Property description

For sale by public auction 29th February 2016 at the Marriott Hotel, Gosforth, Newcastle. A modern luxury second floor apartment with tenant producing an annual income of £4740, situated in a converted hotel close to Consett Park.

Built in 1876, the Park Royal hotel was converted into a gated development of contemporary apartments in 2007 and is an impressive looking building containing several one and two-bedroomed apartments.

The communal entrance, which as a video entry security system, leads up the stairs to the second floor where the apartment is situated. The accommodation briefly comprises: entrance hall, large open plan lounge into fitted kitchen, one bedroom and a contemporary bathroom. The property has an allocated parking space within the courtyard, which is accessed via electronic gates. There is also ample visitor parking. The apartment has UPVC double glazing and gas central heating via combination boiler.

Park Place is on the outskirts of Blackhill, adjacent to Consett Park, and is within a quarter of a mile of local shops, facilities and schools, with Consett town centre less than a mile away. There are also good road links to Shotley Bridge and the other outlying villages and further to the regional centres of Durham and Tyneside.

Agents note: Planning permission has been approved for the neighbouring old brewery building for conversion into flats. £100 annual ground rent, 6.33% of total service cost of £5730 for 2016 (£362.88).

Disclaimer - None of the services have been tested. Measurements, where given, are approximate and for descriptive purposes only. Boundaries cannot be guaranteed and must be checked by solicitors prior to exchanging contracts. The details are provided in good faith, are set out as a general guide only and do not constitute any part of a contract. No member of staff has any authority to make or give representation or warranty in relation to this property. For sale by auction see www.agentspropertyauction.com

Disclaimer 2 - Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Entrance Hallway
Living Area	11'7\" x 16'10\" (3.53m x 5.13m). Two radiators.
Kitchen	12'8\" x 6'5\" (3.86m x 1.96m). Fitted with a range of floor and wall units with complementing work-tops, built in oven and hob, extractor, stainless steel sink unit, dishwasher, Integrated fridge and freezer, recessed spotlights, central heating combination boiler.
Bathroom	8' x 4'10\" (2.44m x 1.47m). Panelled bath, mains fed shower over and screen, pedestal hand basin, w.c.., radiator, recessed spotlights.
Bedroom one	14'8\" x 9' (4.47m x 2.74m). radiator.