171 St. Vincent Street, SOUTH SHIELDS, Tyne And Wear, NE33 3BJ
- Conditional Online Auction Sale
- Bedrooms: 3
THE GOTO GROUP ARE PLEASED TO OFFER FOR SALE VIA ON LINE AUCTION THIS THREE BEDROOM FLAT IN SOUTH SHIELDS
Tenure
LEASEHOLD
Description
IDEAL FIRST TIME BUY OR INVESTMENT PROPERTY.
A spacious first floor flat Ideally located and situated within walking distance to the beautiful sea front and South Shields and within close proximity to Town Centre offering a wide range of amenities, shops, restaurants and pubs. The area offers good transport links and good access roads for those looking to commute. This property would interest a wide range of buyer, from someone looking for their first property to an investor looking for a buy to let situated in a prime area. This type of property could achieve anything from £450 PMC offering a 6.5% return.
This well presented three bedroom first floor flat with a rear extension. Boasting spacious rooms with high ceilings and rear yard and briefly comprises of; entrance hallway with stairs to the first floor, lounge/ bedroom one, dining room, kitchen, bathroom and two further bedrooms.
Viewing is highly recommended to appreciate what this property has to
Entrance Hallway
Entrance door to stairs to the first floor landing with a central heating radiator and loft access.
Lounge
18'1 x 13'3
Currently being used as a lounge however is traditionally main bedroom, comprising: feature fire surround with electric fire, central heating radiator and double glazed bay window.
Reception Room
14'4 x 13'3
Double glazed window and central heating radiator.
Kitchen
13'1 x 7'8
Fitted wall and base units with work top surfaces, stainless steel sink unit with mixer tap, ceramic wall and floor tiles, electric oven and hob with extractor canopy, plumbing for an automatic washing machine, central heating radiator and double glazed window.
Bathroom
Extended bathroom comprising; Panelled bath with shower over, low level w.c, pedestal hand wash basin, central heating radiator, two double glazed windows and storage cupboard.
Bedroom
10'4 x 7'5
Laminate wood flooring, double glazed window and central heating radiator.
Bedroom One
10'9 x 7'8
Fitted wardrobes, laminate wood flooring, double glazed window and central heating radiator.
Rear View
To the rear of the property is an enclosed, shared paved yard.
EPC Rating
CURRENT 56/71 POTENTIAL
Opening Bid and Reserve Price
This Property is subject to an undisclosed Reserve Price which in general will not be 10% more than the Opening Bid. The Reserve Price and Opening Bid can be subject to change. The Online Auction terms and conditions apply.
Comments
This property is offered for sale via Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer, but will be given 56 working days in which to exchange and complete the transaction from the date the Draft Contract is issued by the sellers solicitor.
By giving a buyer time to exchange contracts on the property, normal residential finance can be arranged. The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer reserve the property to the buyer during the Reservation Period and are paid in addition to the purchase price and are considered within calculations for Stamp Duty Land Tax. Further clarification on this must be sought from your legal representative.
The buyer will be required to give the Auctioneer authority to sign the Reservation Form on their behalf and to confirm acceptance of the Terms and Conditions prior to solicitors being instructed. Copies of the Reservation Form and all Terms and Conditions can be found in the Information Pack which can be downloaded from our website or requested from our Auctioneer.
If the vendor accepts an offer, the buyer will be required to make payment of a non-refundable reservation fee of £5,382 including VAT and a legal pack charge of £372 including VAT. This reserves the property for the buyer during the Reservation Period. Any additional fees and charges over and above this will be confirmed within the terms and conditions available on the website.
The Buyer's Premium is in addition to the final selling price and is considered within calculations for Stamp Duty Land Tax.
All buyers will be required to verify their identity and provide proof of how the purchase will be funded.
Buyer's Administration Charge
If the Buyer Information Pack has been produced and provided by GOTO Group any successful purchaser will be required to pay the fee specified above towards the cost of the preparation of the pack. These can then be used by your solicitor to progress the sale.
Buyer Fees
There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:
- You will need a Solicitor to act for you during the conveyancing and your Solicitor will advise you in relation to the associated costs. If you do not have a Solicitor, we can recommend the services of one of our Panel Solicitors who are all selected for their expertise in Auction Transactions. Please call the number below for more information.
- Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland. Please click here for more information.
Energy Performance Certificate (EPCs)
An EPC is broadly like the labels provided with domestic appliances such as refrigerators and washing machines. Its purpose is to record how energy efficient a property is as a building. The certificate will provide a rating of the energy efficiency and carbon emissions of a building from A to G, where A is very efficient, and G is inefficient. The data required to allow the calculation of an EPC includes the age and construction of the building, its insulation and heating method. EPCs are produced using standard methods with standard assumptions about energy usage so that the energy efficiency of one building can easily be compared with another building of the same type. The Energy Performance of Buildings Directive (EPBD) requires that all buildings have an EPC when they are marketed for sale or for let, or when houses are newly built. EPCs are valid for 10 years, or until a newer EPC is prepared. During this period the EPC may be made available to buyers or new tenants.
Loading the bidding panel...
Office Contact
Agreement Documents
Additional Documents
Related Documents
Share
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.