Lot -
Auction
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38 Hastings Gardens, New Hartley, Whitley Bay, NE25 0RN

Auction
United Kingdom
Terraced House
Residential

*GUIDE PRICE £95,000

Bidding deposit £3,500 *fully refundable if unsuccessful bidder

Extension period added...

Auction Date 17 February
Closing Time 10:00:00 (GMT)

Available viewing

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+44 (0) 20 7703 4401
Email
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Property Summary

  • Virtual freehold 3 Bedroom House
  • Residential Investment
  • Tenant Holding Over - Producing £6,300 pa

Contact Us

Simon Riggall
Simon Riggall
Property Agent, here to help.

Contact Us

Simon Riggall
Simon Riggall
Property Agent, here to help.

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Tenure

Long Leasehold - 999 years from 1972 at £30 pa

Property description

The property lies in a quiet residential location and comprises a traditional mid terraced two storey house with rendered elevations beneath a pitched slate roof.
There is a reception room and fitted kitchen/diner on the ground floor and three bedrooms on the first with bath/wc .
There is off street parking at the front of the property with a shared covered passage leading to a large rear garden. The property provides a well decorated family home.

Location

The village of New Hartley is a suburb lying upon the northern edge of the small town of Seaton Delaval, population some 4,500, all forming a part of the Whitley Bay larger urban area. Whitley Bay is a popular seaside resort town situated upon the northeast coast, about 10miles to the north east of the City of Newcastle, 3 miles to the north of Tynemouth and just to the north of the A19 Tyne Tunnel. The town has a population of circa 38,000 and has seen considerable new residential development. 
The area enjoys excellent communications with the Tyneside Metro system offering a 25 minute commute into Newcastle City centre, and the A19 accessing the City Centre via the A1058, the A1 to the north and South Shields, Sunderland and Middlesbrough to the south. There are plans in hand to extend the Metro to Seaton Delaval and other coastal towns.
The recreational centre of Whitley Bay is based upon the recently refurbished Spanish City leisure complex as well as a theatre and other attractions including a long promenade running along open sandy beaches. New Hartley lies to the north of the town centre within the junction of the A19 with the A189 coast road, the A192 and A190. The property lies within a network of residential streets of similar properties. The immediate vicinity is seeing considerable new residential development with a Barratt scheme underway close by.

VAT

VAT Not Applicable.

Tenancy

The property is let to S. Hayes on an AST for a term of 12 months from 02/07/2013 - holding over/Statutory Periodic Tenancy

Total Rent Reserved £6,300 pa (£525 pm)


*Terms & Conditions

Buyers are strongly advised to read these terms and conditions, and check the Special Conditions and any applicable Addendum, prior to bidding on a Lot. Additional costs, charges and encumbrances may apply for Buyers once they have made a successful bid in relation to a property.

  1. The reserve price is the minimum price at which the property can be sold at auction.
  2. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller may be prepared to sell on the date on which the guide price, or range of prices, is published. The sale price, whether prior to or at the auction, can be above or below the guide price depending upon market activity. BidX1 and the seller accept no responsibility for any losses, costs or damages incurred by a buyer as a result of relying on any guide price. The buyer must decide how much they should bid for any Lot. All guide prices are quoted subject to contract. Guide prices given by BidX1 or the seller cannot be accepted by the buyer as being a professional valuation for any purpose in accordance with the requirements or guidance notes of relevant professional bodies or other authorities.
  3. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any Lot may exceed the previously quoted guide price (as the seller may fix the final reserve price just before bidding commences).
  4. The guide price for the Lot does not include the administration fee of £1,295 (inclusive of VAT) for all properties up to £49,999, and £1,500 (inclusive of VAT)for all properties £50,000 and above charged by BidX1. In the case of a joint agent this administration fee will be £2,400 (inclusive of VAT). In addition, the guide price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.
  5. To participate in the sale BidX1 must hold a minimum amount from all bidders. This participation amount and administration fee is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £4,795 comprises £3,500 relating to your bidder security (partial deposit payment) and an administration fee payable directly to BidX1. A higher participation amount may be payable depending on the reserve price of the Lot.
  6. Please note that Lots may be sold or withdrawn prior to auction.
  7. All lots sold “Subject to Vendor Confirmation” will be subject to the acceptance and confirmation by the Vendor. The highest bid will be presented to Vendor, the vendor will have to either accept, decline or make a counter offer the highest bid within the confirmation period. Should the Vendor decide to make a counteroffer, then a private link will be sent to the Highest Bidder advising the offer the Vendor is willing to accept. The Highest Bidder will have to either accept or reject the Vendor’s counteroffer. The Vendor reserves the ultimate right, apart from the auctioneer, to accept and to decline to sell to the highest or any bidder, without giving any reasons.
  8. No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the seller in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the seller. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the seller. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller.
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