Retail in DH6
Ashmore Terrace, Wheatley Hill, Durham, Durham, DH6 3NP
Online auction
Alternatively call 0191 580 1587 or email commercial@pattinson.co.uk
Retail in DH6
A rare opportunity to acquire a versatile mixed-use freehold property comprising a spacious four-bedroom residential home and an adjoining commercial unit, all on a title. Situated in the heart of Wheatley Hill, this property offers excellent potential for both investors and owner-occupiers alike.
The residential element of the property features generous living space spread across two floors, including four well-proportioned bedrooms, a family bathroom, a large kitchen/dining area, and two reception rooms. With a little modernisation, the home offers fantastic scope to become a high-yield rental or comfortable family home.
The commercial unit, positioned at the front of the property with separate access, benefits from good visibility and footfall, making it ideal for a range of uses including retail, office space, or a service-based business.
We are advised that plans have been submitted to split the residential and commercial units into two separate titles, providing a future opportunity for individual sale or leasehold investment. Once approved, this adds significant value and flexibility to the asset.
Located within easy reach of local amenities, schools, and transport links, this property is well-positioned to take advantage of ongoing regeneration in the area.
Early viewing is recommended to appreciate the potential of this unique offering.
Summary
- Property Type: Retail
- Parking: Allocated
Location
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 (279.862 sq ft)
First Floor - Residential, Separate entrance - The residential element of the property features generous living space spread across two floors, including four well-proportioned bedrooms, a family bathroom, a large kitchen/dining area, and two reception rooms
Tenure
FREEHOLD Title number DU260223
Rateable Value
Current Rateable value £2,075 (Sourced from VOA)
EPC
Awaiting EPC
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.
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 £3000 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 £2500 + VAT (£3,000 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 £750,001 - £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
There is no legal pack for this property.
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