Retail Property (high street) for sale

Collingwood Street, Felling, Gateshead, NE10

Guide Price* 65 sq. m. | £59,950

Property Description

Commercial information

  • Business for sale
  • 703 sq ft (65 sq m)
  • Use class orders: A5 Hot Food Take away

Key features

  • Ground Floor Retail
  • A5 Takeaway
  • Investment Opportunity
  • Prominent Position

Full description

FOR SALE BY UNCONDITIONAL AUCTION, STARTING BID 59,950

The subject property is a two storey. two floor premises of traditional stone build construction. The ground floor comprises A5 retail accommodation with storage in the basement. Internally the premises comprises main sales area with shop window frontage onto Collingwood Street, Sunderland Road . The property is currently occupied on an informal basis paying 4,800 per annum. We have been advised there is a lease in place for this.

LOCATION:
The subject properties are located within Collingwood Street, forming part of Sunderland Road in Felling Gateshead. The location is an established area east of Gateshead centre provided a reasonable level of services and facilities.

ACCOMMODATION:
Ground floor consists of main sales area and commercial kitchen area.
Basement consist of storage, WC and office. NIA approximately 65.39m2 (703.8 sq. ft.)

LEASE TERMS:
Mithali Balti have a twenty year lease commencing September 2005 at a current rent of four thousand and
eight hundred pounds per annum with a rent review every five years.

EPC:
We currently await c copy of EPC

RATEABLE VALUE:
The adopted rateable value being 2,200 as effective from 01 APRIL 2010. Source: www.voa.co.uk.

AUCTION INFORMATION
The subject property/site 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 three thousand six hundred pounds. 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 (six hundred and fifty pounds 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

  • Felling (0.3 mi)
  • Heworth (0.6 mi)
  • Pelaw (1.1 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

  • Felling (0.3 mi)
  • Heworth (0.6 mi)
  • Pelaw (1.1 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 237. 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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