Property for sale
Key information
Property description & features
- Student accommodation room
- Classic en-suite room style
- Potential income £5,460 to £5,820pa
- Communal kitchen and gardens
- Popular location
- Long leasehold (250y from 2016)
We are pleased to offer to auction a student accommodation room, set within a substantial building block (3-5) of 22 rooms, situated in the popular area of Thornaby, Stockton-On-Tees.
We are advised that all rooms are easily rented out with no void periods due to the locality, with the building being directly next to Thornaby train station. The current rent achievable on this room is from 105pw-112pw (£455-485pcm). This 'classic' style room comprises of a bed and en-suite with a communal kitchen and gardens. We are advised the building benefits from electricity only (no gas).
Please note we have not inspected this property.
Rooms
Location
The subject property is located along Mandale Road, in the popular area of Thornaby, Stockton-On-Tees, directly next to Thornaby train station.
Lease Details
The rent achievable PCM is £485. This room has 250 years left on the lease which commenced 30th September 2016. The ground rent is payable to Premier Ground Rents which the current vendor pays quarterly at an agreed amount of £145.62. On top of this the building has a service charge of £3030 for the year, the vendors owe £1,514.76 since 28th March.
Tenure
Long leasehold of 250 years commencing on 30 September 2016. Title number CE231784.
We are advised that the ground rent is payable to Premier Ground Rents, which the current vendor pays quarterly at an agreed amount of £145.62. The building also has a service charge of £3,030 for the year, and we are advised that the current owner owes £1,514.76 since 28th March 2023. Please refer to the legal pack for further information.
EPC
Available upon request (rating E).
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.
Places of interest
See more properties like this:
*DISCLAIMER
Property reference 432761. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Pattinson - Commercial.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on January 31, 2023
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on January 31, 2023
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.