residential block in North Shields.
The property is currently let at £600 per calendar month, with the tenant paying rent and stated to be up to date. Please note the tenant will not allow internal access for photographs or viewings, and the sale will therefore be made without vacant possession.
The apartment benefits from allocated parking and is well positioned close to local amenities, public transport links, and North Shields town centre.
This lot provides an attractive ready-made buy-to-let investment with an immediate rental return and potential to add value in the future (subject to gaining access and any necessary consents).
Key Features
-Modern apartment in purpose-built block
-Currently let at £600 PCM — income producing from day one
-Tenant stated to be paying and up to date with rent
-Allocated parking space
-Close to local shops, transport, and North Shields centre
-Sold as seen – no internal access available
Important Information
-The sale is on behalf of the Receivers.
-No internal viewings or access for photographs are available.
-Buyers should rely on their own enquiries regarding the accommodation and tenancy details.
Auctioneer’s Note
An ideal investment opportunity offering immediate rental income and long-term potential in a well-connected location.
Tenure: Leasehold
EPC Rating: C
Administration Fee: £3600 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.