High Street Retail Property for sale

Newbottle Street, Newbottle, Houghton Le Spring DH4


£45,000
1,007 ft²

Features

  • Excellent Town Centre Location
  • Freehold Title
  • Great Transport Links
  • Ground Floor A1 Retail Unit
  • Large Window Frontage With Shutter
  • Nia 93.56sqm (1,007sqft)

Description

Summary

For sale by auction: Terms and conditions apply.

We are pleased to offer to auction this ground floor retail unit, well located along the popular Newbottle Street in Houghton Le Spring town centre. Formerly used as a shoe retailer, the property measures approximately 1,000sqft and comprises main sales area, kitchen facilities and staff W.C.s. The property benefits from large glass window frontage and roller shutters. The unit could be suitable for a wide variety of uses, subject to obtaining the relevant planning consent.

Location

The subject premises is set within Newbottle Street, Houghton le Spring. Newbottle Street is the primary retail and business centre within the area, serving a sizeable local resident population and surrounding areas. The area is found off the A690 between Durham City and Sunderland and between the A1 and A19. Specifically, access to the subject premises is located adjacent to the car park to the rear of Newbottle Street.

Accommodation

Ground floor
Retail space with kitchen and staff toilets.
Nia 93.56sqm (1,007sqft)

Tenure

Freehold. Title number TY184184

Rateable Value

The adopted rateable value is 12,000 as of 1st April 2017.
Sourced from voa.

EPC

Available upon request (rating D).

Additional Information

For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

Auctioneers Additional Comments

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.

Auctioneers Additional Comments

Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon agreement of sale, the successful bidder will be expected to pay a non-refundable deposit and or reservation fee of up to 6% inc VAT (subject to a minimum of between 2,400 and 6,000 inc VAT dependant on geographical location and contract type) Full terms and conditions are available on The Auctioneers website.

The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs. The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or obligation to use these recommended suppliers or services.

Categories

High Street Retail Property
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Property reference
CP_2D853DFE5C_529