Front Street West, Wingate, Durham, TS28 5AA
- SIZE AVAILABLE
3,356 sq ft
312 sq m
- SECTOR
High street retail property for sale
Key features
- FOR SALE VIA AUCTION: T&Cs apply.
- Mixed Use Property
- Ground Floor Retail Unit
- Three Flats
- Generating an income of £26,280 PA
- Freehold Title
Description
The subject premises is a detached mixed use investment comprising of a ground floor retail unit and three flats. This property is generating a combined income of £26,280 per annum.
Location
The subject property is well located along Front Street West. This property is located within easy reach of local amenities, transport links and schools. The subject property is located approximately 5 miles from Peterlee town centre and approximately 14.7 miles from Sunderland city centre.
Accommodation
The subject property is a detached mixed use investment comprising of a ground floor retail unit and three flats above.
Tenure
Freehold. Title number DU196864
Lease details
31 Front Street (Retail) - £795pcm (£9,540PA) 5 year term
31 A Front Street (Resi) - £495pcm (£5,940PA)
31 B Front Street (Resi) - £450pcm (£5,400PA)
31 C Front Street (Resi) - £450 pcm (£5,400PA)
Rateable Value
The adopted rateable value is £8,700 as of 1st April 2023.
Sourced from VOA.
Council Tax
All flats are band A.
EPC
Commercial unit: Available upon Request (rating D)
Flat A: Available upon Request (rating E)
Flat B: Available upon Request (rating D)
Flat C: Available upon Request (rating E)
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 inquiry, bid or viewing of the subject property will require your details to be 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 by, 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 and 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 exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from 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.
Both the Marketing Agent and 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 indeed obligation to use these recommended suppliers or services.
Energy Performance Certificates
EPCBrochures
Front Street West, Wingate, Durham, TS28 5AA
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Horden Station3.9 miles
Notes
Disclaimer - Property reference 428480. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pattinsons, Pattinsons Commercial North East. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Pattinsons, Pattinsons Commercial North East on 0191 743 9260.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a Guide Price or a range of Guide Prices. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a Reserve Price below which the property cannot be sold at auction. Normally the Reserve Price will be set within the range of Guide Prices or no more than 10% above a single Guide Price.
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