Retail in DH6

Alexandra Terrace, Wheatley Hill, Durham, Durham, DH6 3JW

Brochure

Tenure: Freehold

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Starting bid£50,000

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Key Information

Parking: Allocated

Property features

Commercial Property For Sale
Freehold Title
Prominent Location
Suitable for a Variety of Uses
Development/Investment Opportunity

Retail in DH6

For sale via secure sale online bidding - terms and conditions apply.

Substantial Freehold Mixed-Use Property | Vacant Possession | No Upper Chain | Approx. 1,697 sq ft | Excellent Development Opportunity (STPP)

An exciting opportunity to acquire a substantial freehold mixed-use property occupying a prominent corner position within the centre of Wheatley Hill. Offered to the market with vacant possession and no upper chain, the property extends to approximately 1,697 sq ft (158 sq m) and presents an excellent opportunity for investors, developers or owner-occupiers seeking a project with significant potential.

Previously operating as a takeaway with residential accommodation above, the property now requires a programme of refurbishment and modernisation throughout to bring it back to a fully usable standard. However, its generous floor area, flexible layout and prominent location provide an excellent platform for a variety of future uses, subject to the necessary planning permissions.

The ground floor comprises a former commercial unit with a large open-plan trading area, office, lounge, dining room, utility room and WC. To the first floor are three well-proportioned bedrooms, a kitchen and shower room, providing spacious residential accommodation with scope for improvement.

The property lends itself to a number of potential uses including continued mixed-use occupation, full residential conversion, apartments, HMO accommodation, offices or alternative commercial uses, all subject to obtaining the relevant planning consents.

Occupying a highly visible corner plot on Alexandra Terrace, the property enjoys excellent roadside frontage and is conveniently located for local amenities and transport links.

The property occupies a prominent corner position on Alexandra Terrace within the centre of Wheatley Hill. The village benefits from excellent road connections via the A181 and A19, providing easy access to Durham City, Sunderland, Hartlepool and Peterlee. A range of local shops, amenities and public transport links are all within walking distance

Location

Wheatley Hill Village in County Durham with local amenities like shops, schools, and parks. Wheatley Hill is around 8 miles from Durham City, offering easy access to wider shopping, transport, and cultural attractions. The village has good bus links and nearby road connections to the A1(M), making it convenient for commuting to Peterlee, Sunderland, and beyond.

Accomodation

Ground floor - Commercial unit, positioned at the front of the property with separate access First Floor - Residential, Separate entrance - The residential element of the property features generous living space spread across two floors, including well-proportioned bedrooms, a family bathroom, a kitchen/dining area, and reception room.

Tenure

FREEHOLD Title number DU94045

Rateable Value

The current rateable value below: £3,850 (1st April to Present)

EPC

EPC RATING B - Commercial unit

Additional Information

For further information please contact our office direct on 0191 737 1154, or alternatively via e-mail on commercial@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.

Videos

360 TOUR ADDED

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 £4,000 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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