Guide Price = £28,000
**For Sale By Online Auction . To inspect the legal documents for this property go to our website to download the legal pack**
A First Floor Student Accommodation Studio Flat Subject to a Tenancy Producing £7,905 Per Annum
Tenure
Leasehold. The property is held on a 995 year lease from October 2015 (thus approximately 988 years unexpired).
Location
The property is situated on a mixed-use road close to local shops and amenities of the City Centre. The open space of City Stadium Park is within easy reach. Transport links are provided by Manors and Newcastle rail station.
Description
The property comprises a first floor studio flat situated within a purpose built building arranged over ground and four upper floors in a student living development.
Accommodation
First Floor
Studio room
Shower room
Exterior
The property benefits from access to communal facilities including a kitchen and various breakout areas.
Tenancy
The property is subject to a Tenancy for a term of 51 weeks commencing September 2022 at a rent of £155 per week.
There are no internal viewings
Addendum
The property is subject to a Tenancy for a term of 51 weeks commencing September 2022 at a rent of £155 per week (£7,905 per annum)
Please note that this property is subject to a Buyers Premium of £900 inc VAT. This is in addition to the buyer's admin fee of £1,200 inc VAT charged by the auctioneers. Both fees are payable to the auctioneers.
