Maisonette For Sale by Traditional Auction - T & C's apply. Final Bids are required before 10:30am on Friday 29th September 2023.

Location - The property is located on the east side of Vicarage Street in North Shields, Tyne & Wear. Vicarage Street connects with Waterville Road near to the roundabout intersection with Prudhoe Street (A187) and Hylton Terrace (A1149) on the western edge of North Shields Town Centre.

Description - A significantly fire damaged first floor maisonette flat set within a two storey mid-terrace building also containing a ground floor flat that does not form part of the sale.

Accomodation - No internal inspection was possible however we are advised that accommodation included a living room, kitchen, bathroom with WC and three bedrooms.

This is consistent with maisonette flats in the local area.

Floor Area - Gross internal floor area approximately 109sqm

External - Yard to the rear.

Tenure - Long Leasehold 999 years from 17th January 1986.

Council Tax Band - Enquiries via the Direct.Gov Agency website indicates that the property is assessed under Council Tax Band A.

Additional Information - The property was significantly damaged by fire on 16th January 2023. A member of the family living at the property tragically died.

Internal viewing is not available.

The property is subject to an 'Abatement Notice under section 80 of the Environmental Protection Act 1990'. This requires the property owner to ensure that a new roof structure over and covering the property as per Building Regulation 2010 Standards within four calendar months from 23 August 2023. A copy of the full notice is contained within legal documentation.

Energy Performance Certificate - The property is current rating of 33F.

The EPC was carried out prior to the fire.

Auctioneer Comments - This property is for sale by Traditional Auction. The buyer and seller must Exchange immediately, and Complete 28 days thereafter. Interested parties personal data will be shared with the Auctioneer (iamsold).

The buyer pays a non-refundable deposit of 10% of the purchase price upon exchange.

A Buyer Information Pack is provided. The buyer will pay £300.00 including VAT for this pack which you must view before bidding.

The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.20% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.

Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Referral Arrangements
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment.

Final Bids - Final bids are required before 10:30am Friday 29th September 2023.