Retail Property (high street) for saleTweed Road, Spennymoor, County Durham, DL16
FOR SALE BY AUCTION
The accommodation available is two ground floor retail premises with traditional shop window frontage and sales areas. When last open 40 Tweed Avenue traded as a general dealers and off license while 42 Tweed Road last traded as a traditional fish and chip shop hot food takeaway. There are fittings relating to this activity remaining in the property. The subject property is located within an established and sizeable residential area on the outskirts of Spennymoor, County Durham known as York Hill Estate. The location has seen significant improvements to local authority housing and public areas that should create an excellent opportunity for new business.
Location - The subject property is located within an established and sizeable residential area on the outskirts of Spennymoor, County Durham known as York Hill Estate. The location has seen significant improvements to local authority housing and public areas that should create an excellent opportunity for new business.
Description - The accommodation available is two ground floor retail premises with traditional shop window frontage and sales areas. When last open 40 Tweed Avenue traded as a general dealers and off license while 42 Tweed Road last traded as a traditional fish and chip shop hot food takeaway. There are fittings relating to this activity remaining in the property.
40 Tweed Road - Main Sales 23.6 sqm (254 sq ft)
Secondary Sales 10.85 sqm (116 sq ft)
Net Internal Area 34.45 sqm (370.82 sq ft)
External Store/w.c. - Not inspected
EPC Rating D96
42 Tweed Road - Counter Sales Area 24.51 sqm (263.83 sq ft)
Kitchen 6.48 sqm (69.75 sq ft)
Net Internal Area 31 sqm (333.6 sq ft)
External Store - Not inspected
EPC Rating C56
Tenure - TBC. Assumed as Long Leasehold
Rateable Value - 40 Tweed Road - shop and premises R.V. £2250
42 Tweed Road - shop and premises R.V. £2700
Vat - Unless otherwise stated all figures expressed within these particulars are deemed exclusive of VAT.
Auction Guide Price - £55,000+
Auction - For Sale by Auction on 28 February 2018 at the Newcastle Marriott Hotel Gosforth Park Newcastle NE3 5HN. Registration 6.30pm for 7pm start. Option 1 see www.agentspropertyauction.com for terms and conditions.
Disclaimer - Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.
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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 R A Jackson & Son, North Shields on 0191 2571253.
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