Retail Property (high street) for saleCollingwood Street, Felling, Gateshead, NE10
Guide Price* 65 sq. m. | £59,950
- Business for sale
- 703 sq ft (65 sq m)
- Use class orders: A5 Hot Food Take away
- Ground Floor Retail
- A5 Takeaway
- Investment Opportunity
- Prominent Position
CONDITIONAL AUCTION TERMS, 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.
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.
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.)
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.
We currently await c copy of EPC
The adopted rateable value being £2,200 as effective from 01 APRIL 2010. Source: www.voa.co.uk.
The property is being sold under Conditional Auction Terms and Conditions, further information can be found in the auction catalogue.
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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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