Quayside Lofts,, 8 Clavering Place,
Newcastle Upon Tyne, NE1 3NH

About this property

FOR SALE BY TRADITIONAL AUCTION | BALCONY & PARKING | Property is offered for sale through the Traditional Auction which is operated by iamsold Limited. Providing a fantastic investment opportunity, tenanted until June 2026 at £925 PCM. This one bedroom property is situated in the ever popular Quayside Lofts building with benefits to include; Block caretaker, open plan living balcony and allocated parking. Energy Efficiency Rating C. Council Tax Band C.

Entrance Hall
Storage cupboard housing hot water tank.

Living/Dining Area
Double glazed door to balcony, wall mounted electric heater, sliding door to bedroom, open through to;

Kitchen Area
Range of wall and base units with Granite worktop surfaces incorporating circular sink unit, integrated oven and hob, fridge/freezer.

Bedroom
Double glazed window, sliding door to living area, wall mounted electric heater.

Bathroom
Panel bath with shower over, wash hand basin, WC, tiled walls and flooring, extractor.

This property is for sale by Traditional Auction. The buyer and seller must Exchange immediately, and Complete 28 days thereafter. Interested parties personal data will be shared with the Auctioneer (iamsold).
The buyer pays a non-refundable deposit of 10% of the purchase price upon exchange.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.

Leasehold Information
The property is leasehold, managed by Block Living. The lease length is 125 years from 01/01/2005. Annual service charge of approximately £2940.00. Ground rent is charged at £250 pa and is increased every 10 years (due 2025), increases in line with the retail price index. Please note we have not inspected the head lease.

Material Information
The managing agents have provided a letter confirming confirmation of funding and remediation work for Quayside Lofts (to include 8 Clavering Place building). Remediation works to rectify identified issues will be funded by the Cladding Safety Scheme. The fire alarm system has been upgraded as per the requirements of a fire saftety specialist and local fire authority. We can provide further information on the scope of remedials works on request.

Council Tax: Band C. Authority; Newcastle City Council. For current rates please visit: new.newcastle.gov.uk/council-tax/council-tax-explained/council-tax-bands
Utilities: Mains sewerage, water and electricity are connected. Please note there is no gas supply to the property. Heating is via electric heaters.
Broadband: Follow the link to check broadband providers and speeds; Broadbandcheck.co.uk
Mobile Phone Coverage: Follow the link to check mobile signal for all networks; Signalchecker.co.uk
Parking: This property comes with an allocated parking space accessed via fob entry.

You would need to instruct your solicitor to review the lease for any restrictive covenants, we have not been advised of any at the outset of marketing. Please note the lease can be made available upon request.
Floorplan 1