Centralofts, Waterloo Street, Newcastle Upon Tyne, NE1

2 Bedroom Apartment for sale in Newcastle Upon Tyne

** FOURTH FLOOR, TWO BEDROOM APARTMENT WITH BALCONY AND NO ONWARD CHAIN ** This Centralofts apartment is set in an Art-Deco building in the heart of Newcastle's City. The property is ideally located with access to amenities, Central Station and local transport links. Part time concierge service and lift access included within the building. The property provides, Entrance hall, open plan living/dining/kitchen area, two double bedrooms, both with ensuite bathrooms, and a further cloakroom/WC. Energy Efficiency Rating C. Council Tax Band D.

Entrance Hall
Wall mounted electric heater, built in storage cupboard housing hot water cylinder.

Cloakroom / WC
WC, vanity wash hand basin with storage underneath, built in sliding door wardrobe, extractor fan.

Open Plan Living/Kitchen
(9.43m x 6.05m MAX)
Living Area
Double glazed windows and French doors leading to private balcony, wall lighting, wall mounted electric heater, television aerial point, entry phone system.

Kitchen Area
Range of wall and base units with work surfaces incorporating; stainless steel sink unit with mixer tap, electric oven and hob with stainless steel extractor fan above, built in fridge/freezer, washing machine and dishwasher, part tiled wall and down lighting.

Bedroom One
(6.12m x 2.91m MAX)
Double glazed window, wall lighting, wall mounted electric heater.

Ensuite Bathroom
(2.12m x 1.67m)
Panelled bath with dual shower heads overhead and glass shower screen, WC, wash hand basin with vanity storage underneath, electric shaving point, heated towel rail, extractor fan, part tiled walls.

Bedroom Two
(6.12m x 2.93 MAX)
Double glazed window, wall lighting, wall mounted electric heater.

Ensuite Bathroom Two
(2.12m x 1.72m)
Panelled bath with dual shower heads overhead and glass shower screen, WC, wash hand basin with vanity storage underneath, electric shaving point, heated towel rail, extractor fan, part tiled walls.

Leasehold Information
There is a remaining 103 years on the lease approximately. We have been advised there is an approximate service charge of £6839.14 per annum. Please note the service charge has been increased recently to allow for substantial works to the building and maintain a reserve fund for any future works. This includes roof works, parapet work and mosaic tiles. A total of £200,000 is being collected from the leaseholders through the 2024 budget for the major parapet works. The balance for the work will be forward funded by the freeholder and will be repayable in the 2025 budget. This information is correct as of Novemeber 2024 but is subject to change.

We have been advised by the managing agents that remediation of the rear wall render has not yet been done. The management company has submitted the remediation design to the BSR for approval and are awaiting confirmation of dates of when the works will take place.

The property has a ground rent of £125 per annum which doubles every 25 years up to £1000 for the last 25 years of the term. Please be advised we have not inspected the head lease.


Material Information
Tenure: Leasehold
The block is managed by Kingston.
Council Tax: Band D. Authority; Newcastle City Council. For current rates please visit: new.newcastle.gov.uk/council-tax/council-tax-explained/council-tax-bands
Utilities: Mains sewerage, water and electricity are connected. Please note there is no gas supply to the property. Heating is via radiators where the water is heated through an electric hot water tank.
Broadband: Follow the link to check broadband providers and speeds; Broadbandcheck.co.uk
Mobile Phone Coverage: Follow the link to check mobile signal for all networks; Signalchecker.co.uk
Parking: This property comes with an allocated parking space where a parking fob is required. This is a jockey bay -owner of other space must share their vehicle keys in the event their car needs to be moved for access.

You would need to instruct your solicitor to review the lease for any restrictive covenants, we have not been advised of any at the outset of marketing. Please note the lease can be made available upon request.

Important information

Property Ref: 743122_GRS240166