7 Northcote Place,Newcastle-under-Lyme, ST5 1HU

£250,000

To view: 01782 622155

For Sale by public auction on 9th April 2018. Live online bidding available. Guide price£250,000 plus.A period townhouse in a popular location close to Newcastle town centre andBrampton Park, the property is converted into eight flats which are currently let on ASTagreements generating a combined income of approximately £37,568

www.buttersjohnbee.com  l  36 High Street, Newcastle-under-Lyme, Staffordshire, ST5 1QL

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newcastle@bjbmail.com

7 Northcote Place, Newcastle-under-Lyme ST5 1HU

IMPORTANT NOTICEAs the Sellers agent, we are not Surveyors or Conveyancing experts and as such we cannot and do notcomment on the condition of the property or other issues relating to title or other legal issues that mayaffect this property, unless we have been made aware of such matters. Interested parties should employtheir own professionals to make such enquiries before making any transactional decisions. We have notcarried out a structural survey and the services, appliances and specific fittings have not been tested. Allphotographs, measurements, floor plans and distances referred to are given as a guide only and should notbe relied upon for the purchase of carpets or any other fixtures or fittings. Lease details, service charges andground rent (where applicable) and council tax are given as a guide only and should be checked andconfirmed by your solicitor prior to exchange of contracts. The copyright of all details, photographs andfloorplans remain the possession of bjb.

Flat 1Flat 1Flat 1Flat 1Currently let on AST agreement at £360.00 per month.

Flat 2Flat 2Flat 2Flat 2Currently let on AST agreement at £80.55 per week.

Flat 3Flat 3Flat 3Flat 3Currently let on AST agreement at £420.00 per month.

Flat 4Flat 4Flat 4Flat 4Currently let on AST agreement at £350.00 per month.

Flat 5Flat 5Flat 5Flat 5Currently let on AST agreement at £90.00 per week.

Flat 6Flat 6Flat 6Flat 6Currently let on AST agreement at £450.00 per month.

Flat 7Flat 7Flat 7Flat 7Currently let on AST agreement at £95.00 per week.

Flat 8Flat 8Flat 8Flat 8Currently let on AST agreement at £92.30 per week.

NBNBNBNBPlease note each flat has not been inspected by the selling agent.

Common Auction ConditionsCommon Auction ConditionsCommon Auction ConditionsCommon Auction ConditionsThis property is sold subject to our Common Auction Conditions (a copy is available onrequest).

Buyers Administration FeeBuyers Administration FeeBuyers Administration FeeBuyers Administration FeeA buyers administration fee of £840 including VAT is applicable to this lot. Thepurchaser will pay the fee whether the property is bought before, at or following theauction date.

Money Laundering RegulationMoney Laundering RegulationMoney Laundering RegulationMoney Laundering RegulationTo comply with Money Laundering Regulations, on acceptance of an offer for purchaseor letting, the buyer or prospective tenant will be required to provide identification toButters John Bee. Where a property is due to go to auction, all bidders will be requiredto register prior to auction.

Legal PackLegal PackLegal PackLegal PackPurchasing a property at auction is a firm commitment that carries the same legalimplications as a signed contract by private treaty. It is important that you consult withyour legal adviser before bidding and also your accountant regarding the impact ofVAT, if applicable, on the sale price. The legal pack can be viewed online via ourwebsite www.buttersjohnbee.com. Legal packs can also be viewed at the selling office.These documents should be passed to your legal adviser as they will help you make aninformed decision about the lot. If you need further legal information please contact thevendors solicitor whose details will be in the auction catalogue. Remember that you buysubject to all documentation and terms of contract whether or not you have read them.

ViewingsViewingsViewingsViewingsThis property is listed on our viewing schedule which can be found in the auctioncatalogue or on our web site.

Internet, Telephone or Proxy BiddingInternet, Telephone or Proxy BiddingInternet, Telephone or Proxy BiddingInternet, Telephone or Proxy BiddingInterested in this lot but cant attend the auction? You can bid by internet, telephone orby proxy by pre-registering with our auction department on 0800 090 2200 or emailauction@bjbmail.com. Further details are available in the catalogue.

AddendumAddendumAddendumAddendumCheck the latest addendum at buttersjohnbee.com for any alterations or changes to thecatalogue.

Guide PriceGuide PriceGuide PriceGuide PriceAn indication of the sellers current minimum acceptable price at auction. The guideprice or range of guide prices is given to assist consumers in deciding whether or not topursue a purchase. It is usual, but not always the case that a provisional reserve rangeis agreed between the seller and the auctioneer at the start of marketing. As thereserve is not fixed at this stage and can be adjusted by the seller at any time up to theday of the auction in the light of interest shown during the marketing period, a guideprice is issued. This guide price can be shown in the form of a minimum and maximumprice range within which an acceptable sale price (reserve) would fall, or as a singleprice figure within 10% of which the minimum acceptable price (reserve) would fall. Aguide price is different to a reserve price (see separate definition). Both the guide priceand the reserve price can be subject to change up to and including the day of theauction.

Reserve PriceReserve PriceReserve PriceReserve PriceThe sellers minimum acceptable price at auction and the figure below which theauctioneer cannot sell. The reserve price is not disclosed and remains confidentialbetween the seller and the auctioneer. Both the guide price and the reserve price canbe subject to change up to and including the day of the auction.