Shop for sale
North Road, Darlington>
- Tenure: Freehold
Freehold, retail premises situated on the main road (A167) North road area Darlington, a commercial mixed use investment property comprising of ground floor retail facilities recently updated with new suspended ceiling, heating, flooring and decoration, recently refurbished first floor accommodation consisting of 3 bedroom apartment currently occupied and achieving minimum of £500 pcm rental income. Overall Potential annual income £18,000(approx) per annum.
Ground Floor Measurements:
Main Shop - 9.56m x 4.83m
Store Room - 4.83m x 2m
Kitchen Area - 3.3m x 2.4m
73 Square Metres
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, iamsold Limited.
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 iamsold 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 £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Hall Properties - Darlington
Amity House, 5-7 Coniscliffe Road Darlington DL3 7EE
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Property reference CS0001. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Hall Properties - Darlington. Please contact the property advertiser 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.
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