Hedley Place, Wallsend, Tyne and Wear, NE28 8LY

To Be Sold Via Online Auction, Fees Apply.

BRILLIANT INVESTMENT OPPORTUNITY – THREE BEDROOM MAISONETTE – £725 PCM RENTAL INCOME – FULLY MANAGED

An excellent opportunity for investors to purchase this well-appointed three-bedroom maisonette, ideally situated on Hedley Place, Wallsend, just off the High Street and within easy reach of a fantastic range of local amenities and excellent transport links.

The property is currently tenanted, generating an attractive rental income of £725 per calendar month (£8,700 per annum), and is let and fully managed through ourselves, offering an ideal turnkey investment opportunity for landlords looking to add to their portfolio.

Internally, the accommodation briefly comprises an entrance hall, spacious living room, kitchen/diner, three well-proportioned bedrooms, a bathroom and separate WC. A particular feature of the property is the enclosed external balcony, accessed directly from the living room, providing additional outdoor space.

Ideally positioned close to shops, supermarkets, public transport links and the wider amenities of Wallsend High Street, this property is perfectly suited to investors seeking an established rental income in a convenient and popular location.

An excellent addition to any investment portfolio. Early enquiries are highly recommended. Call our Wallsend office now

Council Tax Band: A Tenure: Leasehold Length of Lease: 119 Annual Service Charge Amount: £576.00

Entrance Hall

Living Room 3.22m x 4.42m

Kitchen Diner 3.53m x 3.96m

Bedroom 1 2.53m x 4.53m

Bedroom 2 2.67m x 2.84m

Bedroom 3 2.64m x 2.06m

Bathroom 1.72m x 1.75m

WC 0.84m x 1.76m

Balcony

Auctioneers Additional Comments Pattinson Auction are referred to as The Auctioneer. This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer. The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Auctioneers Additional Comments The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change. An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.