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£100,000

Shop for sale

North Road, Darlington

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Email agent
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Shop
0 bedroom
0 bathroom

Property features

  • Tenure: Freehold

Property description

- For Sale Via Modern Auction -

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

    Hall Properties - Darlington

    Amity House, 5-7 Coniscliffe Road Darlington DL3 7EE

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    Hall Properties Residential Sales and Lettings, High Street Traditional Estate Agents we offer a FIXED SALES FEE, No Commission and No Sale No Fee,  Free Help and Advice from experienced and dedicated staff. With experienced, professional and friendly staff, combined with extensive local knowledge ensures that we provide a service which is second to none. A forward looking business based on traditional values, we always strive to be at the forefront of the property market. Together with our attention to detail and conscientious attitude we have the experience, resources and skills to deliver the kind of service that's required. Details of our services can be found on our website, together with essential information for seller, buyers, landlords and tenants. If you would like to talk to a member of our team please feel free to contact us where we will be more than happy to help.

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