land & development in NE17

Derwent Street, Chopwell, Tyne and Wear, NE17 7AA

Starting Bid
£149,950
Current Bid £100,000
2 Bids
Awaiting New Auction Date

Online auction

Alternatively call 0191 580 1587 or email commercial@pattinson.co.uk

  • Prominent Two Storey Corner Property
  • Freehold Title
  • Planning Permission Granted
  • For 'Change of Use to Ten Assisted Living Units'
  • NIA 366.92sqm (3,949sqft)

land & development in NE17

FOR SALE BY ONLINE AUCTION ending 3rd August 11am. Unconditional Reservation Auction Reservation Fees Apply

We are pleased to offer to auction this substantial two storey property measuring an impressive 3,950sqft, prominently located on a corner position on Derwent Street, Chopwell, Newcastle upon Tyne. We are advised the property has been granted planning for 'Change of use from public house to ten assisted living units (use class C3 dwellings).' The planning was granted on 15th March 2019.

Planning reference number - DC/18/01107/FUL

Summary

  • Property Type: Land & Development
  • Parking: On Street

Location

The subject property is located on Derwent Street, Chopwell. Chopwell lies approximately 6 miles North of Consett and 11 miles West of Newcastle Upon Tyne. More specifically the premises is situated on the main access road in and out of Chopwell. The area benefits from a reasonable level of services and facilities together with good levels of footfall and passing trade.

Accommodation

GROUND FLOOR
Foyer: 8.54sqm
Bar area one: 100.38sqm
Bar area two: 60.94sqm
Kitchen: 12.58sqm
Storage: 4.51sqm
W.C.s

FIRST FLOOR
Room: 29.70sqm
Room: 15.36sqm
Room: 25.92sqm
Room: 4.92sqm
Room: 29.70sqm
Room: 9.25sqm
Room: 9.62sqm
Room: 11.96sqm
Room: 4.43sqm
Room: 25.27sqm
Room: 13.84sqm

NIA 366.92sqm (3,949sqft)

Rateable Value

The adopted rateable value is £11,500 as of 1st April 2017.
Sourced from VOA.

Planning Permission

We are advised the property has been granted planning for 'Change of use from public house to ten assisted living units (use class C3 dwellings).' The planning was granted on 15th March 2019.

Planning reference number - DC/18/01107/FUL

Tenure

Freehold. Title number TY350844.

EPC

Available upon request (rating E).

VAT

We are advised that VAT is applicable on this transaction. Please refer to the legal pack for further information.

Additional Information

For further information please contact our office direct on 0191-425-1507, 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.

This property is being sold subject to unconditional reservation fee auction terms and conditions.

 

Timescales

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

Deposit

In order to secure the purchase a buyer will pay a deposit of 5% 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 5% + VAT to a minimum of £5,000 + VAT (£6,000 inc VAT) This does not form part of the purchase price.

A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.

 

More Information

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

 

ONLINE AUCTION NOTICE

I hereby acknowledge and confirm the following: 

My bid, once submitted, cannot be withdrawn by me at any time before 1 hour after the close of the auction. 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. 

At the point of registration you will be required to insert credit or debit card details as a way of payment towards the deposit and or reservation fee. We will only hold a nominal amount (which will be stated at the point of bidding) to enable you to bid. This amount will only be debited from your account should you be the successful bidder, in the event you are unsuccessful the agreed amount will be released back to your card within five business days.  If you are the successful bidder we will debit the agreed amount from your account immediately at the close of the auction, we will then contact you to confirm the balance outstanding balance (if applicable) at which point you can opt to use the same card.  

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 for 15 minutes. After 15 minutes without a bid, the auction will close and the highest bidder will be successful subject to the reserve price being met. If there is another bid within 15 minutes of the last bid, the auction countdown timer will be restarted for another 15 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. It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. 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:

Up to £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 £1 million - £2,000 minimum bid
£1 million+ -  £2,500 minimum bid

Please note this bidding process applies specifically to online auctions.

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