For sale by Unconditional Online Auction.

A two bedroom, duplex apartment in Gateshead, currently let and producing an income of £12,300 per annum.

A two bedroom apartment located within walking distance of Quayside and Newcastle City Centre. The property is ideally positioned, surrounded by amenities and services including shops, transport links and a selection pubs, bars and eateries.

The building benefits from secure intercom access, lift access to the upper floors and an underground car park. The property will be sold as is, fully furnished and let producing an income of £12,300 per annum, providing an 11%+ yield based on the guide.

Note- Currently the Curzon Place development is undergoing cladding remediation which will be completed by the end of May 2025, with the EWS1 Certificate being issued thereafter. Any internal compartmentation works that may be required will not be the responsibility of the new owner. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Accommodation

Lounge

Kitchen

Downstairs W/C

Bedroom one
With En suite

Bedroom two

Bathroom

Leasehold Information 125 years less one day from 1 November 2003. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.
Mobile Phone Coverage O2, EE, Three and Vodafone are available in this location.
Satellite and Cable TV Availability BT and Sky are available in this location.
Broadband (estimated speeds) Standard 17 mbps. Superfast 54 mbps. Ultrafast 1000 mbps.
Construction Material System built, as built, insulated (assumed). Information taken from EPC.
Flood Risk Flood Rivers and Seas No Risk. Surface Water High.
Parking There is a secure underground car park which requires a fob for entry. Each apartment can park one roadworthy vehicle in the car park. Spaces are unallocated.

Tenure: Leasehold

EPC Rating: C

Terms:
Auction Details:

The sale of this property will take place on the stated date by way of Timed Auction and is being sold under an Unconditional sale type.

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Deposit and Fees:

The following deposits and non- refundable auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT). 

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information:

For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).

Guide Price & Reserve Price:

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.