Industrial in TS23

Cowpen Lane, Billingham, Durham, TS23 1LA

Brochure

Tenure: Freehold

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Starting bid£270,000

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Key Information

Parking: Allocated

Property features

Popular Billingham Location
No Forward Chain
Within Reach to Local Schools, Shops, Amenities and Transport Links
Development Opportunity STPP
Full Small Business Rates Relief Business Rates are zero

Industrial in TS23

*For sale via secure sale online bidding: terms and conditions apply.*

****No Forward Chain*****

An excellent opportunity to acquire a substantial and versatile commercial industrial unit situated on Cowpen Lane, Billingham.

Extending to approximately 432 square metres (4,650 sq ft), the property offers generous internal accommodation suitable for a range of commercial, industrial, workshop or storage uses, subject to any necessary consents.

A key feature of the property is the access available to the front, side and rear, providing excellent flexibility for deliveries, loading and day-to-day operations.

The unit is currently vacant and offered with no forward chain, allowing for a straightforward purchase and making it particularly appealing to both owner-occupiers and commercial investors.

Cowpen Lane is well positioned within Billingham, with convenient access to the wider Teesside road network and surrounding commercial and industrial areas.

Key Features: Approximately 432 sq m / 4,650 sq ft of accommodation, front, side and rear access, versatile commercial space, vacant possession and no forward chain.

Early viewing is recommended to appreciate the size, accessibility and potential of this commercial property.

Location

Located on Cowpen Lane Billingham, the property occupies a central position with convenient access to local shops, amenities and transport connections.

Tenure

Freehold. Title Number CE49054

EPC

Available upon Request

Full Small Business Rates Relief Business Rates are zero

Addition Information

For further information please contact our office direct on 0191 737 1154, or alternatively via e-mail on commercial.ne@pattinson.co.uk. With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

Open map Street view

Timescales

Contracts will exchange immediately. There are 28 days in which to complete the purchase.

Legal Pack

A legal pack is available to download. Special conditions may apply.

We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.

Deposit

In order to secure the purchase a buyer will pay a deposit of 5%, subject to a minimum £4000 which contributes towards the overall purchase price of the property.

The deposit is non-refundable.

Buyer Fees

This property is sold subject to a non-refundable reservation fee of 2.5%+ VAT to a minimum of £3,000 + VAT (£3,600 inc VAT) This does not form part of the purchase price.

More Information

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

ONLINE AUCTION NOTICE

I hereby acknowledge and confirm the following:

My bid may be accepted by the seller at any time before the close of the auction. It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack.

If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.

Any amount payable at the close of the auction must be paid within 1 hour.

Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second.

Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation.

Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.

The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.

It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.

The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice.

Minimum online bidding increments:
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,000 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid

Please note this bidding process applies specifically to online auctions.

More Information is available:

For more information, call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

The legal pack is not yet available. The auction will not end until the legal pack has been made available here for at least 24 hours.

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