FOR SALE BY MODERN METHOD OF AUCTION - THREE BEDROOM SEMI DETACHED HOME FOR SALE on Tuesday 24th October 2023FOR SALE BY MODERN METHOD OF AUCTION - THREE BEDROOM SEMI DETACHED HOME FOR SALEFor Sale via Alternative (Modern) method of Auction. Viewings and bids are invited on this semi detached home which comes to the market with no onward chain and makes for a great first purchase or buy to let. Investors will be pleased to know, based on achieving £650 pcm the annual income will be £7,800 generating a potential gross yield in the region of 10% Hive Close is well placed for a range of local amenities including everyday shopping requirements, educational requirements and has good access to public transport and road networks. Early inspection is recommended. Alternative (Modern) method of Auction meaning - At the fall of the gavel or acceptance of an offer by the Seller, the Buyer will enter an exclusivity agreement with the seller. The buyer shall pay a non-refundable exclusivity fee to the value of 2.5% of the sales price or £3,500 plus VAT whichever is the greater. This symbolises the start of an exclusivity period of sale which will require an exchange of contracts to take place within 28 days of the buyer's solicitor receiving the contract pack. Completion of the sale must then take place within a further 28 days of the date of exchange of contracts. Full details and terms of exclusivity can be obtained from Auction House North East. Ground Floor Lobby - On arriving at this home buyers are welcomed to the entrance hall with stairs to the first floor. Lounge - 13'7 x 11'3 - Situated to the front of the property the lounge features a double glazed window which floods the room with natural light. Kitchen/Diner - 14'7 x 8'5 -Fitted with a range of base and wall units, drawers and work surfaces together with sink tap and splash backs. There's space for dining and a range of appliances.First Floor Landing - M

Tenure

Leasehold. The property is held on a 999 year lease from 01/01/1998 (thus approximately 974 years unexpired).

Viewing Details

Please contact Auction House North East on 01642 931060 for the viewing schedule

Services

Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.

Additional Fees

Administration Charge - There is no Administration Charge on this property

Disbursements - Exclusivity Fee of 3% inc VAT of the purchase price, subject to a minimum of £4200 inc VAT, payable immediately at the conclusion of Auction

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.