Auction House / North East

  • For Sale By Unconditional Online Auction
  • Guide Price* : £40,000 - £60,000
  • Bidding Opens 10/11/2025 13:00

25 Stephenson House Stephenson Street, North Shields, Tyne and Wear, NE30 1QA

Tenanted Investment – £600 PCM Income – Immediate Return

Description

We are instructed to sell on behalf of the Receivers this self-contained apartment situated within Stephenson House, a purpose-built residential block in North Shields.

The property is currently let at £600 per calendar month, with the tenant paying rent and stated to be up to date. Please note the tenant will not allow internal access for photographs or viewings, and the sale will therefore be made without vacant possession.

The apartment benefits from allocated parking and is well positioned close to local amenities, public transport links, and North Shields town centre.

This lot provides an attractive ready-made buy-to-let investment with an immediate rental return and potential to add value in the future (subject to gaining access and any necessary consents).

Key Features
-Modern apartment in purpose-built block
-Currently let at £600 PCM — income producing from day one
-Tenant stated to be paying and up to date with rent
-Allocated parking space
-Close to local shops, transport, and North Shields centre
-Sold as seen – no internal access available

Important Information
-The sale is on behalf of the Receivers.
-No internal viewings or access for photographs are available.
-Buyers should rely on their own enquiries regarding the accommodation and tenancy details.

Auctioneer’s Note
An ideal investment opportunity offering immediate rental income and long-term potential in a well-connected location.

Tenure: Leasehold

EPC Rating: C

Important Notice to Prospective Buyers

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Administration Charge

£3,600 inc vat payable upon the fall of the virtual gavel

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* Guide | £40,000 - £60,000
  • 2 Bedrooms
  • Unconditional (Immediate Exchange)

Call the team on 0191 908 9691 for more information

Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.

Note

  1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
  2. General : While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
  3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
  4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
  5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER AUCTION HOUSE NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.