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56, Collingwood Court, Washington, NE37 3EB

Guide price: POA|Auction date: TBC|Lot: -|Flat, Residential

PROPERTY DETAILS

ADDRESS56 Collingwood Court, Washington, NE37 3EB
TYPEFlat, Residential
TENUREFor Sale Leasehold
TENANCYInvestment
POSTED ON1st November 2019

DESCRIPTION

**Unsold, the last bid was £16,000. Please refer to Auctioneer for Reserve**

A Two Bedroom Second Floor Flat Subject to an Assured Shorthold Tenancy Producing £3,120 per annum

The property comprises a second floor two bedroom flat situated within a purpose built building arranged over ground and four upper floors.

Tenure

Leasehold. The property is held on a 125 year lease from 01/04/1986 (thus approximately 92 years unexpired).

Location

The property is situated on a residential road close to local shops and amenities. The open spaces Albany Park are also within close proximity. Transport links are provided by the nearby A194(M) motorway which links to the A1(M) motorway.

Accommodation

Second Floor
Reception Room
Kitchen
Bathroom with WC and wash basin
Two Bedrooms

Exterior

The property benefits from communal gardens and a garage.

Tenancy

The property is subject to an Assured Shorthold Tenancy for a term of 12 months commencing 28/06/2018 at a rent of £260 per month (rolling).
Yield of 17%+

Current Rent Reserved

Current Rent Reserved £3,120 per annum

Services

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

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £900 inc VAT

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

LOCATION

Location: 56 Collingwood Court, Washington, NE37 3EB

Heworth (3.2 miles)

Chester-le-Street (5.0 miles)

Sunderland (5.1 miles)

AGENT'S DETAILS

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