0 Emlyn Road, South Shields, Tyne and Wear, NE34 0PG

Lot No. 30
No Bids
The property is let on the current government backed Long term contract for social housing use with a major Blue chip PLC, There are no other costs for the owner as other than insurance & annual Gas certification. There is no Council Tax, Utility Bills are all covered within the contract. No voids…no maintenance unless structural…no management. This saves the investor time and money. The leases are 5 to 10 years. Due to these long leases banks do not want to lend. Thus we sell for cash. The property is currently achieving between 7% and 8 % yield Unconditional Sale- The Purchaser shall pay a 5% deposit (subject to a minimum of £5,000) upon the fall of the hammer. In addition a 3% Buyers Premium + VAT (Minimum Fee £5000 + Vat) and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated). The Agent has not tested the utilities, appliances, or inspected the roof space. The floor plans and dimensions are for guidance only.
Auction Starts April 27th 2022
Guide Price:
£84,000+ fees
Starting Price:
£84,000+ fees
Guide Price: £84,000 + fees
Call Contact

More Properties

  • Lot 14
    Guide price
    £145,000

    Apartment 109 The Litmus Building, 195 Huntingdon Street, Nottingham, Nottinghamshire, NG1 3NT

    An excellent opportunity to own a first floor apartment in the middle of town centre
    2 Bedrooms
    Auction Starts June 15th 2022
    View Property 195 Huntingdon Street
  • Lot 2
    Guide price
    £230,000

    7 Union Street, Jarrow, Tyne and Wear, NE32 3PD

    *IN NEED OF COMPLETE RENOVATION*
    View Property 7 Union Street
  • Lot 18
    No Bids
    Guide price
    £90,000

    Harbour Littlehampton Marina, Ferry Road, Littlehampton, West Sussex, BN17 5DS

    View Property Ferry Road