Residential Portfolio in NE5
Netherby Drive, Newcastle Upon Tyne, Newcastle upon Tyne, Tyne and Wear, NE5 2RS
Online auction
- Investment Opportunity
- 4 Self Contained One Bed Flats
- Close to Local Amenities & Transport Links
- Freehold Title
Residential Portfolio in NE5
For sale via secure sale online bidding - terms and conditions apply.
Investment Opportunity – Block of 4 Self-Contained Flats
Situated on Netherby Drive in Fenham, Newcastle Upon Tyne, this detached building presents an excellent investment opportunity comprising four self-contained one-bedroom flats. Positioned within a well-established residential area with strong local rental demand, the property offers immediate appeal to landlords and investors seeking a ready-made multi-unit asset.
The property benefits from a private driveway providing off-street parking, together with both front and rear gardens offering outdoor space for tenants. Each flat is self-contained, providing independent accommodation ideal for professional tenants, singles, or couples. We are advised 2 flats are currently tenanted.
Internally, the flats offer well-proportioned accommodation with separate living areas, kitchens, bedrooms, and bathrooms. The detached nature of the building provides added privacy and a strong standalone presence rarely available within this type of investment property.
Key Features
- Detached block comprising 4 self-contained one-bedroom flats
- Excellent investment opportunity
- Driveway with off-street parking
- Front and rear gardens
- Popular residential location in Fenham
- Close to local amenities and transport links
- Strong rental potential
- Freehold property
Summary
- Property Type: Residential Portfolio
- Tenure: Freehold
- Parking: On Street
Location
Conveniently located close to local amenities, shops, schools, and transport links into Newcastle City Centre, the property is well placed for continued tenant demand and long-term investment growth.
Tenure
Freehold. Title number TY353941.
EPC
All flats are of EPC rating D and available upon request.
Additional Information
For further information please contact our office direct on 0191 737 1154, or alternatively via e-mail on commercial.ne@pattinson.co.uk. With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.
Floor Plan
Timescales
Contracts will exchange immediately. There are 28 days in which to complete the purchase.
Legal Pack
A legal pack is available to download. Special conditions may apply.
We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.
Deposit
In order to secure the purchase a buyer will pay a deposit of 5%, subject to a minimum £4000 which contributes towards the overall purchase price of the property.
The deposit is non-refundable.
Buyer Fees
This property is sold subject to a non-refundable reservation fee of 2.5%+ VAT to a minimum of £3,000 + VAT (£3,600 inc VAT) This does not form part of the purchase price.
More Information
For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk
ONLINE AUCTION NOTICE
I hereby acknowledge and confirm the following:
My bid may be accepted by the seller at any time before the close of the auction. It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack.
If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.
Any amount payable at the close of the auction must be paid within 1 hour.
Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second.
Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation.
Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.
The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.
It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.
The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice.
Minimum online bidding increments:
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,000 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid
Please note this bidding process applies specifically to online auctions.
More Information is available:
For more information, call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk
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