4 bed flat for sale

Station Road East, Trimdon Colliery, Trimdon Station TS29

Summary

For sale via online auction.

Pattinsons are pleased to offer to market this tenanted investment opportunity. Located within the small village of Trimdon Station, the properties currently are both rented at 475 pcm upper flat, 499 pcm lower, giving a total monthly income of 974 to any prospective new owner.

The ground floor flat is the larger of the pair and is accessed via rear lane. The gates lead to the communal yard and store area for the bins. You enter the flat into the kitchen, then the family bathroom with overhead shower and bathtub to the rear of the property. Leading off to the front is the large and bright living room with a spacious storage cupboard, under the stairs of the upper flat. Beyond this, to the front of the flat are the two bedrooms, one double and one single, both with double glazed windows and gas central heating radiators.

The upper floor flat is accessed via the front street, You enter the flat into a entrance hallway with staircase up to the first floor flat, enter into the kitchen diner, then the family shower room with shower cubicle to the rear of the property. Leading off to the front is the large and bright living room, Beyond this, to the side of the flat are the two bedrooms, one double and one single, both with double glazed windows and gas central heating radiators.

Trimdon Station is located with a short rural drive to the A19 giving a 40 minute drive to Newcastle, 30 minutes to Darlington train station and 25 minutes to Middlesbrough. If you are looking to settle in a quiet village and love a location close to the east coast, Trimdon Station is a great option.

If you are looking for investments that offer village life but not too far from larger cities, east coast air and easy access to transport links.

Council Tax Band: A
Tenure: Leasehold
Length of Lease: 108

Auctioneers Additional Comments

Pattinson Auction are referred to as The Auctioneer. This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer. The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change. An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.