Front Street, Consett, County Durham, DH8

£199,950

Guide price

  • Bedrooms: 12
For Sale by Auction to be held on 26th February 2020 at the Newcastle Grand Hotel (formerly The Marriott Hotel) Gosforth Park Newcastle NE3 5HN - Registration 6:30pm for 7pm start. Option 1

An investment opportunity to purchase this "up and running" portfolio of eight flats located within the middle of Consett town centre with a potential rental income when fully let of approx £37,500. The development consists of two blocks of flats each consisting of 2 x two bedroom flats and 2 x one bedroom flats. We are advised that seven of the eight flats are currently let generating an income of just over £33,000.

The properties have been upgraded and modernised to include double glazed windows and electric heating and illustrations below are of the room layout of a one and two bedroom flat.

Disclaimer 1None of the services have been tested. Measurements, where given, are approximate and for descriptive purposes only. Boundaries cannot be guaranteed and must be checked by solicitors prior to exchanging contracts. The details are provided in good faith, are set out as a general guide only and do not constitute any part of a contract. No member of staff has any authority to make or give representation or warranty in relation to this property.For sale by auction seewww.agentspropertyauction.com

Disclaimer 2Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £750+vat (total £900) Auction Administration Fee. At your request we can refer you to a North East based Solicitor from our panel. It is your decision whether you choose to deal with them, should you decide to use them you should

Disclaimer 3A copy of title is available upon request.Draft property details awaiting vendors approval.

Marketed by Arrange viewing 01207 438026

J W Wood - Consett

16 Middle Street, Consett

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