Retail in SR8

FOR SALE BY ONLINE AUCTION – Terms & Conditions Apply

We are delighted to present to auction this substantial two-storey commercial property, prominently situated on Sunderland Road, Horden, Peterlee. last occupied as a fishing tackle shop, this versatile premises offers flexible retail and workshop accommodation on the ground floor, with additional storage and workspace above.

Offering significant potential for a variety of commercial, residential, or mixed-use developments (subject to planning permission), this property represents an exciting opportunity for investors, developers, or business owners.

This substantial two-storey commercial property boasts a net internal area of 426 sqm (4,589 sqft). The premises comprise former retail and workshop space with storage areas, and is set in a prominent and central location within Horden. It is conveniently positioned close to local amenities and transport services, with a bus stop directly outside the property and excellent access to major road networks including the A1086 and A19.

The freehold title is registered under Title Number DU161025. The adopted rateable value is £4,650 as of 1st April 2023, sourced from the VOA. The property is ideally located 23 miles south of Newcastle upon Tyne and 21 miles north of Middlesbrough.

Accommodation comprises:

Ground Floor:
Workshop (13.2m x 10.6m), Workshop (20.6m x 7.8m), Office (7.5m x 4.3m), Office (4.0m x 2.4m), Kitchen (9.2m x 1.2m), two W.C.s.

First Floor:
Room 1 (3.1m x 4.1m), Room 2 (9.9m x 4.0m).

For further information, to register your interest and viewings - (strictly by appointment only through Pattinson's), please contact our office directly.

Location

The subject property is located along Sunderland Road, Horden, close to local amenities and transport links with the closest bus stop being right outside the property. The property is close to main access roads (A1086 and A19). The property is 23 miles south of Newcastle Upon Tyne and 21 miles north of Middlesbrough.

Floor Plan

GROUND FLOOR Workshop: 13.2m x 10.6m Workshop: 20.6m x 7.8m Office: 7.5m x 4.3m Office: 4.0m x 2.4m W.C. Kitchen: 9.2m x 1.2m W.C. FIRST FLOOR Room 1: 3.1m x 4.1m Room 2: 9.9m x 4.0m NIA 426sqm (4,589sqft)

Tenure / Title

Freehold. Title number DU161025.

Rateable Value

The adopted rateable value is £4,650 as of 1st April 2023. Sourced from VOA.

EPC

Available upon request

Additional Information

For further information, to register your interest and viewings - (strictly by appointment only through Pattinson's), please contact our office directly.

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

Timescales

There are 28 days to exchange contracts and a further 28 days to complete the purchase.

56 days in total.

Legal Pack

Please note that for some conditional sales, a legal pack may not be provided. In such cases, buyers are advised to conduct their own due diligence and consult their legal representative before bidding.

Deposit

There is no deposit to pay on this property.

Buyer Fees

This property is sold subject to a non-refundable reservation fee of 5% + VAT to a minimum of £6,000 + VAT (£7,200 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 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

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