Q05, True Student Newcastle Glassworks, Coquet Street, Newcastle Upon Tyne, Tyne and Wear

This property is for sale by Modern Method of Auction powered by iamsold LTD - Starting Bid £20,000 + Reservation Fee

SEVEN KEYS welcome to the market this studio apartment, as an ideal investment purchase. The property consists of an open plan living room/ kitchen, with modern bathroom and study area. The building itself offers an on-site gym and cinema room.

The Newcastle true Suites are a private student studio style accommodation complete with a kitchenette and ensuite bathroom boasting a spacious double shower. The location of the uni accommodation means that it's a perfect option for both students at Newcastle or Northumbria Uni.

The unit is on the ground floor and has an area of 19sqm , 204.44 sqft. Current net rent is circa £3,250pa.

This is a leasehold property 995 years was granted in 2015.

Auctioneer comments:

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).

If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The buyer will pay £300.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.