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  • FOR SALE VIA AUCTION STARTING BID £25,000
  • NO. 125 SOUTH FREDERIDK ST AVAILABLE BY SEPARATE NEGOTIATION
  • GAS CONDENSING COMBINATION BOILER
  • UPVC FRAMED SEALED UNIT DOUBLE GLAZING INC FRONT & BACK DOORS
  • FITTED KITCHEN WITH BUILT IN APPLIANCES
  • WHITE COLOURED BATHROOM SUITE WITH SHOWER OVER BATH
  • TENANTED UNTIL NOV @ £450 PCM


This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, however from the date the Draft Contract is received by the buyers solicitor, the buyer is given 56 days in which to complete the transaction, with the aim being to exchange contracts within the first 28 days. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Reservation Fee of 4.2% of the final purchase price including VAT. This is subject to a minimum of £6,000.00 including VAT. This secures the transaction and takes the property off the market. Fees paid to the Auctioneer are considered as part of the chargeable consideration for the property by HMRC and will be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Buyer Information Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by Great North Property Auction powered by IAM Sold. The Reservation Fee is paid in addition to the final negotiated selling price.

A centrally located three bedroom, one reception room first floor flat which has been priced for a quick sale and has the benefit of immediate vacant possession. This property is an ideal purchase for a first time buyer, small family or indeed a property investor.  No. 125 South Frederick Street being the ground floor flat is also available by separate negotiation.

South Frederick Street is set back and overlooking Western Approach, there is a regular bus route to the town centre where a full range of shops and facilities may be found.  It is also within easy reach of South Tyneside College. For schools in the area contact www.southtyneside.info

The property benefits from the following accommodation

ACCOMMODATION

GROUND FLOOR

ENTRANCE VESTIBULE            

With UPVC framed double glazed front door, laminated floor covering, staircase to first floor, dado rail.

FIRST FLOOR

LANDING            

With access to loft, dado rail, radiator.

BEDROOM 3 (FRONT)
8’7” x 6’11”
(2.62m x 2.14m)

BEDROOM 1 (FRONT)
14’8” x 11’9”
(4.470m x 3.581m)            

With radiator, corniced ceiling.

BEDROOM 2 (REAR)
10’6” x 7’0”
(3.200m x 2.134m)            

With radiator.

REAR LIVING ROOM
14’7” x 11’8”
(4.445m x 3.556m)            

With a fireplace, t.v. aerial point, radiator.

KITCHEN
12’9” x 6’4”
(3.886m x 1.930m)            

With a range of fitted wall and floor units with laminated worktops, ceramic tiled surrounds, incorporating an electric oven, gas hob with extractor fan and light above, an inset stainless steel sink unit with mixer tap, plumbing for automatic washing machine, radiator, wall mounted gas condensing combination boiler for       heating the domestic hot water and central heating systems.

REAR HALL            

With staircase leading to the ground floor and rear yard which is accessed via a UPVC panelled back door.

BATHROOM            
14’0” x 5’1”
(4.267m x 1.549m)            

With a white coloured suite with chrome fittings comprising panelled bath with combi shower and glazed side splash panel over, pedestal washbasin, low level w.c. part ceramic tiled walls, two storage cupboards, radiator.

OUTSIDE

FRONT            

There is a walled and wrought iron fenced forecourt.

REAR          

There is a walled yard with a rear access.


TENURE:            

If the properties are to be sold as a pair Freehold, if sold separately new leases to be created.

VIEWING:            

Strictly by appointment via our South Shields office. Tel (0191) 4271414.

SERVICES:            

Mains, gas, electricity, water, drainage, gas condensing combination boiler.

FIXTURES & FITTINGS            

Included in the sale are fitted floor coverings and window blinds.  All furnishings negotiable.

COUNCIL TAX BAND            

South Tyneside Metropolitan Borough Council have advised this property falls within band C, however this should be checked with them. 

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