No longer on the market
This property is no longer on the market
MapRetail property (high street)
Sold STC
Retail property (high street)
Features and description
STARTING BIDS £85,000 - THIS PROPERTY IS FOR SALE BY THE MODERN METHOD OF AUCTION * FOR SALE BY MODERN METHOD OF AUCTION - RESERVATION FEE APPLIES
The mixed use premises are situated on a popular neighbourhood parade of shops in Billingham on the south side of Station Road. Neighbouring occupiers include Newsagents, off-licence and general store, fish and chip shop, cafes, barbers, hairdressers and cafe, coffee shop, vets, funeral parlour and bridal and prom specialist retailer.
The A19 is less than a mile to the west of the premises and provides excellent access to the local region.
Floor retail unit with first floor 2 bedroom flat with separate entrance and garage to the rear.
The current tent is relocating their business and currently paying £7500 per annum. The first floor tenant is currently on an AST paying £400 pcm.
For sale Freehold By Modern Auction. Starting Bids £85,000
More information
For Sale By Modern Auction
Starting Bids £85,000
Ground Floor Retail Unit
First Floor 2 bed Flat
Rear Yard and Garage
Business Rates
Enquiries regarding the rateable value and details of precise amounts payable should be directed to the relevant Local Authority.
Tenure
Freehold
Proposed Terms
Proposed Terms - FOR SALE BY MODERN METHOD OF AUCTION - RESERVATION FEE APPLIES - STARTING BIDS £62,000
Legal Costs
The ingoing purchaser/tenant will be responsible for our Client’s reasonable legal costs incurred in connection with this transaction together with any Stamp Duty and VAT where applicable.
VAT
All offers where made silent of VAT are deemed to be made exclusive thereof.
Notes
All measurements are approximate and are for guidance purposes only.
This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer’s solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 3.5% subject to a minimum of £5,000 plus VAT which secures the transaction and takes the property off the market. The buyer will be required to sign an Acknowledgment of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation from and all terms and conditions can be found in the Legal Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by The Great North Property Auction powered by iam-sold Ltd
Viewing
By appointment through the Sole Agents, Browns Commercial [use Contact Agent Button]
The mixed use premises are situated on a popular neighbourhood parade of shops in Billingham on the south side of Station Road. Neighbouring occupiers include Newsagents, off-licence and general store, fish and chip shop, cafes, barbers, hairdressers and cafe, coffee shop, vets, funeral parlour and bridal and prom specialist retailer.
The A19 is less than a mile to the west of the premises and provides excellent access to the local region.
Floor retail unit with first floor 2 bedroom flat with separate entrance and garage to the rear.
The current tent is relocating their business and currently paying £7500 per annum. The first floor tenant is currently on an AST paying £400 pcm.
For sale Freehold By Modern Auction. Starting Bids £85,000
More information
For Sale By Modern Auction
Starting Bids £85,000
Ground Floor Retail Unit
First Floor 2 bed Flat
Rear Yard and Garage
Business Rates
Enquiries regarding the rateable value and details of precise amounts payable should be directed to the relevant Local Authority.
Tenure
Freehold
Proposed Terms
Proposed Terms - FOR SALE BY MODERN METHOD OF AUCTION - RESERVATION FEE APPLIES - STARTING BIDS £62,000
Legal Costs
The ingoing purchaser/tenant will be responsible for our Client’s reasonable legal costs incurred in connection with this transaction together with any Stamp Duty and VAT where applicable.
VAT
All offers where made silent of VAT are deemed to be made exclusive thereof.
Notes
All measurements are approximate and are for guidance purposes only.
This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer’s solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 3.5% subject to a minimum of £5,000 plus VAT which secures the transaction and takes the property off the market. The buyer will be required to sign an Acknowledgment of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation from and all terms and conditions can be found in the Legal Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by The Great North Property Auction powered by iam-sold Ltd
Viewing
By appointment through the Sole Agents, Browns Commercial [use Contact Agent Button]