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High Street, Felling, Gateshead, Tyne and Wear, NE10 9LU

Guide Price
£60,000

Business rates & charges may apply

Pattinsons, Pattinsons Commercial North East
SIZE

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SECTOR

High street retail property for sale

Description

*For sale via secure sale online bidding: terms and conditions apply.*

Available to purchase is a portfolio of 3x ground floor retail units, conveniently located along High Street, Felling. The units comprise a tenanted vape shop (generating £4,160pa), a former photography shop now used as a games store tenanted at £4,680 per annum, and a large vacant retail space. The vacant retail unit was formerly two separate units, converted into one large accommodation, and holds potential to be split in future if desired.

Location

The subject property is located along the thriving high street in Felling, Gateshead. From the Gateshead Town Centre it is approximately 1.6 miles. It is also located in the centre of the Felling shopping district.

Tenure

Freehold. Title number TY480580.

EPC

We currently await copies of the Energy Performance Certificates.

Rateable Value

The adopted rateable values are as below as o 1st April 2023:
93 High Street: £2,950
95 High Street: £3,600
97-99 High Street: £5,300
Sourced from VOA.

VAT

We are advised VAT is payable on transaction.

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.

Brochures

High Street, Felling, Gateshead, Tyne and Wear, NE10 9LU

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Felling Metro Station0.3 miles
  • Heworth Station0.7 miles
  • Gateshead Stadium Tram Stop0.8 miles

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 441041. 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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