Studio for sale

* STUDIO APARTMENT IN BALTIC QUAYS DEVELOPMENT WITH UNDERCOVER PARKING * With an approximate current rental value of £825-£850 pcm this property offers an ideal investment or first time buy opportunity. Situated on the banks of the River Tyne overlooking Newcastle's bustling City conveniently located for the Quaysides, City, Universities and transports links. The property provides; Entrance Hall, studio bedroom area, living area, fitted kitchen with integrated appliances and bathroom. Efficiency Rating C. Council Tax Band C.

Entrance Hall
Door to;

Bedroom Area 3.13 m min x 3.27 m min
Storage cupboard, double glazed window.

Bathroom 2.36 m max x 1.86 m max
Panel bath with shower, pedestal wash basin, WC, tiled splashbacks and tiled flooring, double glazed window.

Kitchen Area 4.11m max x 2.17m min
Range of wall and base units with roll edge worktop surfaces incorporating stainless steel one and a half bowl sink unit with mixer tap, splashbacks, integrated electric oven and hob with stainless steel splashback and extractor above, built in washing machine and fridge/freezer, tiled flooring.

Living Area 7.51 m max x 1.67 m min
Double glazed window, wall mounted electric heater.

Leasehold Information
We have been advised at the outset of marketing the property is Leasehold with approximately 975 years remaining- 999 year lease from 2000. Approximate service charge of £2600 per annum. We are advised the ground rent is £100.00 per annum. The ground rent is reviewed every 21st anniversary of the commencement date of the lease and increases by the percentage difference between the review value and the first value of the property. Please note we have not inspected the head lease.

Please be advised the building has a compliant EWS1 (External Wall Survey).

Material Information
Tenure: Leasehold. The block is managed by RMG UK.
Council Tax: Band C. Authority; Gateshead Council. For current rates please visit;gateshead.gov.uk/article/2641/Council-Tax-valuation-bands
Utilities: Mains sewerage, water and electricity are connected. Please note there is no gas supply to the property. Heating is via electric heaters.
Broadband: Follow the link to check broadband providers and speeds; Broadbandcheck.co.uk
Mobile Phone Coverage: Follow the link to check mobile signal for all networks; Signalchecker.co.uk
Parking: There is a undercover parking bay available (Bay 96), pemit required.

You would need to instruct your solicitor to review the lease for any restrictive covenants, we have not been advised of any at the outset of marketing. Please note the lease can be made available upon request.