No longer on the market
This property is no longer on the market
MapRestaurant
Features and description
- Ground floor fish and chip shop
- 3 bedroom house
- Ideal investment opportunity
- House currently let for £500pcm
- Parking to the front
- Freehold title
The subject premises is a two storey mid terrace, traditional brick built building which consists of a ground floor fully equipped fish and chip takeaway which is currently owner occupied and a three bedroom house which is currently tenanted for £500pcm (£6,000pa). We are advised the business had an AWT of £4,000 which increased to approximately £8,000 in busy periods.
Rooms
Location
The subject is located within Romaine Square in Bowburn Village, County Durham. The property is within an increasingly popular area, with 700 newbuilds in progress. There are benefits from reasonable services as well as transport links such as the A177 and the A1M. Durham Centre is located approximately 4 miles to the North and Newcastle City Centre is approximately 20 miles North.
Accommodation
GROUND FLOOR
Internal storage: 6.4sqm
Retail zone A: 17.4sqm
Total 23.8 sqm (256sqft)
Sizing sourced from VOA.
Tenure
Freehold. Title number DU123797.
Rateable Value
The current rateable value is £1,600. (1 April 2023 to present)
Sourced from VOA.
Council Tax
Band A.
EPC
Both available upon request (ratings C and D).
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.
Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.
A Legal Pack associated with this particular 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.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.
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 of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
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