95 and 97, Chichester Road, SOUTH SHIELDS, Tyne and Wear, NE33 4HE

Freehold house arranged as two flats,
One x three bedroom flat,
One x two bedroom flat,
Investment Let on Assured Shorthold Tenancy,
Rent reserved total - £12,588 per annum.
Location:
The property is located on Chichester Road. Shopping amenities are available locally within South Shields Town Centre with a further range of shops, bars and restaurants found in Newcastle City Centre lying to the west. Public transport links can be found at Chichester (Tyne and Wear Metro Station) located to the north and at Brockley Whins Rail Station along with a network of local bus services serving the surrounding areas. The property is served by road links including the A194 located to the west and the A1300. Recreational pursuits are available at Temple Memorial Park.

Description:
A freehold mid terrace house arranged as two self-contained flats. The first floor offers a three bedroom flat. The ground floor offers a two bedroom flat. Both flats are currently subject to an assured shorthold tenancy.

Accommodation:

95 Chichester Road:
Three bedrooms, two reception rooms, kitchen, bathroom/WC

97 Chichester Road:
Two bedrooms, reception rooms, kitchen, bathroom/WC

Tenancy:

95 Chichester Road:
The property is let on an assured shorthold tenancy for a term of 12months from 15/11/2022 at a current rent of £550 per calendar month.

Rent reserved:
£6,600 per annum

Tenancy:

97 Chichester Road:
The property is let on an assured shorthold tenancy for a term of 3 years from 09/09/2022 at a current rent of £499 per calendar month.

Rent reserved:
£5.988 per annum

Total rent reserved (95 & 97 Chichester Road):
£12,588 per annum





Important Notice:
For each Lot, a contract documentation fee of £1,500 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.

Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.

When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst Barnard Marcus make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.


1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.