1 bedroom flat for sale
Key information
Property description & features
- Tenure: Leasehold
- Sought After Baltic Mill Development
- Short Walk To Newcastle City Centre
- Spacious 1 Bed Ground Floor Apartment
- HUGE 9.3% Gross Rental Yield
The property is situated on the ground floor and there is a path to the property that gently rises up from the car park and street. The apartment is located on the ground floor and has the benefit of being fully accessible for wheel chairs if this was required.
Located near to the property are the famous land marks of the Baltic Centre For Modern Art and the Glass House International Centre For Music. Directly in front of the property are uninterrupted views of the river bank and Newcastle Quayside beyond and the promenade. The property makes an ideal base for those that love being immersed in culture, or a walk, jog along the river bank promenade.
The accommodation on offer briefly comprises:- reception hallway, open plan kitchen/ dining/ lounge, one bedroom and main bathroom. Externally the property also benefits from one secure parking bay.
The property would suit first time buyers, those who would love a pied a terre on the River bank, or even a superb investment. The property has recently been rented for for £1200 per calendar month- representing a staggering 9.3% gross yield.
An early internal inspection is strongly recommended to appreciate the quality and value of accommodation on offer..
Council Tax Band: C
Tenure: Leasehold
Length Of Lease: 227
Rooms
Front of Property
Eye catching apartment block located a handful of steps to the riverbank promenade. The apartment is located on the ground floor and comes with a private allocated parking space.
Entrance Hallway
The property definitely has the wow factor with this striking entrance hallway which has post boxes for each apartment. This apartment is located just off the main foyer.
Entrance Vestibule
As you enter from the main Foyer, you have a small entrance hallway with storage cupboard. The floors are strip hardwood flooring throughout.
Kitchen/Lounge/Diner
This spacious kitchen lounge area is very well laid out and is dual aspect which allows light to pour into the space throughout the day. The Room has space for a dining table, 2 sofas and has an excellent sized kitchen with newly installed oven and hob - ideal for those that love to cook and entertain. The kitchen is a wood effect shaker style with contrasting roll top worktops with a peninsular noodle bar. The property has integrated appliances including fridge freezer, dishwasher, oven, hob and extractor. The heating is electric throughout and the floors are both tiled and strip hardwood flooring.
Main Bathroom
Neutrally finished and spacious bathroom with fitted bath with thermostatic shower valve over and fixed glass bath screen. There is a low level WC, pedestal sink with tiled splash back and wall mounted mirror over and towel warmer. The floors and shower wall areas are fully tiled with a neutral style tile. The room is naturally lit by a window at high level above the bath which has privacy glass has ceiling extractor fan and shaver socket.
Bedroom 1
The bedroom is beautifully presented and has been well configured to provide space for chest of drawers, double bed, bedside tables and a walk- in storage cupboard with hanging space. The room is fully carpeted throughout and has an electric radiator.
View
This picture is taken from over the road from the apartment block. This is the promenade that takes you to the Gateshead Millenium Bridge.
Garage
Located adjacent to the Apartment block is the garage which has remote control access and an allocated private parking space. The space was purchased by the current vendor for £15,000 when the apartment was purchased a number of years ago. Due to the cost of parking locally, this space could be rented out if the future owners do not require its use
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.
Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.
A Legal Pack associated with this particular 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.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.
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 of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
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Broadband availability and predicted speed: obtained from Ofcom on December 16, 2021
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