Property description

NO BUYERS PREMIUM. For sale by auction Thursday 27th August 2015 at the Newcastle Marriott Hotel, Gosforth Park Newcastle, NE3 5HN - Registration 6:30pm for 7.00pm start. Option 1.

Appealing to the investor is this mid terrace property offered for sale with vacant possession. The property can be improved and with adaption (subject to planning and building regulations)
increase the number of bedrooms. The house currently has double glazed windows and electric
heating.

The accommodation briefly comprises entrance lobby, living room, inner hall, kitchen and a
conservatory. To the first floor there is a bedroom, dressing room leading to the bathroom.
Externally there is a yard to the rear.

RENTAL COMPARABLES: Current 2 bedroom terrace houses are being offered for rent at £350 pcm - £400 pcm.

The auction administration fee on this lot is £1,500+ VAT.

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.