Lot 77
Flat - Flats / Apartments
119 Scarborough Road
Newcastle upon Tyne, Tyne and Wear, NE6 2RU
£28,000+
Guide Price
A Vacant Two Bedroom Ground Floor Flat. ERV of £5,385.12 per annum if Let at the Local Housing Authority Rate.
Description
The property comprises a two bedroom ground floor flat situated within a mid terrace building arranged over ground and first floors.
Tenure
Leasehold. The property is held on a 99 year lease from 27th January 1984 (thus approximately 63 years unexpired) at a peppercorn ground rent.
Location
The property is situated on a residential road close to local shops and amenities. Numerous green open spaces are also within close proximity. Transport links are provided by Newcastle Central and Manors rail stations.
Accommodation
Ground Floor
Reception Room
Kitchen
Two Bedrooms
Bathroom with WC and wash basin
Reception Room
Kitchen
Two Bedrooms
Bathroom with WC and wash basin
Exterior
The property benefits from a rear yard
Tenancy
The LHA rates for a 2 bedroom property in this postcode is £103.56 per week. Thus potential income of £5,385.12 per annum (source: https://lha-direct.voa.gov.uk).
Addendum
Sold Prior
Additional Fees
Administration charge: £1,200 including VAT unless otherwise stated in the addendum.
Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.
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Sold Prior
For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk
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