Esplanade, Whitley Bay, Tyne and Wear, NE26 2AG

Location

The subject property is located just off Whitley Road, providing good road and transport links. The property is surrounded by local amenities and it is located approximately 0.2 miles from Park View Shopping Centre.

Accommodation

The property briefly comprises a ground floor retail premises with extension to the rear to incorporate a workshop and storage to the first floor.

Ground Floor
Retail - 48.75 sq. m. (495.91 sq. ft.)
Workshop - 15.26 sq. m. (164.25 sq. ft.)
Workshop - 16.21 sq. m. (174.50 sq. ft.)
Kitchen - 3.18 sq. m. (3.26 sq. ft.)
WC - 5.34 sq. m. (57.43 sq. ft.)

First Floor
Storage - 10.23 sq. m. (110.12 sq. ft.)
Storage - 6.76 sq. m. (72.79 sq. ft.)

TOTAL 103.05 sq. m. (1,109.25 sq. ft.)

Please note: the first floor residential accommodation is not included within the sale of this property.

Tenure

Freehold. Title number: TY36795

Lease Terms

The property is tenanted at £6,000 per annum on a 5 year term which commenced on the 01/07/2023 and ends 01/07/2028.

Rateable value

Current rateable value £6,500 (1 April 2026 to present). Sourced from VOA.

EPC

Available upon request. Rating D.

Additional Information

For further information please contact our office direct on , or alternatively via e-mail on commercial. . 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.