Floorplan
MapHeavy industrial for sale
Features and description
- We are advised the unit benefits from 3 Phase Electricity
- Two residential flats on site
- 1.258 acres of land
- Double garage and Office block
- Development opportunity
- Rental income approx £1440 pcm
- Freehold Title
The site is situated on Milton Street, to the north of Crook. Crook has a range of amenities, including good schooling, supermarkets and restaurants.
Crook is located approximately 6 miles north of Bishop Auckland and 9 miles west of Durham.
Crook is well placed for commuting, the A68 is 5 minutes to the west and the A167 and A1(M) are approximately 20 minutes to the east. Newcastle (26 miles north) and Durham both have east coast main line train stations with direct links to London and Edinburgh.
Description
A rare opportunity to purchase a 1.258 acre site with commercial and/or residential development potential.
The main building on the site was previously a coach garage, this building has the benefit of separate loading access doors. The property is in some need of refurbishment but may yet lend itself to a variety of possible commercial uses. Alternatively, there may be scope to pursue an alternative use (subject to planning). The property benefits from a sizeable double garage ideal for operating as a business or further operational needs. Additionally, the property boasts an impressive double story office block with facilities . This space is perfect for administrative needs or can be adapted to suit a variety of commercial practices.
One of the major highlights of this site is the inclusion of two purpose built residential flats adjacent to the main building. These accommodations are perfect for those seeking a live/work situation or can be utilised as rental properties for an additional income stream.
The ground floor flat has recently been fully renovated to a high standard & is currently used by the owner , but will have vacant possession, when the site is sold. The upstairs flat is currently let under a shorthold tenancy.
The prefabricated unit to the right of the main building is currently leased by a sole trader providing another income stream for any future buyer.
This versatile complex offers endless possibilities to a range of businesses, from start-ups to consolidated enterprises. Whether you are looking to accommodate a growing business, start a new one or expand your investment portfolio, this industrial property in Crook presents a one-of-a-kind opportunity.
This prime plot is currently offered with vacant possession, allowing purchasers immediate access for development. This provides a blank canvas for investors, presenting an opportunity to create a commercial or residential development in line with your vision and ambition, subject to relevant planning permission
The site is not subject to any public rights of way.
Please enquire today to learn more about how this property can serve your business or investment ventures.
Rooms
Location
Industrial property and land for sale in the heart of Crook. This expansive establishment spans across 1.258 acres of land, promising ample commercial operations space.
Accommodation
The property benefits from a sizeable double garage ideal for operating as a business or further operational needs. Additionally, the property boasts an impressive double story office block with facilities . This space is perfect for administrative needs or can be adapted to suit a variety of commercial practices. Additionally there are Two residential flats and a prefabricated building on site.
Tenure
Freehold. Title number DU346950
Council tax
Band A
EPC
Available upon request ( rating E )
Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure AML procedures are carried out in accordance with the law
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price , Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. 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.
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 equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (Subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
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