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Mixed Use for sale

Jubilee Road, Eston, Middlesbrough, TS6

Guide Price* £140,000

Property Description

Full description

For Sale By Modern Auction Starting Bids £140,000. Previously trading as "The Cleveland Bay" Public House. INVESTMENT/ DEVELOPMENT OPPORTUNITY

Detached Three storey property with a HMO licence in place. The first floor comprises of 5 letting rooms with communal kitchen/ dining/ living space. In addition there are 2 shower and WC facilities. The property includes a cellar which is accessed from the bar area, via a staircase.

The ground floor which is currently fitted out as an operational licenced premises has the potential to be converted to provide further accommodation.

The second floor is accessed to the rear of the property and comprises of 2 self contained tenanted flats with an income of £85 per week per flat.
Accommodation
Overall Floor Area 289.3 sq metres 3112 sq ft (approx)

For Sale By Modern Auction. Starting Bids £140,000
Tenure
Freehold
Location
Eston is a town within the unitary authority of Redcar and Cleveland, and serves as a commuter area for industrial Teesside, particularly Middlesbrough, as well as Redcar. Ideally situated for access to the A66 and A174 Parkway, which leads towards the A19 which serves the main Tees Valley industrial Area.

The property lies in a predominantly residential area of Eston, with a number of private residential houses and Local Authority housing within the immediate area.
More information
For Sale by Modern Auction
Starting Bids £140,000
Buyers Premium Applies
3 Storey Premises
2 x Second Floor Self Contained Flats
5 Bed First Floor HMO
Further Development Potential

Business Rates
Enquiries regarding the rateable value and details of precise amounts payable should be directed to the relevant Local Authority.
Proposed Terms
For Sale By Modern Auction. Starting Bids £140,000
VAT
All offers where made silent of VAT are deemed to be made exclusive thereof.
Notes
All measurements are approximate and are for guidance purposes only.
Viewing
By appointment through the Sole Agents, Browns Commercial Tel: 01642 607607
Agents Notes
AUCTIONEERS COMMENTS The property is for sale by the Modern Method of Auction which is not to be confused with Traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer's solicitor is in receipt of the draft contracts and further 28 days thereafter to complete. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts and offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of £5,000 plus VAT which secures the transaction and takes the property off the market. The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Legal Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. Please note this property is subject to an undisclosed Reserve Price which is generally no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by Great North Property Auction powered by iam-sold Ltd or "iam-sold Ltd"


Map & Street View

Disclaimer - Property reference 68569. 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 Browns, Stockton on Tees. 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 Browns, Stockton on Tees on 01642 677411.


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