Takeaway for sale

11 Station Road, Whitley Bay, NE26 2QY

Sold STC 64 sq. m. | £165,000

Property Description

Commercial information

  • 688 sq ft (64 sq m)
  • Use class orders: A5 Hot Food Take away

Key features

  • Tenanted Investment
  • Hot Food Takeaway
  • Income 19,760 Per Annum
  • Mid Terrace Building
  • Retail and Residential
  • Town Centre Location

Full description

Tenure: Freehold

FOR SALE BY AUCTION, TENANTED INVESTMENT

The subject property is a period two storey three floor mid terrace containing a ground floor hot food takeaway and a maisonette flat above currently occupied and rented to a Chinese cuisine business at an annual rent of 19,760 per annum. We understand that the current tenants have been in occupation for a number of years although they are currently holding over.

LOCATION
The subject property is located within Station Road, Whitley Bay, Tyne and Wear. Whitley Bay is a prominent North East coast town provided with a wide variety of services and facilities. The property lies close to the main Metro station and just off Whitley Road toward the southern end of the town, surrounded by high density housing that is a good source of custom for the tenant.

ACCOMMODATION
GROUND FLOOR
Front sales area
Kitchen, preparation room, storage room
Staff W.C.
NIA for commercial ground floor: 64.3m2 (692sq. ft).

MAISONETTE
Four bedroom maisonette.
Please note that Pattinson have not inspected this floor.

EXTERNAL
Enclosed yard to the rear.

TENURE
Freehold. Title number TY128744.

RATEABLE VALUE
The adopted rateable value is 7,100 as effective from 01 APRIL 2010.

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

VAT
Unless otherwise stated, all figures expressed within these particulars are deemed 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

  • Whitley Bay (0.2 mi)
  • Cullercoats (0.5 mi)
  • Monkseaton (0.6 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

  • Whitley Bay (0.2 mi)
  • Cullercoats (0.5 mi)
  • Monkseaton (0.6 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 2267. 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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