Office for sale

Lovaine House, 9 Lovaine Terrace, North Shields, NE29 0HJ

Sold STC 508 sq. m. | £115,000

Property Description

Commercial information

  • 5,468 sq ft (508 sq m)

Key features

  • Two storey, three floor property
  • Currently converted to offices
  • 1857 end of terrace
  • NIA 331sqm (3,563sqft)
  • GEA 508.11sqm (5,469sqft)
  • Land to side NOT included

Full description

Tenure: Freehold

FOR SALE BY AUCTION

The property comprises a unique two storey, three floor end of terrace office building thought to have been originally constructed in 1857 as a dwelling house. As such, the building retains many striking architectural features. At present, the building is converted to offices with a variety of room arrangements appropriate for the last occupier. Internal finishes to the ground and first floor are typical for offices with suspended panel and plastered ceilings, plastered walls and painted internal joinery. The property has a garden to the front, car park to the rear and outbuildings. The land at the side of the property is not included in the sale. The property is offered for sale as an office property. Any enquiries to change the use of the property should be directed to North Tyneside Planning Authority.

LOCATION
The subject property is located within a secluded yet central location on the outskirts of North Shields town centre, Tyne and Wear, around 9 miles east of Newcastle city centre. Specifically, the location is primarily a popular residential area made up of some striking period buildings and modern housing. Access to the property once in North Shields is gained from Albion Road (A193) and then via Spring Terrace onto Lovaine Terrace.

ACCOMMODATION
The approximate Net Internal Area is:
Ground floor offices: 128.11sqm (1,379sqft)
First floor offices: 115.19sqm (1,240sqft)
Second floor stores: 66.15sqm (712sqft)
TOTAL: 330.96sqm (3,563sqft)

The approximate Gross External Area is:
Ground floor: 216.82sqm (2,333sqft)
First floor: 200.54sqm (2,159sqft)
Second floor: 90.75sqm (977sqft)
TOTAL: 508.11sqm (5,469sqft)

The property has a presentation garden to the front and a gated car park area at the rear, which also contains outbuildings.

IMPORTANT NOTE: there is an additional area of land to the side of the property with open access from the car park, and there is a door from the property that opens into this area. Whilst this area of land has been used by the Probation Service, it does not form part of the site. To be clear, we are not selling this land with the property.

TENURE
Freehold. Title number TY284599.

RATEABLE VALUE
The adopted rateable value is 14,500 as effective from 01 APRIL 2010.

EPC
Available upon request.

VAT
Unless otherwise stated, all stated figures are expressed exclusive of VAT.

AUCTION INFORMATION
The subject property is offered on unconditional sale terms. This means that the successful bidder will be required to exchange contracts on the day together with the submission of a 10% deposit subject to a minimum of 3,600. Completion will thereafter take place no more than 28 days later. Interested parties should ensure they have satisfied themselves of all queries prior to auction as all acceptable bids are legally binding. As well as the 10% deposit any successful bidder would have to pay (650 plus VAT) admin charge on any auction purchase. Bidders should be aware that additional costs may be due within the special conditions of sale, if provided by the sellers solicitor. You should check this before bidding.

Nearest stations

  • North Shields (0.3 mi)
  • Meadow Well (0.8 mi)
  • Tynemouth (1.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Pattinson Estate Agents, Commercial

21/23 Ridley Place, Newcastle Upon Tyne, NE1 8JN

0191 687 0258 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • North Shields (0.3 mi)
  • Meadow Well (0.8 mi)
  • Tynemouth (1.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Pattinson Estate Agents, Commercial

21/23 Ridley Place, Newcastle Upon Tyne, NE1 8JN

0191 687 0258 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 1138. 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 Pattinson Estate Agents, Commercial. 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.

*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.”

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 Pattinson Estate Agents, Commercial on 0191 2324392.


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