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Retail Property (high street) for sale

Coatsworth Road, Bensham, Gateshead, NE8

Guide Price* 48 sq. m. | £105,000

Property Description

Commercial information

  • 518 sq ft (48 sq m)
  • Use class orders: A1 Shops

Key features

  • Three Floor Mid Terrace
  • Ground Floor Retail
  • Upper Floors Residential
  • Legal Pack Available

Full description

COMMERCIAL UNCONDITIONAL BUYERS PREMIUM AUCTION. STARTING BID 105,000

The subject property is a two storey. three floor premises of traditional construction. The ground floor comprises retail accommodation with four bed residential accommodation to the first and second floor. Internally the premises comprises main sales area with shop window frontage onto Coatsworth Road. Separate access leads to residential accommodation. The ground floor is currently occupied on an informal basis paying 5,200 per annum. We have been advised there is no lease in place. The upper floors are currently provided with vacant possession.

LOCATION:
The subject property is located on Coatsworth Road which lies approximately 1 mile from Gateshead Town Centre. This location is provided by a reasonable level of services and facilities together with established transport links, such as A167(M) and A194(M). Specifically the premises lies adjacent to Nisa Local and Subway and also falls within the vacitiy of the new retail development at Trinity Square, Gateshead Town Centre.

ACCOMMODATION:
Two storey mid terraced premises,

Access from street level leading to:

GROUND FLOOR: Main sales area, ancillary storage and W.C facilities to the rear. The full height glazed window frontage benefits from roller shutter covering.

FIRST FLOOR
Bedroom 1: 2.8m x 2.5m
Bedroom 2: 4.3m x 3.5m
Lounge: 3.4m x 3.3m
Kitchen: 3.7m x 2.3m
Bathroom
Rear back door leads to back yard.

SECOND FLOOR
Bedroom 3: 4.6m x 2.9m
Bedroom 4: 5.9m x 3.0m.

GROUND FLOOR
NIA Approx 48.2m2

RATEABLE VALUE:
The adopted rateable value being 3,750 as effective from 01 APRIL 2010. Source: www.voa.co.uk

EPC:
We await a copy of the Energy Performance Certificate.

AUCTION INFORMATION:
The property is being sold under Buyers Premium Unconditional Auction Terms and Conditions, further information can be found in the auction catalogue.


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Disclaimer - Property reference 2045. 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.

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*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 4251507.


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