Initial price	£135,000
11/04/24	£125,000
17/04/24	£115,000
04/12/24	£105,000
Price Change	-22.22%

This is an investment opportunity to purchase two top-floor flats in Grainger Park, to be sold as a pair, with a combined monthly rental income of £1,400. The flats, each with an open-plan lounge/kitchen, bedroom, and bathroom, are currently let out on 12-month tenancies. They benefit from double glazing and are situated close to public transport routes, with easy access to Newcastle city centre, the MetroCentre, and major roads. The properties are leasehold, with 962 years remaining on the lease, and no ground rent or service charge. The guide price for the flats is not disclosed, but the reserve price may be up to 10% higher. The successful buyer will pay a £2,400 auction administration fee. Early viewing is recommended, and the property is being sold by auction with the option to purchase.