Lot 6 - 49 Longnewton Street, Seaham, County Durham, SR7 7LZ
- Unconditional Online Auction Sale
- Guide Price* : £65,000
- Bedrooms: 3
- Bathrooms: 1
- Reception Rooms: 2
Description
Moovd are delighted to offer For Sale via Option A – Unconditional Online Auction on 21st March 2024 this immaculately presented three bedroom mid terrace. Auction Fees Apply
The property on offer, is currently operating as a Serviced Accommodation via Air B&B and Booking.com, creating a gross income of over £21,500 per annum. Yielding 26.8% on the advertised Guide Price.
The airy and light layout briefly comprises entrance porch leading into the hall with access into the lounge. Onwards is a 2nd reception room, with staircase to first floor and fitted kitchen. To first floor is a central landing three bedrooms, two of which are doubles, and a white family bathroom W.C. Externally is a rear yard.
The accommodation lies only a short distance from Seaham Harbour, sea front and Byron Place Shopping. The property would continue to be an excellent Serviced Accommodation and an instant investment. An internal viewing is considered essential to appreciate.
**Please note, the property is sold with no furniture included, however this could be negotiated if required.**
EPC rating D.
For more information, please contact Moovd directly.
Porch - Accessed via composite door
Hallway -
Lounge -
Dining Room -
Kitchen -
Landing -
Bedroom 1 -
Bedroom 2 -
Bedroom 3 -
Bathroom -
Externally -
Moovd may work in partnership with marketing agents on our online auction lots and act as 'The Auctioneer', throughout the sale process.
Option A - Online Unconditional Auction:
The above property is been offered for sale by Online Unconditional Auction (Traditional auction). With this method of sale, both seller and buyer are required to complete the transaction, within the timeframe stated in the General Conditions and Special Conditions of Sale. It is Moovd’s policy that all buyers are without fail AML checked at point of Registration. The buyer is then required to make a NON- REFUNDABLE Administration Fee payment amounting of £3,000.00 Inc VAT (£2,500 + VAT) (This fee IS PAID in addition to the purchase price and will be chargeable and calculated towards stamp duty). A deposit payment amounting to 10% of the purchase price (or a minimum of £5,000) is also required from the successful 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.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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Agreement Documents
- Option A - Moovd General Terms & Conditions – Online Unconditional Auction
- Option A - Moovd Amendments to Common Auction Conditions – Online Unconditional Auction
- Option A - Moovd Common Auction Conditions– Online Unconditional Auction
Additional Documents
Related Documents
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