1 bed Flat For Sale £140,000
Centralofts, Waterloo Street, NE1

* ONE BEDROOM THIRD FLOOR APARTMENT IN CENTRALOFTS DEVELOPMENT * Situated in the heart of Newcastle's bustling city, this third floor apartments benefits from part time concierge service and is offered with no onward chain. The apartment benefits from a city centre location providing access to transport links, shops, bars & restaurants. The accommodation provides; entrance hall, two storage cupboards, open plan living/kitchen area and bathroom. Viewings are highly advised to appreciate the accommodation on offer. Energy Efficiency Rating C. Council Tax Band C.

Entrance Hall
Two storage cupboards, one housing hot water tank, radiator in hallway.

Living Room/Kitchen Area
(7.50m x 4.44m MAX)
Living Area
Double glazed window, radiator, television and telephone connection points and entry phone system.

Kitchen Area
Range of wall and base units with worktop surfaces incorporating stainless steel sink unit with mixer tap, electric oven and hob with extractor fan above, built in fridge/freezer, dishwasher and plumbing for washing machine.

Bedroom
(4.19m x 3.12m)
Double glazed window, radiator.

Bathroom
(2.21m x 1.81m)
Panelled bath with shower overhead, WC, pedestal wash basin, extractor fan, wall mounted towel rail, part tiled walls and tiled floor.

Leasehold Information
There is a remaining 103 years on the lease approximately. We have been advised there is an approximate service charge of £5047.00 per annum. Please note the service charge has been increased recently to account for recent repairs to the building to make if fully compliant with the latest fire safety standards and for any additional works in the future. There is a resident’s committee for the building.

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.

We have been advised by the managing agents that remediation of the rear wall render is expected to commence in 2024. Funding from the Building safety fund is awaited. An EWS1 is in place (2020) advising that work is required. The full costs and workings have been submitted and have pre-approval via Homes England’s solicitors. It is currently going through final approval - before funds are released.

Material Information
Tenure: Leasehold
The block is managed by Kingston.
Council Tax: Band C. Authority; Newcastle City Council. For current rates please visit: Utilities: Mains sewerage, water and electricity are connected. Please note there is no gas supply to the property.
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: There is no parking available with this property.

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.