*For sale by Modern Method of Auction: starting bid price £130,000 plus reservation fee.
COMMERCIAL GROUND FLOOR PREMISES WITH POTENTIAL TO CREATE 4 LETTINGS ROOMS ABOVE SUBJECT TO SOME RENOVATION WORKS AND APPROPRIATE APPROVALS.
INVESTMENT OPPORTUNITY
POTENTIAL FOR OWNER OCCUPIER
FORMERLY HOUSED A SUCCESSFUL GENERAL DEALER BUSINESS TRADING AS MILLFIELD NEWS PRIOR TO RECENT RETIREMENT
This property is for sale by The Great North Property Auction powered by Iam-sold.
INTRODUCTION
*For sale by Modern Method of Auction: starting bid price £130,000 plus reservation fee. COMMERCIAL GROUND FLOOR PREMISES WITH POTENTIAL TO CREATE 4 LETTINGS ROOMS ABOVE SUBJECT TO SOME RENOVATION WORKS AND APPROPRIATE APPROVALS.
INVESTMENT OPPORTUNITY POTENTIAL FOR OWNER OCCUPIER FORMERLY HOUSED A SUCCESSFUL GENERAL DEALER BUSINESS TRADING AS MILLFIELD NEWS PRIOR TO RECENT RETIREMENT This property is for sale by The Great North Property Auction powered by Iam-sold.
AUCTIONEERS COMMENTS
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, IAM Sold.
This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance.
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to go through an identification verification process with IAM Sold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.
The buyer will also make payment of £220.00 including VAT towards the preparation cost of the pack, where it has been provided by IAM Sold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Referral Arrangements
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.
Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.
GROUND FLOOR COMMERCIAL UNIT
Retail shop premises which formally traded as Millfield News operating as general dealers and Newsagent.
Shop frontage of 21'0 with shop depth of 49 foot representing approx 1029 square foot of main shop space. The shop is secured by roller shutters and will be free of fittings as can be seen in the photos, various electric sockets and fluorescent lights. Door to the rear leads to store room.
STORAGE AREA
20' 0'' x 15' 0'' (6.09m x 4.57m)
Measurements are approx.
Roller shutter access for loading stock from the rear etc, toilet and sink for staff use, and an additional pedestrian door providing access from the rear yard to a rear staircase leading to first floor accommodation. Lockable door to the rear of the shop providing staircase access to the first floor accommodation.
FIRST FLOOR LANDING
5 doors leading off, 2 to rooms, 2 to flats, 1 to WC. Door to second floor staircase. Space for shared washing machine.
FLAT 1
LOUNGE/BEDROOM/KITCHEN
20' 8'' x 17' 0'' (6.29m x 5.18m)
The room is L shaped and measurements taken at widest points.
Laminate wood effect flooring, rear facing white uPVC double glazed window. Fitted kitchen area with stainless steel sink and matching tap, fitted wardrobes with space for bed, double radiator, door leading off to shower room.
SHOWER ROOM
10' 0'' x 8' 3'' (3.05m x 2.51m)
Vinyl flooring, single radiator, rear facing white uPVC double glazed window with privacy glass. White toilet with low level cistern, white corner shower with glass shower screen and shower fed from the main Combi boiler system. White sink with chrome tap built into storage units. The walls are mostly finished in a ceramic tile.
FLAT 2
ENTRANCE HALL
Entrance via white uPVC sliding door. Double radiator. Door leading off to shower room, door leading off to kitchen, door leading off to lounge/bedroom.
SHOWER ROOM
6' 3'' x 4' 0'' (1.90m x 1.22m)
Vinyl flooring, white corner shower cubicle with shower fed main Combi boiler. There is no toilet in this flat, however, they can use the shared toilet on the landing with room 3 and room 4.
KITCHEN
10' 11'' x 10' 9'' (3.32m x 3.27m)
Vinyl flooring, wooden framed single glazed window. Fitted kitchen with a range of wall and floor units plus stainless steel sink. Integrated electric oven and 4 ring gas hob, space for tall fridge/freezer.
LOUNGE/BEDROOM
14' 9'' x 14' 6'' (4.49m x 4.42m)
Laminate wood effect flooring, single radiator, archway to single glazed window and storage area.
WC
3' 5'' x 2' 9'' (1.04m x 0.84m)
Vinyl flooring, white toilet with low level cistern, white sink with single pedestal and chrome tap.
ROOM 3
14' 8'' x 13' 3'' (4.47m x 4.04m)
Carpet flooring, double radiator, front facing white uPVC double glazed bay window with views over Hylton Road. Fitted wardrobes and dressing table running the length of one wall providing a good degree of storage and hanging space.
ROOM 4
10' 10'' x 8' 8'' (3.30m x 2.64m)
Carpet flooring, double radiator, front facing wooden framed double glazed window with views over Hylton Road.
SECOND FLOOR SMALL KITCHEN AREA
9' 7'' x 7' 5'' (2.92m x 2.26m)
Measurements are approx.
Tiled flooring, kitchen unit and laminate surface with built in stainless steel sink comprising; single bowl, single drainer and matching tap. Space for a electric cooker, space for washing machine, double radiator, 2 wooden framed Velux style roof lights. Door leading off to shower room.
SHOWER ROOM
7' 5'' x 5' 0'' (2.26m x 1.52m)
Tiled flooring, chrome towel heater style radiator, white toilet with low level cistern, corner shower with shower fed from the main Combi boiler system, white hand basin with chrome tap. The walls are mostly finished in ceramic tile.
LOUNGE
13' 6'' x 7' 3'' (4.11m x 2.21m)
Carpet flooring, double radiator, wooden framed double glazed Velux style roof light with elevated views, recessed lights to ceiling. Open plan door way leading off bedroom.
BEDROOM
13' 8'' x 5' 8'' (4.16m x 1.73m)
Carpet flooring, single radiator, wooden framed double glazed Velux style roof light, built-in cupboard providing some storage space.
GENERAL
There is gas central heating to most areas via Combi boiler located on the first floor.
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