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.

An investment opportunity to purchase this mid terrace property which does require modernisation and refurbishment however does presently boast double glazed windows and central heating. Another noteable feature is the lawned garden to the front of the property.

The property briefly comprises entrance hall, breakfasting kitchen, living room, rear lobby and a utility room. To the first floor there are 3 bedrooms and a bathroom/wc. Externally there is a yard to the rear and a lawned garden to the front. The auction administration fee on this lot is £1,500 + VAT (£1,800).

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 sellersmin imum 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.