Investment Opportunity

Modern apartment available for sale, with the current tenant in place. The property is located on the twelfth floor of Hadrian Tower, situated in Newcastle city centre, and has impressive views over the town centre.

We have been advised that the tenant is currently paying £1,500pcm, though we have not had sight of the tenancy agreement.

The accommodation briefly comprises of communal entrance with lift to the subject flat, open plan lounge/kitchen, bedroom and bathroom. Externally there is a bin store, bike storage and courtyard. There is also a resident’s lounge, and concierge.

The property is situated close to local public transport routes to and from Newcastle city centre, the MetroCentre, and easy access the local road network.

Early viewing is recommended.

Council Tax Band: D
EPC Rating: B

AGENTS NOTE
Please note that the AML fee covers the cost of carrying out the required identity and anti-money laundering checks. Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead.

PRIMARY SERVICES SUPPLY
Electricity: Mains
Water: Mains  
Sewerage:  Mains  
Heating:  Electric 
Broadband:  ADSL 
Mobile Signal Coverage Blackspot:  No 
Parking:  On Street Parking 

MINING 
The North East region is famous for its rich mining heritage and therefore it will be beneficial to conduct a mining search.  Confirmation should be sought from a conveyancer as to its effect on the property, if any. 

RESTRICTIONS AND RIGHTS
Listed? No
Conservation Area? No 
Restrictions on property? No
Easements, servitudes or wayleaves? No
Public rights of way through the property? No

RISKS
Flooding in last 5 years: No  
Risk of Flooding: Zone 1 
Any flood defences at the property: No
Coastal Erosion Risk: Low 
Known safety risks at property (asbestos etc…): No

BUILDING WORKS
Any known planning permissions or proposals in the immediate locality:  No 
Outstanding building works at the property:  No

ACCESSIBILITY
This property has no accessibility adaptations.

TENURE
It is understood that this property is leasehold. Should you decide to proceed with the purchase of this property, the Tenure and associated details and costs must be verified by your Legal Advisor before you expend costs.

Length of Lease:  250 years from and including 1 January 2019
Ground Rent & Service Charge – To be Confirmed