- For Sale by Modern Auction
- T & C's Apply
- Subject to Reserve Price
- Buyers Fees Apply
- The Modern Method of Auction
- Two Bedrooms
- Close to Amenities
- Shower Room
- Communal Grounds
- Ground Floor
** Video Tour on our YouTube Channel | https://youtu.be/s9Orl9t4odE **
For sale by Modern Method of Auction: Starting Bid Price 58,500 plus Reservation Fee
This property is for sale by The Great North Property Auction powered by iam-sold.
Offered for sale with the benefit of no upper chain, this two bedroom spacious ground floor apartment is situated within this popular over 60's retirement complex, off Sandyford Road. With 24 hour care line and onsite warden. For sale to women over the age of 60 and gentlemen over the age of 65.
Internally the property briefly comprises: - hallway, lounge open plan to modern kitchen with a door opening on to the pleasant communal gardens, two bedrooms and a modern shower room. The apartment benefits from night storage heaters and double glazing. Externally there are mature communal gardens and parking.
For more information and to book a viewing please call our Gosforth branch on 0191 236 2070.
Tenure
The agent understands the property to be leasehold. However, this should be confirmed with a licenced legal representative.
COVID-19 Guidelines
Although it is not mandatory, we do recommend that viewers wear appropriate PPE to protect themselves and others.
Council Tax band *B*
Lounge - 4.21 x 3.51 (13'9" x 11'6") -
Kitchen - 3.46 x 1.67 (11'4" x 5'5") -
Bedroom One - 2.59 x 4.22 (8'5" x 13'10") -
Bedroom Two - 3.19 x 2.19 (10'5" x 7'2") -
Auctioneer's Comments - 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.
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. 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 4.2% of the purchase price including VAT, subject to a minimum of 6,000.00 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 300.00 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.
Important information
This is not a Shared Ownership Property
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