Causey Row, Marley Hill, Newcastle upon Tyne, Durham, NE16 5EJ

Location

Marley Hill is a highly desirable village location situated between Newcastle upon Tyne, Gateshead and Durham. The property enjoys a pleasant semi-rural setting whilst remaining within easy reach of the A1(M), Metrocentre, Newcastle city centre and the region's major employment hubs.

The area continues to benefit from strong demand for both residential and short-term accommodation, aided by nearby attractions including Beamish Museum and the wider Durham countryside.

Accommodation

The accommodation currently comprises:

* A Two / three bedroom cottage used as the main residence
* Four self-contained apartments
* Separate one-bedroom cottage
* Three detached garages
* Separate workshop building
* Extensive parking and storage areas
* Approximately 0.77 acres of grounds
* Land with previous planning consent for a detached dwelling

Development Opportunity

A key feature of the property is the adjoining land, which has previously benefitted from planning permission for the construction of a detached residential dwelling.

Purchasers may wish to investigate the potential for renewing or revising previous consents, presenting an opportunity to enhance both capital value and future income generation.

Rental Income

Unit Monthly Income
Apartment 1 £700 pcm
Apartment 2 £700 pcm
Apartment 3 £700 pcm
Apartment 4 £700 pcm
One-Bedroom Cottage £1,000 pcm
Total Monthly Income £3,800 pcm
Total Annual Income £45,600 pa

EPC

We await a copy of the energy performance certificate.

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 referred to as The Auctioneer. This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer. The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change. An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this 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.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.