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38 bedroom property

Auction
Property
38 beds
7663
EPC rating: E
Added > 14 days

Key information

TenureAsk agent
Council taxAsk agent
BroadbandUltra-fast 1000Mbps *
Mobile signal
EEO2ThreeVodafone

Features and description

  • By order of joint Receivers
  • Detached three storey building of c.744 sq m (8,010 sq ft)
  • Site Area: 0.07 hectares (0.19 acres)
  • Currently arranged as X38 rooms for student accommodation
  • Suit investor/developer - asset management opportunity
  • £144,000 per annum gross (refer to the legal pack)
  •  
  • Online Auction on Thursday, 21 September 2023

The property is a detached three storey building, constructed approximately 55 years ago of traditional cavity brick construction under a flat felt covered roof. The walls are rendered in part and painted. Fenestration is predominantly uPVC, double glazed throughout. Externally the property is secured with palisade fencing and there is a yard area. Internally the accommodation is arranged over ground and two upper floors and is used as student accommodation, with 38 rooms suitable for single occupation, together with communal areas, shared bathrooms and kitchens. The site area is about 0.07 hectares (0.19 acres).


Location:

Newcastle upon Tyne is located in the North East of England and has an Urban area population ofsome 200,000. Newcastle is principally accessed via the A1, A19 & A69. Newcastle Airport, 7miles north west of the city centre, provides international and domestic services. Sunderland is located 14 miles to the south east, South Shields 14 miles to the east and Carlisle 58 miles to the west. The subject property lies a short way to the west of the city centre and fronts Westmorland Road,the A186, which links directly to the A1(M). The property is in close proximity of the main campus of Newcastle College.


Tenancy:

The property is sub-let for 5 years from 01/11/2021 to North Agent Properties Ltd at a rent of £144,000 per annum. We have been informed that the tenant has not been paying any rent to the vendor. It will be the responsibilty of the buyer to obtain any rent arrears/possession and serve any appropriate notices - Please refer to legal documents.


Online Auction on Thursday, 21 September 2023. For further information, such as legal documents and property information, please visit bidx1.com.
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About this agent

BidX1 - Nationwide Auctions
BidX1 - Nationwide Auctions
Henry Wood House, 4-5 Langham Place London W1B 3DG
020 8033 0374
Full profileProperty listings
BidX1 are market-leaders in the digitalisation of property transactions, allowing buyers and sellers across the globe to complete transactions online in the most efficient and transparent manner. We combine industry-leading property expertise with proprietary technology to provide unparalleled levels of transparency, analytics and global reach, challenging the traditional process of marketing and transacting real estate. Our technology facilitates end-to-end online transactions, from listing to exchange of contracts.  To date BidX1 has sold over 20,000 properties through their digital platform, attracted visitors from 173 countries and buyers from 32 countries. A total value of £4 billion worth of property sold has been sold via our digital platform.  BidX1 currently operates in the UK, Ireland, and Cyprus, with further expansion into other European markets planned to meet the demand for an alternative to existing sale processes. BidX1 has a varied customer base, including multiple institutional investors, banks, listed vehicles, receivers, liquidators and propcos, as well as individual private sellers wishing to avail of the transparency and data that the digital platform provides.  Their innovative approach has earned them recognition in the form of a number of accolades, including the Irish Times' New Frontiers Award 2018 and the Investment Award 2018 at the Estates Gazette Tech Awards. BidX1 has also been shortlisted for Newcomer of the Year and Proptech Innovator of the Year at the Property Awards 2019 as well as for Proptech Company of the Year at the PROPS Awards 2019.
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