No longer on the market
This property is no longer on the market
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38 bedroom property
Key information
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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