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COMMERCIAL

The Avenue, Seaham, County Durham, SR7 8NS

Guide Price
£90,000
Pattinson Estate Agents, Commercial
PROPERTY TYPE
Retail Property (high street)
SIZE
1,263 sq. ft.
(117 sq. m.)

Key features

  • Two storey terraced property
  • Ground floor retail with flat above
  • Land site with planning included
  • Fully tenanted investment
  • Annual income of £9,640
  • Freehold title

Property description

Tenure: Freehold

TO BE SOLD VIA Online Auction

The subject property is a is a two storey, mid terrace premise located on a secondary retail parade. The area consists predominantly of residential dwellings, with a main strip of retail parade. The premises also comes with land which lies adjacent to the property. The property is fully tenanted, generating an annual income of £9,640.

Location

The subject property is located on The Avenue, Seaham, County Durham. This location is highly residential with a number of different estates in the vicinity. Seaham is provided with a number of different services and facilities in the town centre, approximately two miles east, and with Sunderland city centre approximately six miles north.

Accommodation

The subject property is a two story, brick building located on The Avenue, Seaham. The premise comprises of ground floor retail unit with residential accommodation above as well as land adjacent which currently has planning for two residential flats.

Planning Permission

The land site has been granted planning permission for two residential flats. Further information can be provided upon request.

Tenure

Freehold. Title number DU130078.

Lease Details

We are advised that the ground floor retail unit is currently tenanted at a rent of £5,200pa, with the first floor flat also let for £4,440pa. This totals an annual income of £9,640.

Rateable Value

The adopted rateable value is £3,550 as of 1st April 2017.
Sourced from VOA.

EPC

The domestic Energy Performance Certificate is available upon request.
We currently await a copy of the commercial EPC.

Additional Information

For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

Auctioneers Additional Comments

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.

Auctioneers Additional Comments

Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon agreement of sale, the successful bidder will be expected to pay a non-refundable deposit and or reservation fee of up to 6% inc VAT (subject to a minimum of between £2,400 and 6,000 inc VAT dependant on geographical location and contract type) Full terms and conditions are available on The Auctioneers website.

The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs. The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or obligation to use these recommended suppliers or services.

Brochures

Brochure

Energy Performance Certificates

EPC

The Avenue, Seaham, County Durham, SR7 8NS

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Seaham Station0.5 miles
  • Park Lane Metro Station4.7 miles
  • University Metro Station4.9 miles

About the agent

Pattinson Estate Agents, Commercial

Kingfisher Way, Silverlink Business Park, Wallsend, NE28 9NY

Our agency team actively deal with all aspects of commercial property in both the private and public sectors and provide specialist advice in terms of all commercial property types including development and investment properties. Our principal activities include dealing with the acquisition or disposal of land and property, as well as providing appraisals. We also act as an agent during a sale or acquisition and can carry out contract negotiations between landlords and tenants.

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Notes

These notes are private, only you can see them.

Disclaimer - Property reference 312477. 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.

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 687 0258.

*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.”

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